Ikano Bank, operating in multiple European countries, offers diverse financial services and products. To address the challenges of operating on different core banking solutions and multiple broker solutions, Ikano Bank has initiated a transformation journey. The bank aims to consolidate its pan-European accounts, deposits, and unsecured retail lending business on the TCS BaNCS platform, starting with Sweden. This centralization will facilitate faster product innovation, market expansion, process standardization, regulatory compliance, and improved resilience.
Ikano Bank’s digital delivery head, Mikael Andersson, expressed their focus on creating a fully digital bank with exceptional customer experiences. The TCS BaNCS Global Banking Platform, known for its successful track record in the Nordics, will enable them to achieve their goals. The platform’s cloud-native, future-ready design provides a strong foundation for innovation and growth, as stated by Venkateshwaran Srinivasan, Global Head of Financial Solutions at TCS.