Israel’s OFEK Credit Union Selects TCS Banking Services Bureau

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Achieve growth and transformation objectives

Tata Consultancy Services announced that Israel’s OFEK Credit Union (OFEK) has selected TCS Banking Services Bureau (BSB), powered by TCS BaNCS, to achieve its growth and transformation goals.

OFEK was established in 2012 with the aim of providing households and small businesses in Israel with easy access to credit through peer-to-peer lending while promoting sustainability and social value. More recently, OFEK obtained an official license to provide banking services, which gave new impetus to its strategic objectives.

OFEK has selected the TCS BSB powered by TCS BaNCS, to quickly launch its operations and offer innovative and contextual digital banking services. TCS BaNCS market-ready banking and securities solution and its rich set of APIs delivered on a SaaS model will help OFEK connect and integrate with the market ecosystem and create a dynamic and dynamic digital financial offering. complete for its customers.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)


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First published: Monday, September 19, 2022. 1:18 PM IST

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