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TCS BaNCS wins Global Custodian award for Best Custody second time in a row

TCS BaNCS for Securities Processing has won the prestigious Global Custodian award for Best Custody solution for the second consecutive year. Global Custodian had instituted these awards in 2013 to recognize the best solutions and professionals in the capital markets industry.

Commenting on the selection of TCS BaNCS for Best Custody Solution, N Ganapathy Subramaniam, President, TCS Financial Solutions said, "This is the third time that TCS BaNCS Securities Processing solution has won an award within a relatively short span of time, which is a reflection on the product's functionality and fit with the needs of custodians in the marketplace. We thank our customers who are constantly encouraging us to expand our capability and footprint to address a wide variety of customer needs."

Janet Du Chenne, Executive Editor of Global Custodian, said, "TCS BaNCS for Securities Processing stood out with robust processing capability with the ease of real-time settlement. Further the product was distinguished with its integrated corporate actions and cash processing capability and ability to manage Risk and Compliance."