TCS BaNCS Securities Processing Platform
At SIBOS 2011, Toronto Tata Consultancy Services (TCS) has announced Nedbank Investor Services in South Africa has implemented TCS BaNCS Securities Processing to harness a series of benefits around Compliance, Transaction processing and Operational efficiency.
TCS BaNCS Securities Processing is now the central solution platform for performing all the services across different product sets like equity, bonds, money market issuance and settlement. As a result of this implementation, Nedbank now has increased compliance capability with rules and regulations across markets, enhanced Straight-Through-Processing across all functional areas and markets with minimal user intervention, and achieved economies of scale through reduced system and operational costs.
Louise Currie, GM, Nedbank Investor Services said, "We were expecting quantum benefits through this replacement of our legacy solutions and TCS BaNCS has delivered, on time and within budget. The flexibility and richness of TCS BaNCS has truly surpassed our expectations, and we will dramatically raise the bar in serving our customers in a variety of ways most notably offering them real-time information throughout the transaction cycle."
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