TATA Leads Financial Institutions Into Cloud With New SaaS Platform

With a birds eye view of the technological needs of financial institutions, IT services firms such as TATA can quickly innovate and drum up software solutions to meet those needs. Such is the case with the company’s latest offering, TCS BaNCS Cloud for Asset Servicing, which automates servicing of all classes of assets across all markets, and is targeted at custodians, broker dealers, asset managers, and investment and private banks.

TCS’ new SaaS platform provides end-to-end business operations management capability, while enhancing business agility, simplifying operations and future-proofing the enterprise.

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“By leveraging TCS BaNCS for Corporate Actions, the Quartz™ Blockchain solution, data analytics and workflow solutions, we have put together one of the most modern platforms for capital markets firms worldwide. Early adopters of our new platform, large multinational firms across different geographies, have expressed appreciation at how it helps them gain business agility and seamlessly access new product capabilities and technological innovations with minimal disruption,” said R Vivekanand, Vice-President and Co-Head, TCS Financial Solutions.

TCS Financial Solutions is a strategic business unit of Tata Consultancy Services, focused on helping financial institutions across the world transform their businesses with the TCS BaNCS suite of products and platforms. Deployed by more than 450 progressive organizations worldwide, it is the largest collection of components, enterprise and consumer apps for the financial industry made available through the cloud.