Design a no-code product configurator in TCS BaNCS that lets a bank's product team launch a new deposit product in days instead of months.

Introduction

TCS BaNCS is one of the most widely deployed core banking suites in the world, running deposits, loans and payments for large banks in India, the UK, Europe, the Middle East and Africa. Its users are not consumers but bank employees: product managers, operations teams and IT. Today, launching a new deposit product, such as a 400-day festive fixed deposit with a senior-citizen bonus, often takes a bank 8–16 weeks because parameters, interest rules, fees and accounting entries are configured through IT tickets, change requests and regression testing. The question asks me to design a no-code product configurator that lets the bank's product team launch such a product in days. I'll clarify, explain why this matters for TCS BaNCS, segment users, prioritise pain points, then propose and measure a solution.

Step 1

Clarify Questions (3 minutes)

• Which products are in scope: deposits only, or loans and cards too?

• Hypothetical answer: Retail deposits first (savings variants, fixed and recurring deposits).
• Impact: Rules are simpler than loans, which makes a good MVP.

• Which banks: new cloud-native BaNCS clients or large existing installations?

• Hypothetical answer: Both, but MVP for banks on recent BaNCS versions.
• Impact: We can assume a modern product-factory layer and APIs.

• Who must approve a new product before launch?

• Hypothetical answer: Product owner, finance (pricing and ALM), compliance (regulatory rules such as deposit insurance disclosures), and IT operations.
• Impact: Approvals must be built into the flow.

• What does "in days" mean?

• Hypothetical answer: From approved idea to live product in under 5 working days for standard variants.
• Impact: Our north star is time-to-launch.

Propose the Goal

Let a bank's product team design, simulate, approve and launch a standard deposit product inside TCS BaNCS within five working days, with no code and with full audit trails for risk and compliance.

Define the Scope

In scope: deposit product templates, interest and fee rules, eligibility, simulation, maker-checker approval, publishing to channels. Out of scope: entirely new product classes, pricing analytics and marketing campaign tools.