Tata Consultancy Services (TCS) has launched TCS BaNCs Cloud for asset servicing, which automates the servicing of all classes assets across all markets.
It is targeted at custodians, broker-dealers, asset managers, and investment and private banks.
The new platform provides end-to-end business operations management capability while enhancing business agility, simplifying operations and future-proofing the enterprise.
Institutions can subscribe to one or more services across the asset servicing value chain, including Golden Copy Announcement creation, processing of income, mandatory or voluntary events.
In addition, the platform is available in a managed services model, with TCS running the operations on behalf of customers.
TCS BaNCS for corporate actions is part of the TCS BaNCS Cloud for asset servicing, designed for event feeds, tax management and proxy voting from vendors, configured for optimised operating and service performance.
It automates the processing of all types of corporate events, across product types, including derivatives, across all markets.
R Vivekanand, vice president and co-head, TCS Financial Solutions, said: “By leveraging TCS BaNCS for corporate actions, the Quartz Blockchain solution, data analytics and workflow solutions, we have put together one of the most modern platforms for capital markets firms worldwide.”
“Early adopters of our new platform, large multinational firms across different geographies, have expressed appreciation at how it helps them gain business agility and seamlessly access new product capabilities and technological innovations with minimal disruption.”
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