MyState Limited Selects TCS BaNCS to Modernise Core Banking Following Auswide Merger

Tata Consultancy Services (TCS) has been selected by Australian financial institution MyState Limited to deploy its TCS BaNCS Global Banking Platform. The strategic technology overhaul aims to unify and streamline core banking operations following MyState Bank’s merger with Auswide Bank.

The partnership will consolidate multiple legacy banking systems, disparate data repositories, and separate customer service frameworks into a single unified operating model. By utilizing the model-bank architecture, workflow automation, and AI-enabled transformation tools of TCS BaNCS, the institution seeks to improve operational efficiency, reduce complexity, and accelerate digital product innovation.

Brett Morgan, Chief Executive Officer and Managing Director of MyState Limited, noted that the modern, AI-enabled core banking platform represents an important step in building a simpler, stronger, and more scalable bank. He emphasized that the upgrade will consolidate systems, reduce complexity, and provide a foundation for faster innovation, improved digital experiences, and continued growth across Australia.

Venkateshwaran Srinivasan, Global Head of Financial Solutions at TCS, highlighted that TCS BaNCS integrates capabilities across core banking, payments, customer engagement, relationship management, and digital operations. He noted that the modernisation will help MyState Bank improve the customer experience, strengthen operational efficiency, realize merger synergies, and build the agility required to support AI-powered operations.

The scalable platform will leverage API-led integration and configurable product frameworks to support MyState Bank’s future growth and potential future acquisitions.