SCB - Innovation Agenda Aims to Drive Efficiency in End-to-end Processing

by TCS Financial Solutions | Case Study

Standard Chartered Bank offers banking services across Asia, Africa, Europe, the Americas, and the Middle East. The bank is present in 59 markets and serves clients in a further 85.

To further their innovation agenda, the bank decided to bring in enhancements to their data management and cloud architecture, which required the creation of a set of comprehensive APIs. To facilitate this, Standard Chartered needed to unify its implementations of TCS BaNCS for Custody and Corporate Actions platforms.

Leveraging a joint governance model, the consolidation activity was carried out flawlessly, ensuring consistent communications and alignment to the project priorities, while reacting quickly and effectively to the market volatilities and unexpected scenarios.

With 70 percentage of its markets currently operating on the new integrated platform, the project marked a major milestone in the bank’s cloud-first journey, providing a strong and scalable core banking platform, enhanced customer service, ISO 20022 support and cloud-native capabilities.

Read more on how TCS BaNCS enabled Standard Chartered Bank to take full advantage of the combined core platforms.

About TCS Financial Solutions

Our mission is to provide best of breed solutions that will drive growth, reduce costs, mitigate risk and offer a faster speed to market for our clients. With a global customer base in excess of 450 institutions operating in over 80 countries, TCS Financial Solutions delivers state-of-the-art software solutions for the banking, insurance and capital markets industries worldwide.

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