- Regional Bank Central Bank, based in Missouri, USA, is modernizing its core technology infrastructure.
- It has partnered with Tata Consultancy Services (TCS) to implement TCS Bancs, TCS’s flagship core banking system, to simplify its technology landscape and drive organic growth.
- Central Bank, established in 1902, operates over 150 branches across multiple states, managing assets exceeding $20 billion.
- John Ross, President and CEO of Central Bank, stated that TCS Bancs was a natural choice after an extensive search for a partner to upgrade its core systems.
- Central Bank will leverage TCS Bancs’ account opening module to streamline customer acquisition processes and drive further growth. Additionally, it will utilize TCS Bancs’ API ecosystem to forge new partnerships and swiftly launch new products.
- TCS Bancs for Payments solution will enable Central Bank to offer services such as FedNow and Real-Time Payments from The Clearing House (TCH).
- TCS has seen significant adoption of its TCS Bancs offering, with recent deals signed with institutions like CTBC Bank in Taiwan, Ikano Bank in Sweden, and Banque Saudi Fransi.
