Partnership to help Israel’s central bank build a robust content repository for secure document access as well as comprehensive customer communication platform

Newgen Software, a global provider of low code digital transformation platform, is pleased to announce that it has partnered with Tata Consultancy Services (TCS)—a leading global IT services, consulting, and business solutions organization—to deploy an enterprise-wide content repository and a multi-channel, multi-lingual communication suite for the Banking Service Bureau (BSB) in Israel.

Newgen and TCS are enabling Israel’s central bank to transform the country’s banking sector by building a cloud-hosted centralized platform to provide end-to-end banking solutions. BSB will leverage TCS core banking solution (TCS BaNCSTM) and Newgen’s digital transformation products, including contextual content services (ECM) and omnichannel customer engagement (CCM).

With Newgen’s unified platform for automating content and communications, integrated with the cloud-based TCS BaNCSTM, BSB can build a robust, scalable repository to securely access and manage documents throughout their lifecycle. The repository would serve as a shared, plug-and-play digital banking platform to help banks standardize communications and enhance customer experience.

Sumanta Roy, Vice President and Regional Head of TCS Middle East, Africa, Mediterranean, said, “TCS delivers on its promise to Ministry of Finance, Israel, for creating the most innovative, fully configurable and programmable Megastore of a full service BFSI platform, through its carefully selected set of partners like Newgen. This partnership has architected a highly scalable and secure platform in record time, delivering a truly digital experience to its customers.”

“Our joint collaboration will help financial institutions in Israel deliver a faster, more connected, and frictionless banking experience to their customers,” said Diwakar Nigam, MD and Chairman, Newgen.

About TCS

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India’s largest multinational business group, TCS has over 469,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS’ proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com and follow TCS news at @TCS_News.

About Newgen Software Technologies Limited

Newgen is the leading provider of a unified digital transformation platform with native process automation, content services, and communication management capabilities. Globally, successful enterprises rely on Newgen’s industry-recognized low code application platform to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud. From onboarding to service requests, lending to underwriting, and for many more use cases across industries. Newgen unlocks simple with speed and agility.

For more details, visit www.newgensoft.com