Tata Consultancy Services’ (TCS) business unit, TCS Financial Solutions along with its Chinese client Hua Xia Bank (HXB) bagged the Best Core Banking IT Implementation Award.

Mr. Jian Wu, Chairman of board of directors of HXB commented, “Our team is delighted to win this prestigious award. The key design concept of HXB new core banking system is to be “customer centric”.  This design allows us to set up different process flows to differentiate customers, business risks, and to identify high quality corporate clients so that the bank can provide more detailed and additional services to our key customers. TCS BaNCS Core Banking has laid a strong foundation to enhance our management systems and create a centralized operating platform. In addition, this system improves new business development and assists to speed up the bank’s expansion plans.  HXB has become the first publicly traded domestic commercial bank that has introduced an advanced foreign core banking system in China.” 

Mr. Brent Zhu, Head of TCS Financial Solutions China said, “Hua Xia Bank has recently increased its network of branches across China. With over 335 outlets and approximately 1290 overseas correspondent banks positioned around the world Hua Xia Bank needed a solution that would be able to maximize operational efficiency and drive revenue growth. This Core Banking implementation award firmly positions TCS BaNCS at the pinnacle of Core Banking in China. I would like to thank The Asian Banker, TCS staff and the Hua Xia Bank team for their world-class Core Banking system delivery expertise. TCS BaNCS continues to scale to great heights.”