Tata Consultancy Services (TCS) has launched the TCS BaNCS AI Compass, an advanced AI core designed to enhance operational efficiency and risk management for banking and securities services. This innovative tool integrates machine learning, deep learning, and generative AI with pre-built agents, facilitating responsible AI adoption for financial institutions. TCS BaNCS AI Compass features a user-friendly, no-code interface that allows teams to swiftly build and deploy AI solutions across various use cases, including onboarding and credit underwriting.
With a strong emphasis on explainable AI, the tool promotes transparency and trust in decision-making processes. Built-in governance and compliance mechanisms ensure that AI interactions adhere to enterprise standards. TCS BaNCS AI Compass aims to empower banks and securities firms to leverage AI for improved service delivery while aligning with TCS’s overarching vision of leading organizations into the AI era for sustainable growth and enhanced customer-centric financial services.
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