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Under the agreement, TCS will lead the migration of up to 80% of DNA's enterprise applications to the public cloud by 2030. Building on the successful 17-year collaboration between TCS and DNA, this partnership is designed to enhance customer experience, drive operational efficiency, and deliver significant cost optimization.
As part of DNA's broader ‘Journey to the Cloud' program, TCS will leverage its proprietary tools, TCS Cloud Counsel and TCS Migration Factory on Google Cloud to streamline and automate key migration processes. In the initial phase of the program, more than 100 applications will be migrated to Google Cloud over the next 24 months. To support this at scale, TCS will establish a dedicated Cloud Migration Factory at its nearshore delivery center in Portugal, ensuring efficient management of application migration and modernization.
Tata Consultancy Services (TCS) 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.
Khan Bank is a leading Mongolian national commercial bank with 548 branches spanning the country. It 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.
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.