Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global IT services leader, has partnered with the Council of Europe Development Bank (CEB) to modernise its operations and enhance process efficiency. Through this collaboration, TCS will implement its flagship solution, TCS BaNCS™ for Reconciliations, to help the bank automate reconciliation processes using artificial intelligence and intelligent automation. 

The platform will enable CEB to automate its entire reconciliation workflow—from transaction matching and exception handling to investigations and reporting. It is designed to improve transparency and reduce manual workloads, offering real-time insights and faster daily reconciliations. Seamless integration with core banking systems will support better oversight and allow the automation of tasks such as file uploads, PDF statement extraction, and unmatched entry reconciliation.

Headquartered in Paris, CEB plays a pivotal role in financing social development across its 43 European member states. It supports investments in sectors like healthcare, education, and affordable housing, with a strong emphasis on serving vulnerable communities. Given its large and growing loan portfolio, the bank requires a robust system to manage complex transactions across numerous accounts—one that TCS BaNCS is well-suited to provide. 

Stefano Michelangeli, Head of Finance and Risk Systems at CEB, said: 

“The CEB has a clear mandate to enhance social development among its member countries by leveraging technology. A reliable, robust and secure reconciliations solution has been key to this vision... By improving the overall efficiency of operations, we can deliver on our larger vision of enhancing economic growth in the countries we service in line with our Strategic Framework 2023–2027.” 

 TCS BaNCS for Reconciliations is a scalable, intelligent platform tailored for financial institutions handling high volumes of transactions. It leverages AI and machine learning to deliver efficient transaction matching, exception management, and real-time analytics. Key features include a cognitive reconciliation engine, API integration, online archiving, mobile accessibility, and support for both on-premises and cloud deployments. It also ensures compliance with global standards such as SWIFT ISO 20022. 

 Venkateshwaran Srinivasan, Global Head, Financial Solutions at TCS, stated: 

“We are happy to partner with an organisation like the CEB and support its strategic goal of improving social and economic development in its member states. With the deployment of TCS BaNCS, the CEB will be able to gain significant efficiency in operations, which gives the Bank the ability to operate on a higher scale...” 

 This engagement further strengthens TCS’s presence in Europe, where it has operated for over 45 years with a workforce of more than 15,000 professionals. TCS supports over 80 major French companies across industries including banking, retail, insurance, and travel. The company has also invested in France by setting up delivery centres in Paris-Suresnes, Lille, Poitiers, and Toulouse. 

 TCS’s long-standing excellence in client service was reaffirmed in the 2025 Whitelane Research Survey, where it was ranked #1 for the 12th year in a row by over 2,300 CXOs from leading IT-spending companies in Europe.