Current Challenges: Increased and aggressive competition, security threats to sensitive customer and business data, margin pressures
What TCS provides: A broad range of solutions that help card issuers, transaction processing agencies, credit bureaus, large merchants and payment networks implement strategies and solutions that improve process efficiencies, simplify transactions, speed up time-to-market for products and reduce risks.
Current Challenges: Deploying the right technology architecture, applications and policies that allow banks to operate as seamlessly connected and integrated enterprises
What TCS provides: Comprehensive, custom strategies that align a bank’s business needs and result in increased productivity, real-time processing and synchronized processes
Depository / Registry
Current Challenges: The huge rise in cross-border and online trading, supporting diverse portfolio of instruments and processing huge volumes
What TCS provides: Domain knowledge in the securities industry and vast IT expertise that helps customers reduce operational risk, enhance efficiencies and build real-time depository/registry solutions to increase reliability and efficiency in multi-currency, cross-border operations
Current Challenges: Increased globalization of portfolios, diversity in financial instruments and growth in offshore fund markets
What TCS provides: Strategies for global custodians and custody departments to support operations, manage complex processing requirements, reduce risks, successfully adapt to market demands, rationalize diverse platforms, build common infrastructure and centralize processes
Current Challenges: Financial instruments are getting increasingly complex, transaction volumes are escalating exponentially, changing maket conditions warrant flexible reconciliations operations and reducing IT budget makes it difficult to manage a large workforce with significant overheads to process transactions at the desired service level.
What TCS Provides: TCS Aspire Service helps you eliminate limitations of your reconciliations and investigations operation in the fastest possible time. It delivers a scalable, industry-leading “Center of Excellence” for the matching, investigation and reconciliation of core and client-specific financial transactions.
For more details, visit Reconciliations - TCS Aspire Service.
Current Challenges: Mergers and acquisitions, increased competition, new regulatory requirements, optimizing sales and fulfillment processes, managing distribution channels and streamlining operations to acquire, satisfy and, thereby, retain customers
What TCS provides: Comprehensive strategies for creating reliable systems that improve operational efficiency and meet business goals effectively
Current Challenges: Low margins, workflow disconnects, data redundancies, complying with mandated regulations such as Basel II and incorporating frameworks like Straight Through Processing (STP), etc. To be able to work round-the-clock in such demanding environments, investment banks have made technology an integral part of their strategic initiatives.
What TCS provides: Comprehensive strategies for round-the-clock, efficient management of core functions including brokerage, asset management and wealth management while managing risks and regulatory compliances
Risk & compliance
Current Challenges: Mergers and acquisitions, increasing focus on regulatory norms such as Basel II, Sarbanes-Oxley, Solvency II and spiraling compliance costs, inadequate and inconsistent controls and accountability, data quality and data integration, integrated GRC fragmented risk infrastructure and model risk.
What TCS provides: A broad range of solutions and services to address regulatory compliance such as Basel II, risk infrastructure upgrades (risk warehouse), GRC requirements, model building/validation and other risk management related areas
For more details, visit Risk Management – TCS Basel II Implementation framework.
Current Challenges: Introduction of new instruments, greater volumes of cross-border trading, market manipulation, erroneous reporting and illegal trading practices
What TCS provides: Real-time solutions for monitoring transactions while assessing and reducing risks, the ability to anticipate abnormal trading behaviors and take steps to prevent further market abuse and comprehensive strategies for risk mitigation
Current Challenges: Increased pressure to deliver increasingly sophisticated services to meet corporate client expectations, high demand for comprehensive corporate product and account management
What TCS provides: Comprehensive strategies and solutions that provide a unified multi-channel view of corporate customers and automation of processes to increase profitability and improve customer satisfaction
Current Challenges: Increasing numbers of clients with high expectations of financial advisors’ roles and client relationships
What TCS provides: Tools for greater CRM, including real-time access to integrated client information throughout the advisory relationship
Exchanges / Trading / Broker – Dealer
Current Challenges: Trans-national markets and global exchanges that demand fast, accurate processing of high transaction volumes, delivering superior customer service
What TCS provides: Mission-critical, flexible, scalable trading solutions that support multiple channels and that span across equities, derivatives, commodities, forex and fixed income instruments, covering different types of trading methodologies, resulting in increased agility and transparency in trading environments
Clearing / CCP
Current Challenges: Consolidation, cross-border trading, and multi-channel access; extended trading hours and shortened settlement cycles to meet increased trading volumes
What TCS provides: Secure platforms that support multiple settlement models and payment methods, resulting in real-time connectivity and computation, effective risk management and improved operational efficiency