Skip to main content
Skip to footer
Click here or press enter to go to homepage Click here or press enter to go to homepage
  • What we do
  • Who we are
  • Insights
  • Careers
  • Newsroom
  • Investors
Contact us
TCS Worldwide
tata.com logotata.com logoOpen in New Tab
  • Overview Press tab for submenu items

    TCS is here to make a difference through technology.

    Leading the way in innovation for over 55 years, we build greater futures for businesses across multiple industries and 55 countries.

    Discover all solutions
  • Industries
    • Banking
    • Capital Markets
    • Consumer Packaged Goods and Distribution
    • Communications, Media, and Information Services
    • Education
    • Energy, Resources, and Utilities
    • Healthcare
    • High Tech
    • Insurance
    • Life Sciences
    • Manufacturing
    • Public Services
    • Retail
    • Travel and Logistics
  • Services
    • Artificial Intelligence
    • Cloud
    • Cognitive Business Operations
    • Consulting
    • Cybersecurity
    • Data and Analytics
    • Enterprise Solutions
    • IoT and Digital Engineering
    • Network Solutions and Services
    • TCS Interactive
    • Sustainability Services
  • Products and Platforms
    • TCS ADD™
    • TCS BANCS™
    • TCS BFSI Platforms
    • TCS CHROMA™
    • TCS Customer Intelligence & Insights™
    • TCS ERP on Cloud
    • ignio™
    • TCS iON™
    • TCS HOBS™
    • TCS Intelligent Urban Exchange™
    • TCS OmniStore™
    • TCS Optumera™
    • TCS Tap™
    • Quartz™ – The Smart Ledgers™
    • TCS TwinX™
    • TCS MasterCraft™
    • Jile™
    • TCS DigiBOLT™
Overview
  • Industries expand here
    • Banking
    • Capital Markets
    • Consumer Packaged Goods and Distribution
    • Communications, Media, and Information Services
    • Education
    • Energy, Resources, and Utilities
    • Healthcare
    • High Tech
    • Insurance
    • Life Sciences
    • Manufacturing
    • Public Services
    • Retail
    • Travel and Logistics
  • Services expand here
    • Artificial Intelligence
    • Cloud
    • Cognitive Business Operations
    • Consulting
    • Cybersecurity
    • Data and Analytics
    • Enterprise Solutions
    • IoT and Digital Engineering
    • Network Solutions and Services
    • TCS Interactive
    • Sustainability Services
  • Products and Platforms expand here
    • TCS ADD™
    • TCS BANCS™
    • TCS BFSI Platforms
    • TCS CHROMA™
    • TCS Customer Intelligence & Insights™
    • TCS ERP on Cloud
    • ignio™
    • TCS iON™
    • TCS HOBS™
    • TCS Intelligent Urban Exchange™
    • TCS OmniStore™
    • TCS Optumera™
    • TCS Tap™
    • Quartz™ – The Smart Ledgers™
    • TCS TwinX™
    • TCS MasterCraft™
    • Jile™
    • TCS DigiBOLT™
    • Overview Press tab for submenu items

      We deliver excellence and create value for customers and communities.

      Our expert, committed team put our shared values into action – every day. With the best talent and the latest technology we help customers turn complexity into opportunities and create meaningful change.

      Discover the difference
    • About Us
      • Leadership
      • Corporate Sustainability
      • Diversity, Equity, and Inclusion
      • Corporate Social Responsibility
      • The TCS Way
      • Alliances
    • Research & Innovation
      • TCS Research
      • TCS Pace™
    • Our Brand
    Overview
  • About Us expand here
    • Leadership
    • Corporate Sustainability
    • Diversity, Equity, and Inclusion
    • Corporate Social Responsibility
    • The TCS Way
    • Alliances
  • Research & Innovation expand here
    • TCS Research
    • TCS Pace™
  • Our Brand
    • Overview Press tab for submenu items

      Extraordinary expertise leads to remarkable results.

