SIX announces partnership with TCS 18 December 2023Switzerland Reporter: Jack McRae
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SIX has partnered with Tata Consultancy Services (TCS) to help modernise its post-trade platform for the Swiss market.
SIX’s mission-critical core platform was originally built by TCS in the 1990s and currently processes more than 4 million transactions per day across more than 60 global markets.
The updated platform has been streamlined to create a transformation strategy and an open systems environment, offering greater flexibility and security.
Arturo Merino, head of IT securities services at SIX, says: “We are conscious of the pressure and high expectations that we have put on TCS for the most complex project in recent years, but the TCS team has lived up to the expectations with an outstanding level of commitment. Our main goal is becoming more customer-centric and user friendly and we have achieved it with the platform upgrade.”
Uma Rijhwani, business unit head of banking, financial services and insurance– Europe Central at TCS, adds, “The new system brings the power of digital technologies to transform the Swiss post-trade market infrastructure, while providing a solid foundation for SIX’s expansion into global markets.”
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