TCS is proud to team up with the Council of Europe Development Bank (CEB) to modernize its banking operations. With this powerful collaboration, CEB will use TCS BaNCS for Reconciliations to streamline financial transactions and cut manual effort.
The result? CEB’s back office will become smarter, faster, and more efficient — a perfect match for its mission to fund education, healthcare, and affordable housing across 43 European countries.
Why TCS BaNCS Is A Game-Changer
Today, financial transactions move quickly, and banks need technology that can keep up. TCS BaNCS lets CEB match transactions, resolve issues, and produce reports in real time — all without manual intervention.
Using artificial intelligence and automation, TCS BaNCS can handle large volumes of transactions accurately and efficiently. It covers everything from match-up to exception handling and reconciliation, reducing human effort and freeing up resources for more important tasks.
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CEB’s Goal To Support Sustainable Development
CEB plays a key role in strengthening education, health care, and affordable housing in its 43-member states. To do this effectively, it needs robust, scalable technology. TCS BaNCS lets CEB keep up with growing financial transactions while minimizing risk and improving oversight.
“It’s a perfect match for us — we can now operate faster and more transparently, thanks to TCS BaNCS. It lets us handle large transactions smoothly, which directly supports our mission of improving lives across Europe.” — Stefano Michelangeli, CEB’s head of finance and risk systems.
TCS — Your Digital Transformation Partner
TCS is a world leader in digital transformation. With products like TCS BaNCS, it helps banks cut manual effort, avoid mistakes, and respond quickly to changing conditions.
“It’s a proud moment for TCS to support CEB’s mission. TCS BaNCS lets the bank grow and serve its members more efficiently and effectively.” — Venkateshwaran Srinivasan, TCS’ financial solutions head.
For CEB, this collaboration signals a huge step forward. Operations will become more automated, transactions will clear faster, and oversight will be more accurate — all thanks to TCS.
This shows how technology can empower banks to do more with less, putting their resources toward what matters most — improving the lives of people in their communities.
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