      We share news, insights, analysis and research – tailored to your unique interests – to help you deepen your knowledge and impact.

      Discover Expert Insights
    • Customer Stories
    • Perspectives
    • Global studies
    • Topics
      • Metaverse
      • Sustainability
      • Cybersecurity
      • Blockchain
      • Cloud
      • Future of Work
      • Health & Wellness
      • IoT
      • Data Analytics and Storage
    Overview
  • Customer Stories
  • Perspectives
  • Global studies
  • Topics expand here
    • Metaverse
    • Sustainability
    • Cybersecurity
    • Blockchain
    • Cloud
    • Future of Work
    • Health & Wellness
    • IoT
    • Data Analytics and Storage
    • Overview Press tab for submenu items

      Want to be a global change-maker? Join our team.

      At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.

      Join us
    • India
      • India
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Chile
      • Colombia
      • Ecuador
      • Mexico
      • Peru
      • Uruguay
      • USA
    • Asia Pacific
      • Australia
      • Mainland China
      • Hong Kong SAR
      • Indonesia
      • Japan
      • Malaysia
      • New Zealand
      • Philippines
      • Republic of Korea
      • Singapore
      • Chinese Taipei
      • Thailand
    • Europe and UK
      • Belgium
      • Denmark
      • Estonia
      • Finland
      • France
      • Germany
      • Hungary
      • Ireland
      • Italy
      • Luxembourg
      • Netherlands
      • Norway
      • Poland
      • Portugal
      • Spain
      • Sweden
      • Switzerland
      • United Kingdom
    • Middle East and Africa
      • Bahrain
      • Israel
      • Kuwait
      • Qatar
      • Saudi Arabia
      • South Africa
      • United Arab Emirates
    Overview
  • India expand here
    • India
  • Americas expand here
    • Argentina
    • Brazil
    • Canada
    • Chile
    • Colombia
    • Ecuador
    • Mexico
    • Peru
    • Uruguay
    • USA
  • Asia Pacific expand here
    • Australia
    • Mainland China
    • Hong Kong SAR
    • Indonesia
    • Japan
    • Malaysia
    • New Zealand
    • Philippines
    • Republic of Korea
    • Singapore
    • Chinese Taipei
    • Thailand
  • Europe and UK expand here
    • Belgium
    • Denmark
    • Estonia
    • Finland
    • France
    • Germany
    • Hungary
    • Ireland
    • Italy
    • Luxembourg
    • Netherlands
    • Norway
    • Poland
    • Portugal
    • Spain
    • Sweden
    • Switzerland
    • United Kingdom
  • Middle East and Africa expand here
    • Bahrain
    • Israel
    • Kuwait
    • Qatar
    • Saudi Arabia
    • South Africa
    • United Arab Emirates
    • Overview Press tab for submenu items

      Find the latest news about TCS in our Newsroom

      Get access to a catalog of the latest news stories from across TCS. Discover our press releases, reports, and company announcements.

      Discover more
    • Press releases

      Recent Press releases

      15 May 2025 TCS Recognized as One of the World’s Top 50 Brands by Kantar BrandZ; Brand Value Soars 28% YoY to $57.3Bn
      14 May 2025 TCS Partners with Khan Bank to Future-Proof its Operations, Enhance Customer Experience and Propel Innovation leveraging AI and ML
      12 May 2025 TCS Partners with Dhofar Insurance Company to Transform its Core Insurance Platform
      View all
    • News alerts

      Recent News

      02 May 2025 TCS Ranked Denmark’s #1 IT Service Provider for Customer Satisfaction in 2025
      23 Apr 2025 TCS Partners with Google Cloud on Agent-to-Agent Interoperability Protocol to Drive Future-Ready Enterprises
      11 Apr 2025 TCS Partners with Google Cloud to Accelerate AI-led Transformation in the Retail Sector
      View all
    • Analyst recognition

