Tata Consultancy Services has been selected by MyState Limited to deploy its BaNCS Global Banking Platform for MyState...

Tata Consultancy Services has been selected by MyState Limited to deploy its BaNCS Global Banking Platform for MyState Bank's core banking transformation following its merger with Auswide Bank.

The implementation will help consolidate banking systems, business processes, data repositories and customer service systems through configurable solutions, workflow automation, APIs and AI-based transformation tools. The platform is also expected to support MyState's future acquisitions.

Brett Morgan, CEO and Managing Director of MyState, highlighted the role of a modern, AI-enabled core banking platform in reducing complexity, improving the use of technology and data, and building a more scalable bank.

The engagement underscores the continued focus on core banking modernisation as financial institutions look to streamline operations and build technology foundations for future growth.