Zug, Switzerland and Mumbai, India, January 12, 2023 – Bitcoin Suisse has partnered with Tata Consultancy Services (TCS) to build a next-generation crypto-financial technology platform. TCS is a global leader in IT services, consulting, and business solutions with a proven track record in the provision of core banking systems through its flagship product suite, TCS BaNCS™. The collaboration focuses on scaling and automating Bitcoin Suisse’s core business to prepare for continued strong demand from both private and institutional clients.
Bitcoin Suisse has integrated TCS BaNCS’ core banking solution to help transform and scale its crypto-financial technology platform and to further develop its native offering of digital assets. The long-term solution covers all core functions, including account and product management, booking engine and accounting, as well as compliance including reporting and risk monitoring. It enables Bitcoin Suisse to continue to deliver a state-of-the-art client experience by scaling and automating key processes, especially towards institutional client segments.
Dr. Dirk Klee, CEO of Bitcoin Suisse, stated: “At Bitcoin Suisse, our priority is to create value for our clients by constantly innovating and exploring new technologies, services, and products. The launch of this state-of-the-art technology platform from TCS BaNCS sets the foundation to further establish Bitcoin Suisse as a leading crypto-financial services provider. With TCS, we have teamed up with a global partner who understands digital assets and the specific needs of this industry. This unique cooperation allows us to deliver a core part of our business model in a highly scalable and secure fashion – thereby catering especially to our rapidly growing institutional client base.”
Peter Camenzind, COO of Bitcoin Suisse, added: “This project was an exemplary team effort by both companies, and I am extremely proud that we have successfully launched this one-of- a-kind crypto compatible core banking system. We chose TCS based on their long-standing and reliable track record, as well as the compatibility of the solution with our high requirements for quality, regulatory reporting needs, and the growing complexity of our business. We are looking forward to our further collaboration and intend to design further solutions combining crypto- offering and financial technology to create future growth opportunities.”
Venkateshwaran Srinivasan, Global Head – Financial Solutions TCS, said: “We are delighted that Bitcoin Suisse, a pioneer in crypto-financial services and technology, has gone live with TCS BaNCS as part of their growth and transformation journey. This deployment is a testimony to the leading-edge investments we have been making in TCS BaNCS to make our solutions future-ready.”
