Tata Consultancy Services (TCS) has teamed up with BNP Paribas Securities Services to deliver Corporate Event Connect, an innovative block-chain-based platform, which will provide fast, accurate and secure corporate event announcements to clients around the world.
By leveraging TCS’ Quartz block-chain technology, BNP Paribas will be able to capture and store corporate action information in a structured format to ensure data accuracy and rapid dissemination to clients. The platform’s built-in security will ensure the information is tamper-proof, resistant to node failure and recoverable.
Asset servicing information, such as merger and acquisition announcements and dividend payments, will be collected through TCS BaNCSfor Corporate Actions from more than 90 markets, including 27 local official sources in BNP Paribas’ proprietary network.
Tata Consultancy Services (TCS) is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. The company offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services.
