TCS BaNCS upgraded with AI for enhanced financial services

Tata Consultancy Services (TCS) announced a major AI upgrade to its TCS BaNCS platform with the launch of TCS BaNCS AI Compass. This new tool integrates machine learning, deep learning, generative AI, and pre-built intelligent agents to help financial institutions optimize capabilities, improve operational excellence, and strengthen risk management. The upgrade is designed for technology decision-makers, facilitating the adoption of responsible AI, streamlining workflows, and unlocking new growth opportunities across banking, securities, and wealth management.

Jennifer Smith, executive vice-president and chief technology officer at Zions Bancorporation, noted the strong vision behind TCS BaNCS AI Compass and its potential to enhance efficiency and risk management for users. Venkateshwaran Srinivasan, global head, financial solutions at TCS, highlighted the company's commitment to making AI integral to BaNCS to enhance operational efficiency, manage risk, and prioritize robust governance and transparency.

TCS generated consolidated revenues exceeding $30 bn for the fiscal year ended March 31, 2025. The company employs 590,000 individuals across 55 countries and 202 service delivery centers.