TCS Financial Solutions, has been selected as technology partner by Clearstream Services S.A. to support the development of the IT infrastructure for Link Up Markets.
While acting as operator for Link Up Markets, Clearstream Services S.A. will use the TCS BaNCS product suite (Service Integrator and Corporate Actions) for transforming and routing transactions and assuring the efficient exchange of information between the participating central securities depositories (CSDs). The solution will enable seamless integration among the CSDs, shielding them from differences in communication protocols and proprietary message standards. As a result the solution can be implemented swiftly, offering minimal adaptations for the participating CSDs.
Michael Jaeggi, Member of the Executive Board of Clearstream Services S.A., said, "Link Up Markets is an innovative joint venture for which time to market is crucial. We find a strong partner in TCS Financial Solutions because they possess a truly wide set of proven products and share a good track record of working together." Yves Baguet, Member of the Executive Board of Clearstream Services S.A., said: "We are confident that the combination of the TCS BaNCS product running on Clearstream's state of the art IT technical infrastructure that we operate is a powerful asset for Link Up Markets."
"Improving the efficiency of cross-border services, and reducing the costs of post-trade processing in Europe is an exciting challenge for all stakeholders", said N. Ganapathy Subramaniam, President, TCS Financial Solutions. "Our team is proud to assist customers like Clearstream Services S.A. to develop strong partnerships between Central Securities Depository markets throughout Europe."
TCS BaNCS Service Integrator is a flexible and extensible java based integration platform that enables seamless integration among various applications, TCS BaNCS and Standard Messaging Networks and market data feeds. The solution supports integration through Messages, Files and Web Services over the industry standard protocols providing high STP rates for high volume trading. The solution has inbuilt configuration-driven readymade adaptors to integrate with Networks such as SWIFT, FIX and Feeds such as Reuters and Bloomberg, thus saving time and cost and reducing risks.
TCS BaNCS Corporate Actions is an industry-leading solution that enables enterprise-wide corporate actions automation. It takes control of the entire lifecycle of corporate actions processing thus mitigating operational risks and improving overall efficiency with high levels of STP and effective workflow management. It implements a common processing framework supporting a full range of event types, and has a comprehensive operations dashboard, presenting various operation metrics and alerts for critical events and breaks.
Showing posts with label TCS Financial Solutions. Show all posts
Showing posts with label TCS Financial Solutions. Show all posts
Thursday, 18 September 2008
Wednesday, 10 September 2008
TCS FInancial Launches Core Banking 10
TCS Financial Solutions, the strategic business unit of Tata Consultancy Services has launched of TCS BαNCS Core Banking version 10.
Utilizing sophisticated integration methodologies, techniques and tools, TCS BαNCS Core Banking version 10 also presents innovative functional enhancements in the areas of Lending, Deposits, Islamic banking, Origination, Preferential Pricing, Securitization, Trade Finance and Treasury. This advanced solution is further enriched with the addition of business rule driven TCS BαNCS Origination product. These enhancements are deployable in support of all TCS clients’ Universal Banking requirements including Retail, Corporate, Private and Islamic Banking.
“The fast pace of business change is forcing a technology evolution in the back office. Advanced core solutions that deploy a services-oriented, component-based architecture enable business agility.” said Don Free, Research Director, Gartner.
"TCS BαNCS Core Banking version 10’s powerful and comprehensive functionality will enable our clients to leverage seamless Business Process integration capabilities across all Channels and underlying systems,” said N. Ganapathy Subramaniam, President, TCS Financial Solutions. “With the benefit of advanced Service-Oriented Architecture, this version can drive any bank’s efforts to transform operations, enhance customer service levels, drive new product development, enable targeted revenue growth and also achieve lower total cost of ownership.”
Designed for the Web 2.0 paradigm TCS BαNCS Core Banking version 10 enables financial institutions to drive transformation, modernize their processes and workflows with its powerful and state of art Service-Oriented Architecture. TCS BαNCS Core Banking version 10 exposes functionality through Web services that can be seamlessly integrated with in-house legacy systems. The system also supports business process orchestration using industry standard middleware products. TCS BαNCS Channels offers multiple touch points providing a consistent user experience across multiple channels such as branch outlet, self service via the web, and call center, to interactive voice response and mobile banking.
TCS BαNCS Core Banking version 10 delivers a 360° view of the customer's relationship with the bank. To improve customer service and cross-selling opportunities this view encompasses all facilities, accounts, applications and contacts. This is enriched further by a full record of every relationship that a customer has across all lines of business.
Utilizing sophisticated integration methodologies, techniques and tools, TCS BαNCS Core Banking version 10 also presents innovative functional enhancements in the areas of Lending, Deposits, Islamic banking, Origination, Preferential Pricing, Securitization, Trade Finance and Treasury. This advanced solution is further enriched with the addition of business rule driven TCS BαNCS Origination product. These enhancements are deployable in support of all TCS clients’ Universal Banking requirements including Retail, Corporate, Private and Islamic Banking.
“The fast pace of business change is forcing a technology evolution in the back office. Advanced core solutions that deploy a services-oriented, component-based architecture enable business agility.” said Don Free, Research Director, Gartner.
"TCS BαNCS Core Banking version 10’s powerful and comprehensive functionality will enable our clients to leverage seamless Business Process integration capabilities across all Channels and underlying systems,” said N. Ganapathy Subramaniam, President, TCS Financial Solutions. “With the benefit of advanced Service-Oriented Architecture, this version can drive any bank’s efforts to transform operations, enhance customer service levels, drive new product development, enable targeted revenue growth and also achieve lower total cost of ownership.”
Designed for the Web 2.0 paradigm TCS BαNCS Core Banking version 10 enables financial institutions to drive transformation, modernize their processes and workflows with its powerful and state of art Service-Oriented Architecture. TCS BαNCS Core Banking version 10 exposes functionality through Web services that can be seamlessly integrated with in-house legacy systems. The system also supports business process orchestration using industry standard middleware products. TCS BαNCS Channels offers multiple touch points providing a consistent user experience across multiple channels such as branch outlet, self service via the web, and call center, to interactive voice response and mobile banking.
TCS BαNCS Core Banking version 10 delivers a 360° view of the customer's relationship with the bank. To improve customer service and cross-selling opportunities this view encompasses all facilities, accounts, applications and contacts. This is enriched further by a full record of every relationship that a customer has across all lines of business.
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