Dynamic markets, an ever-changing regulatory environment, exceeding customer demands and the globalization of securities investments are some of the critical challenges faced by financial institutions today. With the pressure to revitalize and transform operations and to expand its leading position in custody services, the Bank of New York Mellon (BNYM) securities management team realized the need for greater levels of efficiency and automation in its services. The main criteria for selecting a new IT solutions partner were product quality, scalability, implementation speed, and costs. Corporate Actions solution from TCS BaNCS was chosen this would help BNYM convert corporate actions processing from a manual, back-office activity into an efficient straight-through process.