SAP for Banking vs. TCS BaNCS

SAP [needs] a UI upgrade soon - it is getting difficult to operate, especially when huge transactions are involved. SAP's mobile application however gives easy access to data and we can address and search it when needed. This also helps to provide appropriate information to customers and I can update the transaction details on the go.

Incentivized

The application works well for Wealth Management, Insurance, and core banking tools as it has a ground-up level and information that makes it one of a kind with unique features to support each of the mentioned. The BaNCS allowed us to migrate to digital-only at the earliest timeframe and adapt to the modern banking expectation of our clients.

Incentivized

• Multi Deposit Management
• Credit & Loan Management
• Access Live Data

Incentivized

• Evaluation and contracting
• Integration
• Deployment

Incentivized

• The think and thin ledger handling
• Regulatory compliance need

Incentivized

Direct banking-related software is not used but within [the] company, SAP is being used to interface with the Banking system.

Incentivized

Strong customer focus, support and good integration capabilities

Incentivized

• Robust solution, highly integrated, data protection, immense cyber security as positive.
• Highly complex to implement, the need [for] high knowledgeable consultants are negative impacts.
• Expensive for SME banks.
• High implementation costs.

Incentivized

• Good revenue growth
• Improved process
• Improved service

Incentivized