TCS launches enhanced TCS BaNCS Marketplace, an innovation hub for Financial Services Companies
- ByStartupStory | October 15, 2021
Tata Consultancy Services (TCS), a global leader in IT services, launched the enhanced TCS BaNCS Marketplace, an innovation hub where customers can collaborate and adopt leading partner solutions compatible with the TCS BaNCS suite, for banking, capital markets and insurance.
Financial institutions are increasingly partnering with TCS to accelerate their innovation and take advantage of a larger co-innovation ecosystem hosted by TCS. The TCS BaNCS marketplace provides them with a rich ecosystem of solutions and APIs from fintech, insurtech, risktech, regtech and other innovators.
Customers can collaborate and experiment with these partners in a secure and reliable sandbox environment to rapidly innovate and prototype solutions that enhance the end-customer experience and enable new value-added services and revenue streams. They can also select prepackaged and organized solutions to respond more quickly to changing market needs.
For partners, the marketplace provides access to the massive installed base of TCS BaNCS around the world and an opportunity to expand into new markets. More than 100 partners are already part of the TCS BaNCS Marketplace. Of these, 50% are in various stages of monetization and 25% of partner solutions are already implemented in customer organizations.
To be hosted on the Marketplace, partners go through a management process to determine their strategic relevance to customers and their complementarity with the TCS BaNCS product roadmap.
Follow Startup Story
Related Posts
