CorpBanca Colombia SA Investment Trust” Trust Company is a leader in the Colombian Trust Industry and is a subsidiary of Banco CorpBanca, Colombia. CorpBanca Investment Trust has the authorization of the Financial Superintendence of Colombia to implement the activities of custody of securities.
Driven by the regulation issued by the Colombian ministry of Finance, CorpBanca started looking for a system which could help meet the regulatory requirements and also communicate directly with the market entities. After a round of detailed evaluation and due-diligence, CorpBanca chose TCS BaNCS to help achieve its objectives.
The implementation was completed in two phases. The first phase covered reference data, trade settlement, announcement capture, and corporate action and web channels capabilities while phase two took care of market connectivity. The second phase covered migration of Local and Global clients.
The TCS BaNCS solution has delivered the following critical benefits to CorpBanca:
- Market Connectivity
- Governance and regulatory compliance
- Mitigated risks
- An enriched customer experience through web channels