Tata Consultancy Services has launched TCS BaNCS Treasury 5.0, an enriched version that is set to redefine standards of transaction processing systems. HDFC Bank is one of the early adopters of TCS BaNCS Treasury 5.0.
N. Ganapathy 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 business. 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 capability, 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, which 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.
