TCS Bancs wins AU$13.6m core banking system contract

Reserve Bank of Australia (RBA), the country’s central bank, has made a decision to overhaul its core banking technology with TCS Financial Solutions’ Bancs system. The contract is worth AU$13.6 million ($10.2 million). TCS Bancs will replace the legacy software at RBA within the next two years – in one of the largest tech modernisation initiatives at the bank. Read more: