Myanmar’s movement toward democracy has also opened the way to the development of domestic capital markets with the promise of rapid economic growth in the near-term horizon.

KBZ Bank and AYA Bank were licensed to start their securities businesses in December 2015, just three months prior to the scheduled first day of trading on Yangon Stock Exchange (YSX). With the assistance of TCS BaNCS, KBZ Bank and AYA Bank were able set up their respective retail brokerage operations from scratch, placing them among the select few banks to participate in the historic milestone for YSX.

Read how KBZSC and AYA Trust leveraged TCS BaNCS for Securities Trading and Settlement to adapt to global capital markets practices and standards.

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