TCS BaNCS Corporate Actions automates the complex processes of corporate action administration for custodians, asset managers, broker-dealers and depositories, for both large and small organizations. The Web-based, multilingual, multientity, end-to-end solution eliminates the time-consuming and manual efforts associated with corporate action processing and increases STP rates, which in turn reduces risk and lowers costs. Compliant with global market practices, the TCS BaNCS solution covers all corporate action types and seamlessly integrates with all enterprise back-office and custodian systems in the most complex environments.
The solution captures corporate action data from numerous sources, and then automatically validates and sanitizes the data based on user-defined rules. Corporate action data intelligently propagates further to various stakeholders during the entire life cycle, across preferred client communication channels. Users and administrators minimize operational risk, reduce day-to-day errors and assure optimal utilization of resources with the solution’s comprehensive operations dashboard.
TCS BaNCS Corporate Actions empowers leading institutions in over 40 mature and emerging markets. Configurable to support unique processes, back-office systems, and market requirements, it can be deployed across multiple sites of global financial institutions to serve distributed processing hubs. It supports over 90 corporate actions at very large but still completely scalable volumes. SWIFT Gold accreditation puts TCS BaNCS Corporate Actions in the forefront of products adhering to ISO15022 and SWIFTNet standards.
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