When the pandemic broke out, the team behind TCS BaNCS for Securities Trading faced challenges in the form of unprecedented regulatory changes in margin trading & funding, margin framework, stamp-duty, pledge/un-pledge implementation and more. There was also a need for managing the large volumes, with a quick turn-around, due to huge market volatilities.
The team swiftly reacted to the situation by enabling work from home over the SBWS initiative and ensured that the existing client platforms supported the 40 – 70% surge in their volumes without any downtime. The team was able to roll-out the enhancements to support the regulatory changes within the given timelines.
In addition, the team went live at three new customer organizations -from India, USA and Singapore and flawlessly executed major implementation programs for existing clients, including remote cloud deployments.