Tata Consultancy Services (TCS), a global leader in IT services and business solutions, has formed a strategic alliance with Mongolia’s Khan Bank to modernize its core banking infrastructure. This collaboration leverages the TCS BaNCS™ Global Banking Platform, a cutting-edge digital-first solution designed to streamline banking operations and improve customer experiences.
Khan Bank, Mongolia’s leading national commercial bank, serves 82% of the country’s population through its 548 branches. As a trusted partner for over 25 years, TCS will now help the bank transition to a more agile and efficient digital ecosystem. The transformation will enhance several key banking functions including Customer Information File (CIF), trade finance, treasury, international payments, and loan and deposit management.
The TCS BaNCS platform enables real-time monitoring, risk analysis, and advanced reporting. It supports containerized deployment, simplifies data streaming, and creates a future-ready platform that fosters AI and ML innovation.
A major highlight of the upgrade is the ISO 20022-compliant payment solution, supporting SWIFT GPI and SWIFT Go, which allows Khan Bank to offer both high- and low-value international payment services efficiently.
This modernization effort supports Khan Bank’s vision of a pure digital banking strategy, accelerating time-to-market for new products and services, scaling digital operations, and expanding reach across Mongolia.
TCS BaNCS, which processes banking transactions for over 30% of the global population, empowers financial institutions to reduce risk, embrace new ecosystems, and unlock long-term value. With cloud-native architecture and API integration, it also aids legacy system transitions and enhances operational agility.