      Recent recognitions

      22 Apr 2025 TCS Ranked #6 Amongst Banking Technology Providers and Recognized as a Regional Leader across all Geographies by Everest Group
      17 Apr 2025 TCS BaNCS Named a Leader Among Wealth Management Products by Everest Group
      13 Feb 2025 TCS Positioned as a Leader in IDC MarketScape for Worldwide Life Science R&D ITO Services 2024
      View all
    • Events

      Upcoming events

      11 Jun 2025 TCS and PTC Present the North America Leadership Forum 2025
      04 Jun 2025 Veeva R&D and Quality Summit: Developing Better Health Outcomes
      02 Jun 2025 Siemens Realize LIVE: Discussing Technology and Digital Transformation
      View all
    • Media kit
    Overview
  • Press releases
  • News alerts
  • Analyst recognition
  • Events
  • Media kit
    • Overview Press tab for submenu items

      TCS works hand in hand with world-leading investors.

      Tata Consultancy Services Limited
      NSE:TCS
      INR
      Discover more FY24-25 debrief
    • Management Commentary
      • Latest Quarter Commentary
      • Annual Report Section
    • Financials
      • Quarterly Earnings Reports
      • Download TCS Data Sheet
      • Erstwhile CMC Financials
    • News and Events
      • Press Releases
      • Corporate Actions
      • Events
      • Calendar
    • ESG
      • Environment
      • Social
      • Governance
      • Policies and Reports
      • Stakeholder Engagement and Identification of Material Issues
    • Resources
      • Investor FAQs
      • eTDS Portal
      • Stock Information
      • Analyst Coverage
      • Subsidiaries
      • Subscribe to Investor Updates
      • Unclaimed Dividend Information
    Overview
  • Management Commentary expand here
    • Latest Quarter Commentary
    • Annual Report Section
  • Financials expand here
    • Quarterly Earnings Reports
    • Download TCS Data Sheet
    • Erstwhile CMC Financials
  • News and Events expand here
    • Press Releases
    • Corporate Actions
    • Events
    • Calendar
  • ESG expand here
    • Environment
    • Social
    • Governance
    • Policies and Reports
    • Stakeholder Engagement and Identification of Material Issues
  • Resources expand here
    • Investor FAQs
    • eTDS Portal
    • Stock Information
    • Analyst Coverage
    • Subsidiaries
    • Subscribe to Investor Updates
    • Unclaimed Dividend Information
  • Click here or press enter to go to homepage Click here or press enter to go to homepage Opens in new tab tata.com logo tata.com logoOpen in New Tab Search
    What we do
    • Overview Press tab for submenu items

      TCS is here to make a difference through technology.

      Leading the way in innovation for over 55 years, we build greater futures for businesses across multiple industries and 55 countries.

      Discover all solutions
    • Industries
      • Banking
      • Capital Markets
      • Consumer Packaged Goods and Distribution
      • Communications, Media, and Information Services
      • Education
      • Energy, Resources, and Utilities
      • Healthcare
      • High Tech
      • Insurance
      • Life Sciences
      • Manufacturing
      • Public Services
      • Retail
      • Travel and Logistics
    • Services
      • Artificial Intelligence
      • Cloud
      • Cognitive Business Operations
      • Consulting
      • Cybersecurity
      • Data and Analytics
      • Enterprise Solutions
      • IoT and Digital Engineering
      • Network Solutions and Services
      • TCS Interactive
      • Sustainability Services
    • Products and Platforms
      • TCS ADD™
      • TCS BANCS™
      • TCS BFSI Platforms
      • TCS CHROMA™
      • TCS Customer Intelligence & Insights™
      • TCS ERP on Cloud
      • ignio™
      • TCS iON™
      • TCS HOBS™
      • TCS Intelligent Urban Exchange™
      • TCS OmniStore™
      • TCS Optumera™
      • TCS Tap™
      • Quartz™ – The Smart Ledgers™
      • TCS TwinX™
      • TCS MasterCraft™
      • Jile™
      • TCS DigiBOLT™
    Overview
  • Industries expand here
    • Banking
    • Capital Markets
    • Consumer Packaged Goods and Distribution
    • Communications, Media, and Information Services
    • Education
    • Energy, Resources, and Utilities
    • Healthcare
    • High Tech
    • Insurance
    • Life Sciences
    • Manufacturing
    • Public Services
    • Retail
    • Travel and Logistics
  • Services expand here
    • Artificial Intelligence
    • Cloud
    • Cognitive Business Operations
    • Consulting
    • Cybersecurity
    • Data and Analytics
    • Enterprise Solutions
    • IoT and Digital Engineering
    • Network Solutions and Services
    • TCS Interactive
    • Sustainability Services
  • Products and Platforms expand here
    • TCS ADD™
    • TCS BANCS™
    • TCS BFSI Platforms
    • TCS CHROMA™
    • TCS Customer Intelligence & Insights™
    • TCS ERP on Cloud
    • ignio™
    • TCS iON™
    • TCS HOBS™
    • TCS Intelligent Urban Exchange™
    • TCS OmniStore™
    • TCS Optumera™
    • TCS Tap™
    • Quartz™ – The Smart Ledgers™
    • TCS TwinX™
    • TCS MasterCraft™
    • Jile™
    • TCS DigiBOLT™
  • Who we are
    • Overview Press tab for submenu items

