TCS expands partnership with Africa's Standard Bank Group for security settlement operations
The Indian IT major will use their TCS BaNCS Global Securities Processing Platform for centralising and standardising operations in over 15 markets of Standard Bank Group (SBG), the company said in a statement.
)
04:05 PM IST
Tata Consultancy Services (TCS) on Monday said it has expanded partnership with Africa's Standard Bank Group for security settlement operations.
The Indian IT major will use their TCS BaNCS Global Securities Processing Platform for centralising and standardising operations in over 15 markets of Standard Bank Group (SBG), the company said in a statement.
TCS BaNCS Global Securities Processing Platform is a SWIFT-certified single consolidated solution to help both buy-side and sell-side firms implement robust, error-proof trade processing, clearing and settlement, custody, portfolio accounting, and corporate actions administration, as per the company.
The platform has been deployed in seven markets while the rest will be covered by March 2024, the statement said.
"With this rollout, SBG will be able to offer a consistent experience and service level across markets and enable enhanced data strategies," TCS Global Head for Financial Solutions Venkateshwaran Srinivasan said.
We selected the TCS BaNCS Global Securities Platform to transform our custody and settlement operations to offer a unified, consistent, and reliable experience to our customers, SBG Head for Investor Services Rajesh Ramsundhar said.
Catch the latest stock market updates here. For all other news related to business, politics, tech, sports, and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
TCS becomes 2nd global IT services firm to cross $20 billion in brand value
Indian-origin tech firms corner 1/5th of H1B visas issued by US
TCS invests over Rs 72 crore to bolster innovation in South America with a new 10-year partnership
TCS launches new Internet of Things engineering lab in the US
TCS Dividend 2024 Record Date: IT major may recommend final dividend soon | TCS Q4 Results FY 2024 Date
