TCS Collaborates with Khan Bank to Modernise Core Banking in Mongolia

Tata Consultancy Services (TCS) has announced a strategic partnership with Mongolia’s Khan Bank to modernise its core banking infrastructure. As part of the transformation, TCS will deploy its flagship TCS BaNCS™ Global Banking Platform to digitise operations, streamline key processes, and improve customer engagement across the bank’s extensive network. 

Khan Bank’s Digital Transformation Journey 

Khan Bank is Mongolia’s leading commercial bank, serving over 82% of the population with a network of 548 branches. With a longstanding relationship spanning nearly 25 years, TCS and Khan Bank are now strengthening their collaboration to usher in a new era of digital-first banking. 

TCS BaNCS to Power Core Banking Modernisation 

The deployment of TCS BaNCS™, a robust and adaptive core banking solution, will help Khan Bank modernise several mission-critical systems including, customer Information File (CIF), trade finance and treasury, international payments, and loans and deposits. 

The new platform will also introduce an integrated treasury management system with real-time monitoring, advanced reporting, and risk exposure analytics, supporting a broad range of asset classes. 

Also Read: TCS to Modernise Dhofar Insurance with Core Platform TCS BaNCS 

Driving Innovation and Digital Banking at Scale 

By leveraging TCS BaNCS, Khan Bank will be able to: 

• Launch new banking products faster with reduced time-to-market
• Expand its digital portfolio with agility and scalability
• Enhance customer service and experience across digital channels
• Support its long-term vision of becoming a pure digital bank 

TCS' global expertise in financial technology and proven success with major banks worldwide positions it as a trusted partner for this large-scale transformation. 

TCS Share Price 

On May 14, 2025, Tata Consultancy Services’ share price (NSE: TCS) opened at ₹3,521, lower than its previous close at ₹3,515.30. At 1.14 PM, the share price of TCS was trading at ₹3,549.90, up by 0.99% on the NSE. 

Conclusion 

This collaboration between TCS and Khan Bank marks a major step in advancing digital banking in Mongolia. With the deployment of TCS BaNCS, Khan Bank is set to redefine its operational efficiency and customer-centric banking approach in line with global best practices. 

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