Tata Consultancy Services (TCS) has announced that its universal financial services platform, TCS BaNCS, has been selected by Nedgroup Insurance Company Ltd., (NedIC) a short-term insurer specializing in homeowner's cover, personal accident and vehicle-related, value-added insurance products.
Anees Vazeer, Managing Director, NedIC, said, "NedIC's long term strategy is to be the short-term insurance company known for its superior customer service in South Africa. To achieve this, we needed a solution that was cutting-edge, flexible and capable of integrating with Nedbank's existing banking systems. TCS BaNCS was selected for its superior IT strategy and vision, both in South Africa and internationally, and its strong and focused product direction, advanced functionality and architecture. More importantly, an error-free track record in implementation and product support stood out as key differentiators."
N Ganapathy Subramaniam, President, TCS Financial Solutions, said, "The world over, there is a renewed focus on insurance applications that will configure and launch products rapidly. We are delighted to partner with Nedgroup Insurance on this core system transformation program. This further extends our relationship with them and reinforces our commitment to the African region."
