TCS BaNCS Unveils Next-Generation Treasury Solution; HDFC Bank to harness integrated platform for greater efficiency

Mumbai - 31 May 2011

Tata Consultancy Services (TCS), (BSE: 523540, NSE: TCS), a leading IT services, consulting and business solutions organization, announced the launch of TCS BaNCS Treasury 5.0, an enriched version that is set to redefine the standards of transaction processing systems. HDFC Bank, the second-largest private sector bank in India, is one of the early adopters of TCS BaNCS Treasury 5.0. (HDFC Bank was judged “the strongest bank in Asia-Pacific” by The Asian Banker).

NG Subramaniam, President, TCS Financial Solutions, said, “Our relationship with HDFC Bank is a testimony of our commitment to our customers, where our solutions help them transform their businesses. TCS BaNCS Treasury enables banks like HDFC Bank to complement their treasury business with a functionally rich, robust and state-of-the-art technology platform for an agile financial supply chain. We take extreme pride in launching our next-generation treasury solution across the globe.”

Harish Shetty, Executive Vice President, IT, HDFC Bank, said, “As a technology-savvy bank, we constantly upgrade our systems and look for innovative solutions. Our long-standing association with TCS and TCS BaNCS Treasury assures us of TCS’ delivery capabilities, while the new version of the solution strengthens our vision of leveraging the latest technology to enhance our offering to our customers.”

TCS BaNCS Treasury 5.0 is an integrated, multi-entity, multi-currency treasury solution that supports front-, mid- and back-offices. It incorporates innovative functional enhancements across foreign exchanges, money markets, fixed income, equities and derivative asset classes. Its powerful and comprehensive functionality, with rich risk analytics, enables institutions to move from country- and asset-class-wise systems to a single platform aimed at proactively managing and monitoring organizational risk exposures.

As a comprehensive treasury solution, it enables Straight-Through-Processing (STP) and offers rich analytical functionality. It further helps organizations identify the source of risk through innovative desk-book folders and risk transfer mechanisms. Architected on a robust, state-of-the-art Java EE and SOA-enabled architecture, it facilitates rapid enterprise integration.

With this next-generation treasury solution, financial services institutions can transform, modernize and consolidate their treasury operations through a single installation. Pre- and post-deal analytics features provide the necessary decision-support making functionality while extensive market curve sourcing, the generation and creation of synthetics, multiple fitment routines and the rules-driven mark-to-market engines enable proactive risk management. With path-breaking “personalized single workspace”, “quick deal” and “smart query” features, the user experience is elevated to the next level, making it truly next generation.

TCS BaNCS Treasury 5.0 is platform-independent and has the facility to house multiple treasury units under one installation. Its quicker go-to-market capabilities, using standardized implementation methodology, ensure significant benefits to total cost of ownership.

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