Tata Consultancy Services (TCS) announced that Emirates NBD, the Middle East’s leading financial services group, has successfully deployed a centralised international payments hub for multiple entities, running on TCS BaNCS for payments.

Emirates NBD had selected TCS BaNCS for payments as part of its vision to transform payments   processing across all its entities covering six countries, said a media release by TCS. 

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The solution is now being used for international payments in Singapore, India, United Arab Emirates and United Kingdom. In India, the solution will also process domestic payments over RTGS and NEFT, while in UAE, at Emirates NBD and Emirates Islamic Bank, it will manage international payments as well as FTS for domestic clearing, the press release said.

The TCS BaNCS Enterprise Payments Hub centralizes and strengthens the bank’s payments processing
infrastructure across countries.