TCS partners with the Council of Europe Development Bank (CEB) to modernize operations and improve efficiency.
TCS will deploy TCS BaNCS for Reconciliations to streamline transactions and automate reconciliation using AI and automation.
TCS BaNCS will automate the entire reconciliation lifecycle, offering real-time visibility and transparency, while reducing manual effort.
Stefano Michelangeli, Head of Finance and Risk Systems at the CEB, said the automation in reconciliation will ensure error-free operations and improve overall efficiency.
Venkateshwaran Srinivasan, Global Head, Financial Solutions, TCS, said that the deployment of TCS BaNCS will enable CEB to gain significant efficiency.