Partnership16 Jun 2025, 04:06 pm
Council of Europe Development Bank Partners with TCS to Transform Reconciliation Processes
AI Summary
The Council of Europe Development Bank (CEB) has partnered with Tata Consultancy Services (TCS) to modernize its operations and drive greater efficiency. TCS will deploy TCS BaNCS™ for Reconciliations to help the bank streamline complex transactions and automate key reconciliation processes using artificial intelligence and automation. This partnership will strengthen the CEB’s reconciliation operations to better manage complexity and scale across multiple accounts.
Key Highlights
- Council of Europe Development Bank partners with TCS for reconciliation processes transformation.
- TCS to deploy TCS BaNCS™ for Reconciliations to manage complex transactions and streamline processes using AI and automation.
- Partnership aims to strengthen the CEB’s reconciliation operations to better manage complexity and scale across multiple accounts.
- TCS BaNCS for Reconciliations will provide real-time visibility, greater transparency, and reduce manual effort and turnaround times.
- Implementation will allow for better control and faster daily reconciliations, and automate critical tasks such as file loading, extraction of PDF statements, and reconciliations for unmatched entries.