IDBI Bank’s financial services arm, IDBI Capital Market Services (IDBI Capital) has gone operational with the securities trading and processing solution from TCS BaNCS for its online brokerage business. TCS BaNCS implemented its digital trading and processing platform at IDBI Capital, enabling it to expand business by offering new products, enhancing operational efficiency and improving risk management.
TCS BaNCS replaced multiple trading and trade processing platforms at IDBI Capital with a single, front-to-back office brokerage platform. The new solution has enabled digital trading functionality over the internet and mobile channels for retail clients. The solution is channel agnostic, allows for trading across asset classes and facilitates a central view of orders placed across different types of channels.
