PDTC was looking for a future-proof depository system to extend its offering portfolio.
PDTC’s existing depository system was at the brink of obsolescence, specifically at the database level. To overcome this challenge, PDTC had to improve its existing IT infrastructure or migrate to a digital platform. Implementing either was crucial for PDTC to support the company’s expansion into book-entry security services for institutional and retail segments throughout the country. PDTC decided to partner with TCS BaNCS to shift operations to a comprehensive, scalable, and modular platform, allowing nationwide accessibility for multi-asset classes.
TCS BaNCS transforms PDTC’s operations through a first-of-a-kind implementation in Asia.
The transition was customized to suit the Philippines’ unique market practices. As Asia’s first comprehensive depository system, the solution supported a wide range of activities, including:
Ability to reinforce immobilized and dematerialized securities
Support for the increasing role of depositories into value-added services
Incorporation of an integrated depository system, capable of managing delivery and payment
Interface to the real-time gross settlement payment system of the Philippines’ central bank
Service and product lines supporting depository, registry, and custody on a single platform
Operational flexibility in custody and depository instances
Implementation of components in a phased method, depending on business requirements
“The choice of the TCS BaNCS platform was a critical step in our vision for the PDS Group.” -Vicente Castillo, CEO, PDS Group