      We deliver excellence and create value for customers and communities.

      Our expert, committed team put our shared values into action – every day. With the best talent and the latest technology we help customers turn complexity into opportunities and create meaningful change.

      Discover the difference
    • About Us
      • Leadership
      • Corporate Sustainability
      • Diversity, Equity, and Inclusion
      • Corporate Social Responsibility
      • The TCS Way
      • Alliances
    • Research & Innovation
      • TCS Research
      • TCS Pace™
    • Our Brand
    Overview
  • About Us expand here
    • Leadership
    • Corporate Sustainability
    • Diversity, Equity, and Inclusion
    • Corporate Social Responsibility
    • The TCS Way
    • Alliances
  • Research & Innovation expand here
    • TCS Research
    • TCS Pace™
  • Our Brand
  • Insights
    • Overview Press tab for submenu items

      Extraordinary expertise leads to remarkable results.

      We share news, insights, analysis and research – tailored to your unique interests – to help you deepen your knowledge and impact.

      Discover Expert Insights
    • Customer Stories
    • Perspectives
    • Global studies
    • Topics
      • Metaverse
      • Sustainability
      • Cybersecurity
      • Blockchain
      • Cloud
      • Future of Work
      • Health & Wellness
      • IoT
      • Data Analytics and Storage
    Overview
  • Customer Stories
  • Perspectives
  • Global studies
  • Topics expand here
    • Metaverse
    • Sustainability
    • Cybersecurity
    • Blockchain
    • Cloud
    • Future of Work
    • Health & Wellness
    • IoT
    • Data Analytics and Storage
  • Careers
    • Overview Press tab for submenu items

      Want to be a global change-maker? Join our team.

      At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.

      Join us
    • India
      • India
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Chile
      • Colombia
      • Ecuador
      • Mexico
      • Peru
      • Uruguay
      • USA
    • Asia Pacific
      • Australia
      • Mainland China
      • Hong Kong SAR
      • Indonesia
      • Japan
      • Malaysia
      • New Zealand
      • Philippines
      • Republic of Korea
      • Singapore
      • Chinese Taipei
      • Thailand
    • Europe and UK
      • Belgium
      • Denmark
      • Estonia
      • Finland
      • France
      • Germany
      • Hungary
      • Ireland
      • Italy
      • Luxembourg
      • Netherlands
      • Norway
      • Poland
      • Portugal
      • Spain
      • Sweden
      • Switzerland
      • United Kingdom
    • Middle East and Africa
      • Bahrain
      • Israel
      • Kuwait
      • Qatar
      • Saudi Arabia
      • South Africa
      • United Arab Emirates
    Overview
  • India expand here
    • India
  • Americas expand here
    • Argentina
    • Brazil
    • Canada
    • Chile
    • Colombia
    • Ecuador
    • Mexico
    • Peru
    • Uruguay
    • USA
  • Asia Pacific expand here
    • Australia
    • Mainland China
    • Hong Kong SAR
    • Indonesia
    • Japan
    • Malaysia
    • New Zealand
    • Philippines
    • Republic of Korea
    • Singapore
    • Chinese Taipei
    • Thailand
  • Europe and UK expand here
    • Belgium
    • Denmark
    • Estonia
    • Finland
    • France
    • Germany
    • Hungary
    • Ireland
    • Italy
    • Luxembourg
    • Netherlands
    • Norway
    • Poland
    • Portugal
    • Spain
    • Sweden
    • Switzerland
    • United Kingdom
  • Middle East and Africa expand here
    • Bahrain
    • Israel
    • Kuwait
    • Qatar
    • Saudi Arabia
    • South Africa
    • United Arab Emirates
  • Newsroom
    • Overview Press tab for submenu items

