Banque Saudi Fransi implements TCS BaNCS for payments

Posted on by

Banque Saudi Fransi (BSF), Sun Kingdom of Saudi ArabiaThe largest banks, implemented TCS BaNCS for payments, provided by Tata Advisory Services (TCS).

TCS BaNCS has centralized and standardized BSF’s domestic and international payments operations. Real-time transaction validation has increased direct processing rates and transaction speeds. The microservices architecture of TCS BaNCS enables Banque Saudi Fransi to provide real-time payment services and scale its systems to handle large transaction volumes. The solution provides ready-to-use APIs for integration with third-party providers, supporting Banque Saudi Fransi’s open strategy.

BSF acquires a future-proof digital core and ISO20022 compliance, facilitating the introduction of new production lines and adhering to SWIFT CBPR + guidelines. The bank is also an adopter of the GCC Payment Clearing System – RTGS for cross-border payments in the GCC region. The share price fell 0.23 percent to INR 3,503.90 at 1:03 pm on BSE.