TCS will deploy its TCS BaNCS™ Global Banking Platform to support the consolidated brand following the merger of MyState Bank with Auswide Bank. The implementation will help streamline operations, support further acquisitions, and enhance customer experience.
HOBART, AUSTRALIA | MUMBAI, INDIA, October 14, 2026: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global leader in IT services, consulting, and business solutions, has been selected by MyState Limited, one of Australia’s leading financial institutions, to deploy the TCS BaNCS™ Global Banking Platform. The platform will support MyState Bank’s core banking transformation and consolidation of its operations following its merger with Auswide Bank.
The partnership will help MyState Limited consolidate multiple banking systems, business processes, data repositories, and customer servicing capabilities into a single operating model. The implementation of TCS BaNCS Global Banking Platform will support post-merger integration and deliver seamless digital banking customer experience.
Brett Morgan, Chief Executive Officer and Managing Director, MyState Limited, said, “The decision to implement a modern, AI-enabled core banking platform is an important step in building a simpler, stronger and more scalable bank for our customers and our people. This platform will help us consolidate systems, reduce complexity, and create the foundation for faster innovation, better digital experiences, and continued growth. It also supports our ambition to use technology and data more effectively so we can deliver more personalized, responsive and reliable banking services for customers across Australia.”
Venkateshwaran Srinivasan, Global Head, Financial Solutions, TCS, said, “We are pleased to partner with MyState Limited on this transformative journey to build a unified, future-ready banking platform. TCS BaNCS brings together capabilities across core banking, payments, customer engagement, relationship management, and digital operations. This modernisation will help MyState Bank improve customer experience, strengthen operational efficiency, realize merger synergies, and accelerate growth. The transformation will help build agility and scalability needed to support AI-powered operations and meet the evolving needs of its customers.”
The transformation will leverage TCS BaNCS Global Banking Platform’s model-bank architecture, configurable product framework, workflow automation capabilities, API-led integration approach, and AI-based transformation tools. These capabilities will help simplify the bank’s technology landscape, improve operational efficiency, and accelerate product and service innovation. The scalable platform will also support the bank’s future growth and potential acquisitions.
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