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TCS Financial Solutions announces enhancements to its multi-asset, multi-market, multi-lingual securities trading platform for Gulf Cooperation Council (GCC) & International markets

email this aricle - TCS Financial Solutions announces enhancements to its multi-asset, multi-market, multi-lingual securities trading platform for Gulf Cooperation Council (GCC) & International markets - Mumbai - 20 April 2010 print this article - TCS Financial Solutions announces enhancements to its multi-asset, multi-market, multi-lingual securities trading platform for Gulf Cooperation Council (GCC) & International markets - Mumbai - 20 April 2010
TCS Financial Solutions, a strategic business unit of Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS) dedicated to providing business application solutions to the banking, insurance and capital markets industries, announced enhancements to its multi-asset, multi-market, multi-channel securities trading platform, TCS BaNCS, for the GCC region. Deployed at leading financial institutions across Bahrain, Muscat, Saudi Arabia, the securities trading platform will support regional trading in the GCC and international markets through direct membership or a partner-broker model.

With real-time integration between the front- and back-office products, users can view, block or release funds and securities online while enabling informed decision-making through web-based portfolio evaluation and risk management tools.

On the occasion N G Subramaniam, President, TCS Financial Solutions, said “We have played the role of a trusted technology partner to the GCC countries for many years. With the release of the multi-asset, multi-channel securities trading solution, we hope to further reinforce our commitment to deliver state-of-the-art and innovative solutions to financial institutions in the region.”

By supporting multiple channels such as the Internet, mobile, ATMs, IVR and SpeedX, this high-speed trading platform provides a superior trading experience to all customers, especially the high-net-worth (HNW) segment with real-time streaming of quotes, fast order entry and advanced tools such as charting, slicing and basket orders.

With mobile trading supported as a channel of convenience, TCS BaNCS securities mobile trading offers customers the same experience as that with a web portal. One of the most significant trends in the last few years has been the growth of the mobile phone from a simple device for voice communication to an intelligent device with flexible communication interfaces set to replace the laptop.

The TCS BaNCS mobile application empowers banks and brokerages with increased market share and enhanced customer loyalty and brand equity. It supports comprehensive order management alongside providing multiple watch lists, portfolio information and valuation data, including advanced trading functionality. Designed to run on smart phones, mainstream personal digital assistants and other mobile devices, this solution will go towards a delivering a unique customer experience.

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