On top of the customer engagements of our parent company, Tata Consultancy Services, we at TCS Financial Solutions, can also point to a portfolio of project experience that speaks volumes. TCS Financial Solutions and our customers successfully implemented 32 important engagements in FY 2007, an amazing average of one “go-live” project every 12 calendar days. In terms of experience and FSI domain knowledge, TCS Financial Solutions’ 4,200-plus professionals are unmatched in the marketplace. In this issue we visit DBS, Orbay, Citi Wealth Advisors and Clearstream and find out how TCS Financial Solutions has helped them build sustainable competitive advantages in their respective markets.

Cover Story

Clearstream Goes for Gold

Efficient announcement capture helps Clearstream meet growing demand for corporate actions data

By Manmohan Singh, Solution Head TCS BaNCS Corporate Actions, TCS Financial Solutions

In 2006, Clearstream began to evaluate a wide range of market data providers along with their products. After a thorough analysis and a highly competitive bidding process, Clearstream signed a deal with TCS Financial Solutions at the end of 2006. Deutsche Börse, Clearstream’s parent organization, was already familiar with Tata Consultancy Services through TCS’ work with subsidiaries, Xetra (the electronic trading system of the German stock exchange) and Eurex (the leading derivatives exchange and clearing house) since 2004. As such, when TCS suggested that Clearstream consider TCS BaNCS, it was a contender straight from the start. Read more.

Case Study: Orbay

In the search for a technology vendor, Orbay clearly wouldn’t benefit from a prepackaged solution that was inferior to its current systems, nor would it select an expensive replacement that would place the firm at a competitive disadvantage in a highvolume, low-margin market. Orbay needed a system that exactly replicated what it had already built over the course of 20 years, but with multilabeling, straight-through processing and favorable economics. Based on these criteria, Orbay partnered with TCS Financial Solutions, so that the venture could build exactly what it needed. Read more.

Case Study: DBS

DBS’ Securities Services division was exploring ways to expand a leading position in the custody services market by building a regional Asian franchise. To help DBS Bank achieve its business objectives, the Securities management team realised the need to achieve greater levels of efficiency and automation. The main criteria for picking a new system were product quality, implementation speed, and price. To allow DBS Bank to achieve its business goals, TCS Financial Solutions assisted DBS to integrate its next generation, SWIFTReady Gold Certified TCS BaNCS Custody solution into DBS Bank’s custody processing environment. Read more.

Case Study: Citi Wealth advisors

In its search for providers, CWA settled on three finalists, all software vendors with primary operations in India. In the end, CWA selected two interlocking systems from TCS Financial Solutions: TCS BaNCS Securities Trading for the Internet trading component and the dealer workstation, and TCS BaNCS Securities Processing for clearing and settlement on the National Stock Exchange of India and Bombay Stock Exchange. Built on the same J2EE platform, both TCS BaNCS systems connect seamlessly using a Service-Oriented Architecture technology framework, but also can operate independently as separate modules. Read more.