TCS BaNCS to Modernise Mongolia’s Khan Bank Core Banking
Why in the news
Tata Consultancy Services (TCS) has renewed its 25-year relationship with Mongolia’s Khan Bank to overhaul the bank’s old core banking setup and speed up digital transformation.
Key facts
- Platform: TCS BaNCS Global Banking Platform (GBP).
- Customer: Khan Bank, among the largest commercial banks in Mongolia.
- Reach: serves 82% of Mongolia’s population, so the upgrade matters for national financial inclusion and digital access.
Why modernising the core matters
- Cuts operational inefficiencies.
- Joins up siloed systems such as CIF, trade finance and treasury.
- Enables scalable, real-time banking.
Capabilities introduced
| Area | Components |
|---|---|
| Integrated modules | CIF (Customer Information File), retail deposits and lending, treasury, trade finance, cross-border payments |
| Treasury | One consolidated platform across asset classes with real-time monitoring, risk exposure analysis and analytics-led reporting |
Exam angle
- Product: TCS BaNCS; partner bank: Khan Bank, Mongolia.
- Length of the TCS relationship: 25 years.
- Abbreviation: CIF = Customer Information File.