TCS Joins Hands with Council of Europe Development Bank for Automation

Tata Consultancy Services (TCS) has entered into a strategic partnership with the Council of Europe Development Bank (CEB) to support the bank’s operational modernisation efforts.

As part of this initiative, TCS will implement its flagship product TCS BaNCS™ for Reconciliations to automate and streamline CEB’s complex financial reconciliation processes. This collaboration is aimed at boosting operational efficiency, enhancing transparency, and reducing manual workloads through AI and automation.

Modernising Reconciliation with TCS BaNCS

The implementation of TCS BaNCS for Reconciliations will allow CEB to automate the full reconciliation lifecycle, from transaction matching and exception handling to investigation and reporting. The platform offers real-time visibility and transparency across the bank’s operations, enabling quicker and more accurate reconciliations. Integrated directly with the CEB’s core systems, it will offer better control and enable faster daily reconciliation cycles, while also managing unmatched entries and file extraction from PDFs.

Empowering Social Development Banking

Headquartered in Paris, the Council of Europe Development Bank plays a crucial role in promoting social inclusion and development across 43 member states. It provides funding for social sector projects in education, healthcare, housing, and more—often working with governments, public institutions, and non-profits. With a growing transaction volume tied to its multibillion-euro lending portfolio, the bank requires a robust solution to handle scale and complexity. TCS BaNCS is designed to address this challenge through intelligent automation and scalability.

Scalable and Compliant Technology

TCS BaNCS for Reconciliations is equipped with AI- and ML-driven capabilities that enhance accuracy and minimise manual intervention. Its cognitive engine supports seamless automation across systems, while maintaining compliance with international standards such as SWIFT ISO 20022. Key features include mobile support, API integration, smart dashboards, online archiving, and pre-processing capabilities. The solution is available for both on-premise and cloud deployments.

TCS’s Strong European Presence

This partnership further reinforces TCS’s footprint in Europe. With over 45 years of presence in the region and a workforce of 15,000+ associates, TCS supports more than 80 major French companies. It operates delivery centers in Paris-Suresnes, Lille, Poitiers, and Toulouse. TCS was recently ranked #1 for customer satisfaction in the 2025 Whitelane Research Survey for the 12th year in a row.

TCS Share Price Performance

On June 17, 2025, TCS share price opened at ₹3,510.00, up from its previous close of ₹3,496.30. At 9:22 AM, the share price of TCS was trading at ₹3,498.30, up by 0.02% on the NSE.

Also Read: TCS Partners with DNA Finland for Five-Year Cloud Migration Program!

Conclusion

TCS’s collaboration with CEB exemplifies the power of digital transformation in the banking sector. Through this partnership, TCS is helping CEB scale its operations, improve compliance, and enhance financial transparency, empowering the bank to better serve its mission of supporting social development across Europe.

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