Janata Sahakari Bank and TCS BaNCS to Digitalize Banking Platform

JSBL Pune will use Tata Consultancy Services (TCS) integrated banking product suite to modernize banking platform.

Janata Sahakari Bank (JSBL) Pune has chosen the TCS BaNCS Global Banking Platform to increase its operational efficiency by updating its digital and core banking systems. To assist JSBL Pune in its digital transformation, Tata Consultancy Services (TCS) will implement its portfolio of integrated banking products.

Regulatory readiness is one of the main priorities of this program. With regard to areas like credit risk management, digital banking, cybersecurity, AML/KYC compliance, and client protection, the new platform will assist JSBL in following to changing Reserve Bank of India (RBI) standards. By combining compliance and risk management into its basic systems, the bank hopes to increase resilience while lowering operational and regulatory risk.

According to Jagdish P. Kashyap, CEO of JSBL Pune, the banks’ commitment has always been to deliver superior banking experiences to the customers, while serving their specific financial needs. By partnering with TCS BaNCS for their digital core transformation, the bank is taking a significant step forward in providing seamless, innovative, and customer-centric banking services. This transformation will empower their customers with faster, more intuitive digital solutions, ensuring that their needs are fulfilled.

Venkateshwaran Srinivasan, Global Head of TCS, said that this partnership with Janata Sahakari Bank extends their commitment to provide modern and secure banking solutions to the urban co-operative banking sector in India. He added that they are happy to bring to JSB a future-ready solution which incorporates some of the unique needs of this segment while also bringing in the best global practices and processes.

The new ecosystem will allow digital onboarding, self-service portals, and API-driven services, supporting faster account opening, improved service delivery, and access to advanced banking products. Through real-time processing and integrated compliance monitoring, the bank will be able to digitize its trade finance operations.