TCS partners with Council Of Europe Development Bank to modernise operations

Tata Consultancy Services will help the Council of Europe Development Bank to modernise and streamline its operations, according to an exchange filing by the IT bellwether. The company did not disclose the monetary value of the deal.

Under the deal, TCS will deploy TCS BaNCSTM for Reconciliations to help the bank streamline complex transactions and automate key reconciliation processes using artificial intelligence (AI) and automation. The TCS programme will enable CEB to automate its entire reconciliation lifecycle—from transaction matching and…