Tata outsources to Australia

banking solution, reports The Economic Times.

CUA will revolutionise its core banking system and back office processes over the next two years to provide greater flexibility and integration across the business and deliver an enhanced customer experience, TCS said in a statement.

ZDNet says CUA will replace its 18-year-old homegrown legacy system with Tata Consultancy Services' BaNCS platform - a modernisation that is set to underpin its forward growth plans to become twice its current size.

CUA's CEO, Chris Whitehead, says the banking overhaul is essential to meet future objectives.

According to ITWire, even though the deal was revealed earlier this week, CUA will deploy the BaNCS platform over the next two years.