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TCS BaNCS Cloud for Asset Servicing now includes
Custody Services
Several of the world ’ s top custodians rely upon the Custody solution from TCS BaNCS .
TCS BaNCS supports a single securities back-office for institutional custody , investment banking , retail banking , and private banking for multiple asset classes , including equities , debt , and crypto assets . Currently deployed across leading financial institutions in more than 100 global markets , the solution has comprehensive functionality spread across the trade lifecycle , and is designed to incorporate global best practices , market nuances , and regulations .
Now , the entire Custody offering is available through TCS BaNCS Cloud for Asset Servicing .
With the new SaaS offering , TCS BaNCS Cloud offers custodian banks a scalable and integrated , global , and local custody platform supporting trade settlements , clearing and core custody position , in a 24x7 follow-the-sun model .
Designed with agility at its core , the layered , rule-based business architecture of TCS BaNCS can help customers configure business processes with ease . Additionally , the solution ’ s embedded intelligence can usher in advanced levels of automation in an increasingly low-touch world .
R Vivekanand , Vice-President and Head of TCS Financial Solutions , said :
“ With the pandemic accelerating the pace of cloud adoption in the financial services industry , the need for a best-in-class custody solution on the cloud , leveraging cognitive technologies , has become significant .
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