Sweden’s Länsförsäkringar Bank selects TCS BaNCS for digital progress

Sweden Länsförsäkringar Bank

Tata Consultancy Services (TCS) said that Sweden’s Länsförsäkringar Bank has selected its TCS BaNCS platform as the engine to power its future growth and transformation. TCS will also provide system integration and support services to ensure a smooth transition for the bank’s current environment.

Länsförsäkringar is a customer-owned bank formed in 1991, with a strong local presence. It has grown to be the fifth largest retail bank in Sweden and has most satisfied retail customers according to Swedish Quality Index (SKI). It is also a leader in digital banking services and recently won awards for Sweden’s best mobile bank, best app and mobile site.

“In our evaluation, we found TCS BaNCS to be a superior solution that is very well capable of supporting our ambition of being a digital market leader,” said Rikard Josefson, chief executive officer (CEO), Länsförsäkringar Bank.

“The Nordic market has been on the forefront of digital adoption driven by rich customer experience and hyper-connected local market infrastructure,” added Amit Bajaj, head, North Europe, TCS. “Our partnership with a digital leader like Länsförsäkringar Bank will create a new standard in a highly advanced Nordic market and serve as an inspiration.”

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