Tata Consultancy Services has been a transformation partner to leading institutions in the Nordics for more than three decades. It has powered banks on their digital core transformation journeys, enabled real-time payments for one of the Swedish banks and enhanced settlements platforms for leading central securities depositories in the region. TCS BaNCS solutions are built on the Digital First, Cloud First philosophy with the outcome being a modern platform in the banking and financial industry in a digital world.

The TCS BaNCS solution comprises innovative and adaptive digital apps and a digital core richly enabled for business supporting a wide range of products and services across asset types - assets and liabilities, cash, securities, and crypto assets for a wide variety of use cases in the financial services industry. The Ingka Group, a strategic partner in IKEA's franchise system, owns the remaining 49% of the bank. Ikano Bank's head office is in Malmo and the company is registered in Almhult, where the business was once founded.