model is another huge milestone in
KCC’s strategy to fulfill the Capital
Kuwaiti market,” said Altabtabaie.
TCS BaNCS for Market Infrastructure
and registrar solution at KCC, as part
of its first wave of modernization.
Markets Authority’s mandate for is a multi-asset class solution market development initiatives in designed for high performance the CCP program is an endorsement
Kuwait. We believe that this initiative transaction management. The solution of our ability to deliver market
will further strengthen KCC’s position supports comprehensive clearing transformation programs. We believe
as the leader of change in the membership structures, trade and that our contextual knowledge
region,” said Khaldoun Altabtabaie, position management, integrated risk of the Kuwaiti market, combined
CIO and Head of Strategy, Kuwait management, collateral management, with our strong presence in Kuwait
Clearing Company. fails management, and securities across multiple financial institutions,
lending and borrowing; in compliance provides a unique opportunity to
Infrastructure will provide KCC with with global standards and best build a financial ecosystem that is
a proven, unified clearing solution for practices. central to our Business 4.0 vision,
TCS BaNCS for Market
the cash and derivatives markets.
“In the selection of TCS and
The choice of TCS and TCS BaNCS
“KCC’s selection of TCS BaNCS for
and deliver exponential value to our
for Kuwait’s CCP initiative further customers in the region,” said
TCS BaNCS for Market strengthens TCS’ positioning as a R Vivekanand, Co-Head, TCS
Infrastructure, we have chosen transformation partner for such large Financial Solutions.
a proven solution and a global and complex initiatives. TCS had trusted partner with a longstanding earlier implemented a modern and association with KCC and the robust central securities depository
Deal-signing ceremony between
TCS Financial Solutions and
Kuwait Clearing Company.
Seen here: R Vivekanand,
Co-Head of TCS Financial Solutions,
Khaled Abdulrazzaq Alkhaled, Chairman,
Adel Y Al-Subaiee, Deputy CEO, and
Khaldoun Altabtabaie, CIO and Head of
Strategy, Kuwait Clearing Company.
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