06-Jun-2020Today's Market Indicators

TCS launches TCS BaNCS™ Cloud for Asset Servicing
(12:15, 24 Sep 2019)
Tata Consultancy Services announced the launch of the TCSBaNCS™ Cloud for Asset Servicing, which automates the servicing of all classes of assets across all markets, and is targeted at custodians, broker dealers, asset managers, and investment and private banks.

Taking advantage of greater standardization and the increased appetite for shared systems, operations andinfrastructure in the asset servicing industry, TCS' new SaaS platform provides end-to-end businessoperations management capability, while enhancing business agility, simplifying operations and futureproofingthe enterprise. lnstitutions can subscribe to one or more services across the asset servicing valuechain, including Golden Copy Announcement creation, processing of income, mandatory or voluntaryevents. Additionally, the platform is available in a managed services model, with TCS running the operationson behalf of customers.

At the core of TCS BaNCS Cloud for Asset Servicing is the flagship TCS BaNCS for Corporate Actions product,integrated with best-in-class solutions for event feeds, tax management and proxy voting from marketleading vendors, configured for optimized operating and service performance.

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