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Corporate Information
TCS launches TCS BaNCS™ Cloud for Asset Servicing
(24 Sep 2019) Back
Tata Consultancy Services announced the launch of the TCS BaNCS™ Cloud for Asset Servicing, which automates the servicing of all classes of assets across all markets, and is targeted at custodians, broker dealers, asset managers, and investment and private banks.

Taking advantage of greater standardization and the increased appetite for shared systems, operations and infrastructure in the asset servicing industry, TCS' new SaaS platform provides end-to-end business operations management capability, while enhancing business agility, simplifying operations and futureproofing the enterprise. lnstitutions can subscribe to one or more services across the asset servicing value chain, including Golden Copy Announcement creation, processing of income, mandatory or voluntary events. Additionally, the platform is available in a managed services model, with TCS running the operations on behalf of customers.

At the core of TCS BaNCS Cloud for Asset Servicing is the flagship TCS BaNCS for Corporate Actions product, integrated with best-in-class solutions for event feeds, tax management and proxy voting from market leading vendors, configured for optimized operating and service performance.