Mumbai, Dec. 19 -- Tata Consultancy Services (TCS) has announced a major artificial intelligence (AI) upgrade to its flagship TCS BaNCS platform, launching a new AI core designed to help banks and securities firms accelerate innovation while maintaining strong governance and risk controls.

The new capability, called TCS BaNCS AI Compass, integrates machine learning, deep learning, generative AI, and pre-built intelligent agents to enable financial institutions to embed AI across core operations.

According to a company statement Friday, the solution is aimed at decision-makers overseeing technology and digital transformation in banking, securities, and wealth management businesses

The IT services company said the AI Compass has been bui...