Societe Generale Securities Services (SGSS) was looking for a platform that met its strategic objectives of providing standardized corporate actions processing and cash management services, and consistent customer experiences across their multiple locations in Europe. It selected the Corporate Actions and Account Management components of TCS BaNCS to build an integrated, innovative platform to deliver real-time customer experience across the custody lifecycle.
The new platform is one of Europe’s first real-time and true multi-entity, unified platforms for corporate actions and securities-based cash operations. It has enabled a hub and spoke model, where the core processing is carried out in a highly automated fashion in the central hub, while the spokes are client facing and local. Find out how TCS BaNCS for Corporate Actions enabled SGSS to handle processing across custody and investment banking on the same platform and enhance cash payment services via exhaustive real-time position keeping and liquidity management.