Tata Consultancy Services (TCS) consulting and business solutions organization has announced that Ahli Bank QSC (Qatar) has selected TCS BaNCS Universal Banking for its brokerage operations in Qatar.
Ahli Bank is part of the Ahli United Bank group headquartered in Bahrain, and present in seven countries, viz. Bahrain, Qatar, Kuwait, Egypt, Oman, Iraq and the UK. This follows the recent announcement by Qatar Exchange allowing Qatari banks to make inroads into brokerage operations by establishing their own subsidiaries.
N. Ganapathy Subramaniam, President, TCS Financial Solutions, said, "TCS BaNCS is a multi-channel, multi-asset class, integrated platform that caters to the brokerage needs of our customers in a comprehensive manner. With Ahli Bank selecting us for its brokerage operations and to extend its footprint into new markets, it is a reiteration of the long-standing commitment and partnership we have had with our customers in the Middle East for over a decade now."
TCS BaNCS Universal Banking, at Ahli Brokerage, is a robust, unified platform, which will support trading on the Qatar Exchange across multiple channels, asset classes and currencies. Enriched with algorithmic trading and institutional workflows, the solution will serve institutional customers more efficiently. Integrated with the core banking system existing in the bank, the solution will also enable Straight-Through-Processing and risk management enabling a rich customer experience.
