SaaS offering to streamline operations in settlement and asset servicing , deliver exceptional client service , and drive growth
“ We launched the TCS BaNCS Cloud for Asset Servicing solution last year and are pleased to announce the extension of the SaaS offering to custody and settlements .
“ Today , 8 of the top 10 custodians run on the custody solution from TCS BaNCS and in the last quarter alone , the solution was deployed at three large financial institutions . As business models change and the number of channels , users , markets and applications grow , we expect more global customers to embrace TCS BaNCS Cloud to meet their future needs .”
TCS BaNCS Cloud is a plug-and-play , pay-as-you-go , one-stop suite of SaaS products and platforms catering to the end-to-end financial services value chain . It has been adopted by banks of varying sizes across the globe for its future-ready digital architecture , functionality , business agility and operational efficiency . The TCS BaNCS Cloud application architecture ensures anytime , anywhere digital access , scalability , resilience , high performance , and compliance .
Deployed across more than 100 countries , the custody solution from TCS BaNCS is one of the largest collection of components made available through the cloud , helping firms become more agile and intelligent by leveraging the power of new and extended ecosystems . Designed on a layered architecture and a configurable rule engine , the solution comes with features like real-time processing and APIs . A continuous focus on innovation has resulted in the development of cognitive solutions such as chatbots , AI , analytics ( self-healing solutions based on predictive models ) and digital dashboards in the solution . It is also augmented by a digital information extraction toolkit that utilizes natural language processing to mine information from documents to capture corporate actions announcements and proxy voting . The solution ’ s risk-based workflows and extensive configuration capabilities ensure high levels of straight through processing , while also adhering to Securities Market Practice Group ( SMPG ) guidelines .
2019
Launched TCS BaNCS Cloud for Asset Servicing 2020
Enhanced with Custody and Settlement
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