Northern Trust expand collaboration with TCS 07 March 2025US Reporter: Jack McRae
Image: stock.adobe.com/Mike Hans Steffl
Northern Trust has expanded its collaboration with TCS to enhance its global securities settlement platform.
The asset servicing firm will gain access to TCS BaNCS’s Global Securities Platform which will aim to create an integrated securities back office and streamline trade processing and settlements.
In addition, the platform will help to standardise settlement data and processes, the firm says.
Jennifer Driscoll, head of market operations at Northern Trust, says: “Our collaboration with TCS BaNCS strengthens our ability to support clients in navigating these evolving market dynamics, ensuring efficiency, accuracy and risk mitigation throughout the trade settlement lifecycle.”
Venkateshwaran Srinivasan, global head of financial solutions at TCS, adds: “This significant expansion of our collaboration with Northern Trust is a testament to our vision for the global securities industry, and a validation of the breadth and depth of capabilities of TCS BaNCS that have helped leading global custodians create enriched and consistent client experiences across multiple markets and asset classes.”
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Image: stock.adobe.com/Mike Hans Steffl 