cover story
together,” says Philip Van Hassel, Program Director
for Infinity at Euroclear Finland. “That senior-level
support complemented the bottom-up effort to
AT A
GLANCE
create a strong dialogue across teams, creating a
perfect understanding of what we need to build.”
All these approaches combined to bring
out better results. “This was a challenging and
ambitious program,” observes R Vivekanand,
Co-Head of TCS Financial Solutions. “For teams
on the ground working under this kind of pressure,
the important thing was knowing that the
program had ‘One Team, One Goal,’ with complete
alignment and the full support of top management
from both sides.”
“The commitment from TCS’ senior management
Company:
Euroclear Finland
was 100 percent,” remarks Vainio. “This
exceptional commitment and cooperation from
TCS, which continues today, gave us the ease to
move forward in the face of challenges that we
Headquarters: Helsinki
encountered.”
TCS worked hard to meet the high expectations
Business Challenge:
To comply with regulatory
demands while anticipating
marketplace transformation.
of Euroclear Finland. “We focused on
collaboration to achieve the desired outcome
through a combination of automation, agility, and
close attention to detail,” says R Vivekanand.
Through this collaboration, the TCS team had a
crash course in Finnish culture. “The Finnish desire
Solution:
Complete replacement of
core solutions with Infinity,
powered by TCS BaNCS.
to ‘perfect perfection itself’ was something our
teams came to understand very well,” remarks R
Vivekanand.
Coordinated go-live
The first phase of the Infinity go-live was
completed in February 2015 for fixed-income
products, covering government bills, government
bonds, corporate bonds, and other fixed income
instruments. With this implementation, Euroclear
replaced one of its main legacy platforms
with TCS BaNCS Market for Infrastructure;
consolidated all its reference data layers onto
Infinity; and established the building blocks for
the introduction of ISO 20022 standards to be
further developed in the second phase of Infinity
implementation.
The second phase of Infinity was completed in
"One Team, One Goal" in Helsinki.
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