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Tata Consultancy Services, Volt to launch new BaaS platform

Wednesday 4 November 2020 13:04 CET | News

Tata Consultancy Services (TCS) has announced a partnership with Volt, an Australian neobank to launch Volt 2.0, its next-generation banking-as-a-service (BaaS) platform.

India-based TCS is a global IT services, consulting, and business solutions organisation. Set to launch in 2021, Volt 2.0 will leverage TCS BaNCS, a global payments solution, to expand the bank’s offerings to include NPP, BPAY and DE, enabling full-service banking capabilities for all its customers.

Volt will work closely with TCS to incorporate the real-time capabilities of TCS BaNCS for payments. This will be done along with API-based access to Open Banking components that are not dependent on traditional legacy structures. The end-to-end solution provides back-end support, the possibility to integrate and connect with other products and services.

TCS BaNCS for payments offers multi-entity, currency, and country capabilities covering the value chain to Australian banks.


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Keywords: Tata Consultancy Services, TCS, Volt, product launch, BaaS, Banking as a Service, partnership, API, Australia
Categories: Banking & Fintech | Online & Mobile Banking
Countries: World
This article is part of category

Banking & Fintech