Tata Consultancy Services (TCS) has launched the TCS BaNCS Cloud for Asset Servicing, which automates the servicing of all classes of assets across all markets, and is targeted at custodians, broker dealers, asset managers, and investment and private banks.
Taking advantage of greater standardization and the increased appetite for shared systems, operations and infrastructure in the asset servicing industry, the company’s new SaaS platform provides end-to-end business operations management capability, while enhancing business agility, simplifying operations and future proofing the enterprise. Institutions can subscribe to one or more services across the asset servicing value chain, including Golden Copy Announcement creation, processing of income, mandatory or voluntary events. Additionally, the platform is available in a managed services model, with TCS running the operations on behalf of customers.
Tata Consultancy Services is an IT services, consulting and business solutions provider that has been partnering with the world’s largest businesses in their transformation journeys for the last fifty years.
