9.60 (0.30%) Euroclear Finland, the central securities depository (CSD) for the Finnish capital markets, has launched ‘Infinity’, a multi-year programme powered by TCS BaNCS for market infrastructure. Infinity’s processing capabilities for fixed-income was recently unveiled, following a 22 month implementation of this first phase. The next phases will be rolled out in the course of 2016 and the processing environment will also feature a new central register as well as equity processing capabilities.
TCS BaNCS was chosen in 2013 for its established track record in modernising core infrastructure at leading CSDs worldwide and for its T2S expertise. Through Infinity, TCS BaNCS has provided Euroclear with a single, consolidated platform for depository, registry and corporate actions functions, thereby, enabling simplified business operations.
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. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services.