The Canadian Depository for Securities Ltd. (CDS) hub for Canada’s depository, clearing, regulatory, and information needs has completed a major transition away from its legacy mainframe systems, provided by Tata Consultancy Services (TCS), to the TCS BaNCS platform, officials say. According to CDS officials, the just-replaced systems, “while reliable for over twenty years,” became “complex… Read More >>
FinTech Brief: TCS Platform to Replace ASX’s CHESS
The Australian Securities Exchange (ASX) has selected Tata Consultancy Services (TCS) to provide a clearing and settlement platform for the Australian market based upon TCS BaNCS for Market Infrastructure that will replace ASX’s incumbent CHESS system. The TCS BaNCS for Market Infrastructure has been designed for central securities depositories (CSDs), central counterparty clearinghouses (CCPs), exchanges,… Read More >>
JPMorgan & TCS Expand Alliance & Other SIBOS News
While SWIFT’s SIBOS conference and exhibit is known for serving many financial services sectors at once, the securities community at the weeklong event in Toronto last week had a lot to explore, including the news from JPMorgan, which added corporate actions processing support from TCS, EquiLend embracing DLT, and Duco exploring new technologies. JPMorgan Securities… Read More >>
TCS BaNCS Makes Blockchain Work for Corporate Actions
(Editor’s note: TCS BaNCS won the 2019 Best Blockchain Breakthrough of the Year award for its Quartz Blockchain solution set, which consists of four product lines: Smart Solutions, the DevKit, Gateway and Command Center. FTF News got time with R. Vivekanand, vice-president and co-head for TCS Financial Solutions at Tata Consultancy Services. For his role,… Read More >>
Voters Reward Disruptive & Established Providers via FTF Awards
NEW YORK CITY — A mix of disruptive and established technology providers have made the winner’s circle of the FTF News Technology Innovation Awards (the FTF Awards), which Financial Technologies Forum (FTF) is revealing today. For instance, for the Best Artificial Intelligence (A.I.) Initiative, the winner is Synechron while TCS BaNCS and its Quartz effort… Read More >>
