Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / TCS to provide banking solutions to New Zealand bank
BackBack

TCS to provide banking solutions to New Zealand bank

TCS to provide banking solutions to New Zealand bank

Premium

New Delhi: India’s largest software exporter Tata Consultancy Services (TCS) on Wednesday said Westpac Life NZ Ltd (Westpac) has selected its banking solution for upgrading and transforming life insurance software platform.

Westpac has selected TCS -- BaNCS Insurance -- IT solution to assist the financial institution to upgrade and transform its life insurance software platform, Tata Consultancy Services said in a statement.

“The transformation programme will enable the insurance business to respond rapidly to changing market conditions as well as offer improved levels of service to Westpac’s customers," Westpac head of insurance Kevin Crowley said.

TCS BaNCS Insurance provides a complete end-to-end solution for the insurance business, supporting all mainstream products, sales channels, and lifecycle functionalities, including customer management, product definition, policy administration, claims management, insurance accounting and reinsurance.

“The innovative platform will provide Westpac the ability to define, configure and launch new products in a swift and efficient style. Our experienced delivery team is looking forward to activating another successful TCS BaNCS implementation," TCS Financial Solutions product head Pradipta Pandit said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 31 Aug 2011, 04:54 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie