TCS BaNCS to power MyState Limited's core banking transformation

Tata Consultancy Services (TCS) has been selected by MyState Limited, an Australian financial institution, to deploy its TCS BaNCS Global Banking Platform. This platform will support MyState Bank's core banking transformation and the consolidation of operations following its merger with Auswide Bank. The implementation aims to streamline operations, consolidate multiple banking systems, business processes, data repositories, and customer servicing capabilities into a single operating model. This will enhance customer experience and support future acquisitions and growth. The platform's AI-enabled capabilities, model-bank architecture, and API-led integration are expected to simplify the technology landscape, improve operational efficiency, and accelerate innovation.