Wednesday, May 14 2025 | Time 23:19 Hrs(IST)
Business EconomyPosted at: May 14 2025 5:50PM


TCS partners with Khan Bank to enhance customer experience and propel innovation

Hyderabad, May 14 (UNI) Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, on Wednesday said it has entered into a strategic alliance with Mongolia’s Khan Bank to help modernize its core digital banking platform and transform its banking operations.
Leveraging the flagship TCS BaNCS™ Global Banking Platform (GBP), Khan Bank is set to embark on a digital transformation program to streamline processes, improve efficiency, and enhance customer experience, the IT giant said in a release.
Khan Bank , a leading Mongolian national commercial bank with 548 branches spanning the country, provides comprehensive banking and financial services to over 82 percent of Mongolia's total population (2.9 million customers).
Khan Bank has been an existing customer for TCS’ BaNCS platform for close to 25 years.
Building on this long-standing partnership, the TCS BaNCS Global Banking Platform will help the Bank streamline and modernize several critical business functions, including the Customer Information File (CIF), trade finance, treasury, international payments, and loans and deposits.
The TCS BaNCS product suite will be deployed across Khan Bank’s operations, including a consolidated treasury management platform supporting the wide range of asset classes offered by the bank, alongside real-time monitoring, risk exposure analysis, and advanced reporting capabilities.
Munkhtuya R. (TUYA), CEO, Khan Bank, said, “This strategic partnership with TCS aligns with Khan Bank's ambitious growth plans, with the TCS BaNCS Global Banking Platform poised to play a pivotal role in our technology modernization program. By helping us realize our strategic objectives of streamlining operations for quick time-to-market and future-proofing our banking technology platform and environment, TCS BaNCS will empower our Bank to achieve its growth ambitions, explore initiatives in the space of AI, and solidify its position as the leading bank in Mongolia.”
TCS BaNCS, an innovative and adaptive digital-first core banking solution, which has proven to support several leading global banks, will help Khan Bank enhance its digital portfolio, reduce time to market, and streamline operations.
The solution will help accelerate time-to-market for new products and services, allowing Khan Bank to fast-track response to customer demands and roll out new innovative offerings.
TCS will help the bank in scaling its digital banking operations, in turn ensuring that the bank’s services seamlessly reach a wider customer base, contributing to its pure digital bank strategy.
Venkateshwaran Srinivasan, Global Head, Financial Solutions, TCS, said, “We are happy with the selection of the TCS BaNCS Global Banking Platform by Khan Bank for its core modernization program. This selection reinforces our commitment to the two-decade-long partnership with the Bank, which began in 2001. The solution will enable quick time to market of new products and innovative offerings, enable mass personalization, and help sustain Khan Bank’s market leadership in the country.”
TCS BaNCS for Banking processes banking transactions of over 30 percent of the global population. It helps financial institutions manage risks, leverage new and extended ecosystems, and create significant value.
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