Pune: Janata Sahakari Bank Pune (JSBL, Pune) has selected the TCS BaNCS Global Banking Platform to modernize its core and digital banking landscape, enhance operational efficiency, and deliver a superior customer experience.
Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global leader in IT services, consulting, and business solutions, will implement a seamless omnichannel banking experience across web, mobile, and offline touchpoints supported by TCS BaNCS’ modernized core and digital channels.
Empowered by the TCS BaNCS Global Banking Platform, Janata Sahakari Bank Pune will undertake a strategic transformation toward a new-age core and digital banking solution covering core banking, payments, trade finance, and AML/KYC compliance capabilities.
The initiative aims to accelerate growth, enhance omnichannel customer engagement, and expand market presence while improving enterprise performance, credit quality, and risk controls.
The transformation will also support compliance with evolving Reserve Bank of India regulations across areas such as credit risk management, digital banking, cybersecurity, and customer protection.
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Janata Sahakari Bank begins digital transformation with TCS BaNCS platform
Established on October 18, 1949, with a focus on social welfare and Pune’s co-operative ecosystem, Janata Sahakari Bank Pune is among the leading institutions in India’s co-operative banking sector, with a growing footprint across the country.
Like other urban co-operative banks in India, the Janata Sahakari Bank provides customer-centric financial services including savings accounts, depository services, credit lines and loans, and digital banking services for individuals, local businesses, and semi-urban enterprises.
Jagdish P Kashyap, CEO, JSBL Pune, said: “At Janata Sahakari Bank, our commitment has always been to deliver superior banking experiences to our customers, while serving their specific financial needs.
By partnering with TCS BaNCS for our digital core transformation, we are taking a significant step forward in providing seamless, innovative, and customer-centric banking services. This transformation will empower our customers with faster, more intuitive digital solutions, ensuring that their needs remain at the heart of everything we do.”
Venkateshwaran Srinivasan, Global Head, Financial Solutions, TCS, said: “We are delighted at this partnership with Janata Sahakari Bank and extend our commitment to providing modern and secure banking solutions to the urban co-operative banking sector in India.
We 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 to help enhance JSBL’s position in the market with respect to customer experience, regulatory compliance and product innovation.”
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The TCS-enabled ecosystem will support digital onboarding and self-service portals to streamline account-opening processes, improve service speed and accuracy, and provide access to innovative financial products.
Scalable API-driven solutions will help the bank respond efficiently to evolving market needs while ensuring access to advanced banking services.
Additionally, the bank will transition to digitized trade finance operations supported by real-time processing, integrated risk management, and advanced compliance monitoring and reporting systems.
The TCS BaNCS Global Banking Platform, available both on-premise and on cloud infrastructure, enables banks and financial institutions to deliver innovative products and services throughout the customer lifecycle across preferred digital channels.
Its digital core architecture supports co-operative banks in accelerating transformation and participating in broader financial ecosystems through API-led integration.
For nearly six decades, TCS has played a key role in India’s technology transformation through nation-building programs, digital public infrastructure development, and citizen-centric services.
Banking and financial services organizations globally rely on TCS solutions, which also support financial inclusion initiatives, digital stock exchange platforms, passport issuance systems, health insurance services, pension systems for defence personnel, and other public service programs.
