TCS BaNCS will help streamline ABN AMRO Clearing’s operations across multiple markets and regions, enhance efficiency and reduce maintenance costs.
The deployment of the integrated Custody, Cash and Corporate Actions solution will be accomplished within the next 14 months, said TCS Financial Solutions.
ABN AMRO Clearing global chief information officer Andrej Bolkovic said this project will significantly lower their maintenance and IT-related costs.
"TCS BaNCS not only meets our needs from a functionality perspective but also supports and enhances our operation’s capabilities in a rapid and ever changing business environment," Bolkovic said.