Tata Consultancy Services announced that it has extended its TCS BaNCS Cloud for Asset Servicing offering to include custody services.
TCS' custody offering supports a single securities back-office for institutional custody, investment banking, retail and private banking for multiple asset classes, including equities, debt, and crypto assets. Currently deployed across leading financial institutions in more than 100 global markets, the solution has comprehensive functionality spread across the trade lifecycle and is designed to incorporate global best practices, market nuances and regulations.
With the SaaS offering, TCS BaNCS Cloud now offers customers a scalable and integrated, global and local custody platform supporting trade settlements, clearing and core custody position, in a 24x7 follow the sun model. Designed with agility at its core, its layered, rule-based business architecture can help customers configure business processes with ease.
Additionally, the solution's embedded intelligence can usher in advanced levels of automation in an increasingly low touch world.
TCS BaNCS Cloud is a plug-and-play, pay-as-you-go, one-stop suite of SaaS products and platforms catering to the end-to-end financial services value chain. It has been adopted by banks of varying sizes across the globe for its future-ready digital architecture, functionality, business agility and operational efficiency. The TCS BaNCS Cloud application architecture ensures anytime, anywhere digital access, scalability, resilience, high performance, and compliance.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU