Date: October 14, 2026
Operational / Strategic Disclosures
Tata Consultancy Services (TCS) has been selected by MyState Limited, an Australian financial institution, to deploy its TCS BaNCS™ Global Banking Platform for core banking transformation. The implementation will support the consolidated brand following the merger of MyState Bank with Auswide Bank.
The partnership aims to consolidate multiple banking systems, business processes, data repositories, and customer servicing capabilities into a single operating model. The transformation will leverage TCS BaNCS Global Banking Platform's model-bank architecture, configurable product framework, workflow automation capabilities, API-led integration approach, and AI-based transformation tools.
Key objectives of the implementation include:
- Streamlining operations and reducing complexity
- Supporting post-merger integration
- Enhancing digital banking customer experience
- Enabling faster innovation and continued growth
- Supporting future acquisitions and scalability
- Delivering more personalized, responsive, and reliable banking services
Brett Morgan, Chief Executive Officer and Managing Director of MyState Limited, stated: "The decision to implement a modern, AI-enabled core banking platform is an important step in building a simpler, stronger and more scalable bank for our customers and our people."
Venkateshwaran Srinivasan, Global Head of Financial Solutions at TCS, commented: "This modernisation will help MyState Bank improve customer experience, strengthen operational efficiency, realize merger synergies, and accelerate growth. The transformation will help build agility and scalability needed to support AI-powered operations."
The press release was filed with the National Stock Exchange of India Limited and BSE Limited as a regulatory disclosure.