-223.90 (-6.95%) Tata Consultancy Services’ (TCS) core banking software suite -- TCS BaNCS for Custody has been selected by Chinatrust Commercial Bank (CTBC) Taiwan to transform operations and enhance customer experience. CTBC, a leading securities services provider in Taiwan with over $550 billion assets under custody, has selected TCS BaNCS to consolidate a fragmented IT landscape and transform its legacy systems to a modern platform. TCS BaNCS’ multi-entity, currency and-market capabilities spanning the complete value chain for settlements, asset servicing, cash, and pricing services on a single platform. This will help CTBC standardize and integrate operations between its Taiwan and Hong Kong businesses, thereby laying a strong and sustainable foundation for future growth and expansion.
TCS 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.