Westpac selects TCS to provide Banking Solutions
Tata Consultancy Services has unveiled that Westpac Life NZ Ltd (Westpac) has selected TCS - BaNCS Insurance - IT solution for upgrading and transforming life insurance software platform. TCS BaNCS Insurance provides a complete end-to-end solution for the insurance business, supporting all mainstream products, sales channels, and lifecycle functionalities, including customer management, product definition, policy administration, claims management, insurance accounting and reinsurance.
Pradipta Pandit, TCS Financial Solutions Product Head said, "The innovative platform will provide Westpac the ability to define, configure and launch new products in a swift and efficient style. Our experienced delivery team is looking forward to activating another successful TCS BaNCS implementation."
Kevin Crowley, Westpac Head of Insurance said, "The transformation programme will enable the Insurance business to respond rapidly to changing market conditions as well as offer improved levels of service to Westpac's customers."
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