TCS Financial Solutions, the strategic business unit of Tata Consultancy Services (TCS), has announced that Guangdong Provincial Rural Credit Cooperative Union (GDRCC), a Chinese government owned commercial bank, has selected TCS BáNCS Core Banking solution.

GDRCC selected TCS BáNCS Core Banking solution due to its scalable architecture, proven ability in the Chinese banking sector, complete coverage of the bank's lines-of-business and ability to lower the total cost of ownership.

N Ganapathy Subramaniam, President, TCS Financial Solutions said: "TCS BáNCS Core Banking solution will provide GDRCC with the flexibility to develop innovative banking products that will meet the diverse needs of the bank's growing customer base. GDRCC selected TCS BáNCS Core Banking for its outstanding ability to reduce the total cost of integration and drive customer growth."

TCS BáNCS Core Banking solution was recently ranked China's No. 1 Core Banking Solution for 2006 by Independent Research firm IDC, a leading provider of global IT market research.