Tata Consultancy Services (TCS) a leading IT services, consulting and business solutions organisation, announced today that its client, Standard Chartered Bank, a leading international bank, and TCS BaNCS have won The Asian Banker's prestigious Best Trading Back Office Project Award.
NG Subramaniam, President, TCS Financial Solutions commented: "We are very pleased to be awarded the Best Trading Back Office Project Award with our leading client, Standard Chartered Bank. Our team is determined to provide outstanding capital markets, banking and insurance software solutions for our growing list of clients across the globe. This award highlights our commitment to Standard Chartered Bank as well as Asia's thriving capital markets sector. This project has been a great team effort. I would like to congratulate all stakeholders involved in this outstanding implementation."
The TCS BaNCS Corporate Actions solution features flexible, parameterised maintenance functions, granular processing at the security and market level through structured business rules. In addition, the solution provides access to multiple corporate action feeds and reduces manual intervention to ensure data integrity.
The solution is instrumental in strengthening automation and thereby assists to reduce manual operations. This award-winning project enabled Standard Chartered Bank to process corporate actions across various markets over a single unified 24/7 platform.
