Comments
Tata Consultancy Services on Wednesday said Westpac Life NZ Ltd (Westpac) has selected its banking solution for upgrading and transforming life insurance software platform.
Westpac Life NZ Ltd (Westpac) has selected TCS - BaNCS Insurance - IT solution to assist the financial institution to upgrade and transform its Life Insurance software platform, Tata Consultancy Services said in a statement.
“The transformation programme will enable the Insurance business to respond rapidly to changing market conditions as well as offer improved levels of service to Westpac’s customers,” Westpac Head of Insurance Mr Kevin Crowley said.
TCS BaNCS Insurance provides a complete end-to-end solution for the insurance business, supporting all mainstream products, sales channels, and lifecycle functionalities, including customer management, product definition, policy administration, claims management, insurance accounting and reinsurance.
“The innovative platform will provide Westpac the ability to define, configure and launch new products in a swift and efficient style. Our experienced delivery team is looking forward to activating another successful TCS BaNCS implementation,” TCS Financial Solutions Product Head Mr Pradipta Pandit said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.