Oman Housing Bank selects IT firm for banking solutions to aid growth

Oman Housing Bank (OHB) recently selected Tata Consultancy Services (TCS) to provide an enhanced end-customer experience in a move to become a leading housing finance bank in the region.

TCS, an IT services, consulting and business solutions provider based in India, will give OHB a comprehensive platform for loans, deposits, origination, payments, funds transfer and compliance. The platform and the company’s fail-proof track record were key factors in TCS being selected after an in-depth selection process.

“Our selection of TCS BaNCS for universal banking reflects our desire to grow and align with new technology and provide a superior end-customer experience,” OHB General Manager Adnan Haidar Darwish said. “A future-proof, market ready solution such as TCS BaNCS will help us in our growth plans and serve as a platform to build and evolve our technology ecosystem.”

OHB plans to transform its technology landscape and automate processes across many functions and it believes TCS is the best partner to help it accomplish its goals.

“We have been working with more than 40 financial institutions in the Middle East and Africa,” TCS Financial Solutions President N Ganapathy Subramaniam said. “Oman Housing Bank selecting our universal banking platform is reflective of this commitment from TCS to the region and an endorsement of our next generation Java architected core banking platform. Our solution will help OHB drive customer centricity, innovation (and) will be a catalyst to enriching its footprint in the region.”