TCS launches payment solution for banks

IT giant TCS released TCS BaNCS for payments V12 at SIBOS 2018 which will enable banks to unleash innovation, speed and transparency. TCS BaNCS is one of the few applications certified on gpi and hence TCS customers who already avail the SWIFT gpi option will receive payments at a greater speed and can maintain end-to-end tracking. SWIFT gpi also holds the potential of transforming cross-border payments. All-in-all, banks would be able to cater to customer demands for better payments, can focus on developing new business models and make themselves less exposed to disintermediation.

TCS BaNCS is ISO20022 standard certified and allows high rates of Straight Through Processing. It supports the clearing of payments across countries and is market ready for both domestic and international transfers under real-time and SWIFT gpi payments, respectively.

The stock of TCS is in the profit-booking phase since the start of October after it hit an all-time high at Rs. 2,273 per share on October 1. The stock is trading with quicker lower tops and lower bottoms. The stock is currently trading down for the third consecutive trading session, however, has hit a Double bottom in the previous session at 1870 levels which if broken on the downside can drag it to 1826-1784 levels. The stock has already breached its 100 days EMA support. However, recent volumes are relatively less, and oscillators are lying just above the over-sold zone. We may see some fresh buying above 1990 levels.