TCS To Deploy BaNCS Platform For Council Of Europe Development Bank’s Revamp

Tata Consultancy Services Ltd. has joined hands with the Council of Europe Development Bank (CEB) to modernise its operations and boost efficiency through automation and AI-driven reconciliation tools.

As part of the deal, TCS will roll out its TCS BaNCS platform to streamline complex transactions and automate critical reconciliation processes. The move is aimed at reducing manual intervention, improving turnaround times, and enhancing overall transparency, the IT services company said in an exchange filing.

With the deployment of TCS BaNCS for reconciliations, the CEB will be able to manage the entire reconciliation lifecycle—right from matching transactions and resolving exceptions to investigations and reporting—in a fully automated setup. The bank will also gain real-time visibility and improved control across its systems.

The platform’s integration with the bank’s core systems will allow for quicker daily reconciliations and faster processing of unmatched entries. Key tasks such as file loading and PDF statement extraction will also be automated, helping the bank manage its operations more effectively across multiple accounts.

TCS said the solution will enable the CEB to handle scale and complexity better, as it looks to future-proof its reconciliation infrastructure.