IT major, Tata Consultancy Services said that TCS BaNCS wins the best custody solution at the 2013 at the Global Custodian Awards for Excellence. These awards celebrate the firms that were recognized in client perception surveys conducted by the Global Custodian. TCS BaNCS for corporate actions was also a finalist in the corporate actions category, the company said in a filing to the Bombay Stock Exchange. Commenting on the award, Arun Arunachalam, said, “TCS BaNCS ensures a highly scalable processing infrastructure while managing high volumes of local as well as cross-border trades, apart from the increased diversity and complexity of financial instruments. Central to our strategy is a highly collaborative approach of multiple stakeholders, such as customers, prospects, analysts and other industry players who participate to create a product roadmap. As a result, TCS BaNCS delivers enriched connectivity to new markets, market-specific functionality and compliance to country-wise regulatory and tax reporting requirements." TCS BaNCS for securities processing / custody is positioned for custodians, banks and financial institutions. The scalability of the TCS BaNCS solution is a significant differentiator and its reporting and compliance capability is of the highest order, considering that the regulatory landscape is constantly evolving.
Thursday, 5 December 2013
Tata Consultancy - TCS BaNCS wins best custody solution at the 2013 Global Custodian Awards for Excellence
Tata Consultancy Services Ltd has informed BSE regarding a Press Release dated December 05, 2013, titled "TCS BaNCS wins best custody solution at the 2013 Global Custodian Awards for Excellence"
Wednesday, 27 November 2013
Tata Consultancy Services (TCS) said it has bagged a deal from Keler Ltd, Hungary's Central Securities Depository, reported PTI.
Under the deal, TCS will deploy the market infrastructure solution of TCS BaNCS for modernising its technology and set up its capability for T2S settlement, TCS said in a statement.
However, the financial details were not disclosed. TCS BaNCS solution will provide Keler with a modern, standards compliant, multi-asset, multi-entity solution that will enable it introduce new products and services, it added.
"We will be ushering our Depository into a unique position in the Central and Eastern European market landscape. This opens up new avenues for us as we enhance our capabilities and offerings and be on time for T2S Settlement as well," Keler CEO Gyorgy Dudas said.
TCS Vice President R Vivekanand said Hungary is an important market for the company.
"We are eager to demonstrate our market infrastructure and T2S capability there and to expand our track record in the European CSD space," Vivekanand added.
Tuesday, 26 November 2013
IT major, Tata Consultancy Services Ltd said that Keler Ltd, Hungary’s Central Securities Depository has selected the market infrastructure solution of TCS BaNCS for platform modernization and T2S settlement.
The TCS BaNCS solution will provide Keler with a modern standards complaint, multi asset, multi-entity solution that will enable Keler to quickly introduce new products and services to its market participants and engaged with its stakeholders better through faster reporting and communication, the company said in a filing to the Bombay Stock Exchange.
Commenting on the development, Keler Ltd, CEO, Gyorgy Dudas, said, “We are excited that with deployment we will be ushering our Depository into a unique position in the central and eastern European market landscape. This opens up new avenues for us as we enhance our capabilities and offerings and be on the time for T2S settlement as well.”
R. Vivekanand, Vice President, TCS, said that Hungary is an important market for the company and is eager to demonstrate its market infrastructure and T2S capability to expand the track record in the European CSD space.
Tata Consultancy - KELER Ltd.,the Hungarian CSD selects TCS BaNCS for platform modernization and T2S Settlement
Tata Consultancy Services Ltd has informed BSE regarding a Press Release dated November 26, 2013, titled "KELER Ltd.,the Hungarian CSD selects TCS BaNCS for platform modernization and T2S Settlement".
IT major, Tata Consultancy Services is likely to open its largest delivery centre at Adibatla in Hyderabad by early next fiscal, said the media report.
“Today we have over 24,000 people working here spread across multiple delivery locations in Hyderabad. We are building a new complex in Adibatla which is on 79 acres and which will have 26,000 seats. It is something early next financial year we should be able to start our operations in that facility,” Executive vice president and global head-HR Ajoyendra Mukherjee told media.
Company sources said meanwhile that the centre would be TCS’ single largest faculty at a single location, said the media.
On the recruitment process, Mukherjee said as many as 27,000 people have joined TCS so far in the current fiscal and another 23,000 are expected to join the Q3 and Q4.
The company had announced that it will hire 50,000 new people in 2013-14 fiscal, of which 25,000 are laterals.
Monday, 18 November 2013
Tata Consultancy Services Ltd has informed regarding a press release dated November 16, 2013, titled "Gujarat Chief Minister Narendra Modi inaugurates state-of-the-art 10,000-seat TCS Garima Park campus in Gandhinagar".