TCS BaNCS for Asset Servicing from Tata Consultancy Services meets all the needs of asset servicing industry and offers more. With over three decades of development, it offers a comprehensive rules based processing engine with high rates of STP, which can seamlessly interface with any external system, via an Integration Layer or API, plus a wide range of complimentary tools and services which reside seamlessly within the product to address the operational needs, client expectations, management control and regulatory reporting requirements. It also comes with apps customized for the operational user, manager and end client, bespoke (risk) driven dashboards and a host of Artificial Intelligence features.

Reliable and Automated Asset Servicing Processing from TCS BaNCS

• TCS BaNCS for Asset Servicing, a SWIFT certified solution, is fully ISO15022, ISO20022 and DTCC20022 compliant, with automated end-to-end processing for all types of events, multiple product types, including derivatives, across all global markets.

• It supports different business lines, including custody, brokerage, investment banking, asset management, retail and private banking, all within the same implementation.

• The solution can be deployed on premise or via the TCS BaNCS Cloud through SaaS and BPaaS models.

• The solution has a rule-based workflow, with extensive configuration capabilities, encouraging high levels of STP, and following SMPG guidelines and compliance.

• Through continuous investments in the product road-map, the solution caters to future ready technology and business needs such as Blockchain, Cloud, Digital and Analytics.

• A comprehensive operations dashboard presenting metrics and alerts for critical events and work items, based on event risk, ensuring that users only act when needed and are taken to the right place to complete the task and correct the problem/issue.

• Customer servicing is achieved through a secure web based portal providing the end user with event information and updates, tracking and capturing of elections, or via an app that gives analytical data to measure pre-defined SLA performance.

• Ease of integration with other in-house, third-party systems using TCS BaNCS Service Integrator and APIs.

• Cost reduction and improved operational efficiency to ensure that processing costs are kept at minimum.

• Regulatory compliance and risk management for processing and reporting, while also being flexible to meet upcoming market changes.

• Artificial Intelligence for operational support in the areas of reading, received document.

• Machine Learning for the processing of errors and their subsequent repair.

• Client servicing via chat bots.

• Ongoing use of Analytics to help predict future processing trends

TCS BaNCS Asset Servicing– Key Highlights

• TCS BaNCS solution is the #1 Financial Technology provider across the globe, servicing clients since 1996.

• Market leader having 50+ clients including custodians, asset manager, broker dealers, insurance, market infrastructure firms.

• TCS BaNCS for Asset Servicing is a SWIFT certified solution, fully compliant to ISO15022, ISO20022 and DTCC20022

• TCS BaNCS for Asset Servicing is an award winning solution with 500+ experts in our organization.

The product is continually evolving with clients proactively contributing to the development of its roadmap, making it a solution designed by the users and for the users. In addition, TCS brings its vast technology experience and knowledge to the product to ensure its development is aligned with market trends and the solution is future proof. Therefore, from a local operation through to the largest custodian, via some of the leading household names in banking and fund management, TCS BaNCS for Asset Servicing is the right solution for your asset servicing needs and requirements. The solution deploys the latest technology to improve and enhance the processing and management of asset servicing, including Artificial Intelligence – Analytics, Machine Reading, Chat bots, Machine Learning, RPA and Digital Apps.

TCS BaNCS Cloud for Asset Servicing

by TCS - BaNCS