      Find the latest news about TCS in our Newsroom

      Get access to a catalog of the latest news stories from across TCS. Discover our press releases, reports, and company announcements.

      Discover more
    • Press releases

      Recent Press releases

      15 May 2025 TCS Recognized as One of the World’s Top 50 Brands by Kantar BrandZ; Brand Value Soars 28% YoY to $57.3Bn
      14 May 2025 TCS Partners with Khan Bank to Future-Proof its Operations, Enhance Customer Experience and Propel Innovation leveraging AI and ML
      12 May 2025 TCS Partners with Dhofar Insurance Company to Transform its Core Insurance Platform
      View all
    • News alerts

      Recent News

      02 May 2025 TCS Ranked Denmark’s #1 IT Service Provider for Customer Satisfaction in 2025
      23 Apr 2025 TCS Partners with Google Cloud on Agent-to-Agent Interoperability Protocol to Drive Future-Ready Enterprises
      11 Apr 2025 TCS Partners with Google Cloud to Accelerate AI-led Transformation in the Retail Sector
      View all
    • Analyst recognition

      Recent recognitions

      22 Apr 2025 TCS Ranked #6 Amongst Banking Technology Providers and Recognized as a Regional Leader across all Geographies by Everest Group
      17 Apr 2025 TCS BaNCS Named a Leader Among Wealth Management Products by Everest Group
      13 Feb 2025 TCS Positioned as a Leader in IDC MarketScape for Worldwide Life Science R&D ITO Services 2024
      View all
    • Events

      Upcoming events

      11 Jun 2025 TCS and PTC Present the North America Leadership Forum 2025
      04 Jun 2025 Veeva R&D and Quality Summit: Developing Better Health Outcomes
      02 Jun 2025 Siemens Realize LIVE: Discussing Technology and Digital Transformation
      View all
    • Media kit
    Overview
  • Press releases
  • News alerts
  • Analyst recognition
  • Events
  • Media kit
  • Investors
    • Overview Press tab for submenu items

      TCS works hand in hand with world-leading investors.

      Tata Consultancy Services Limited
      NSE:TCS
      INR
      Discover more FY24-25 debrief
    • Management Commentary
      • Latest Quarter Commentary
      • Annual Report Section
    • Financials
      • Quarterly Earnings Reports
      • Download TCS Data Sheet
      • Erstwhile CMC Financials
    • News and Events
      • Press Releases
      • Corporate Actions
      • Events
      • Calendar
    • ESG
      • Environment
      • Social
      • Governance
      • Policies and Reports
      • Stakeholder Engagement and Identification of Material Issues
    • Resources
      • Investor FAQs
      • eTDS Portal
      • Stock Information
      • Analyst Coverage
      • Subsidiaries
      • Subscribe to Investor Updates
      • Unclaimed Dividend Information
    Overview
  • Management Commentary expand here
    • Latest Quarter Commentary
    • Annual Report Section
  • Financials expand here
    • Quarterly Earnings Reports
    • Download TCS Data Sheet
    • Erstwhile CMC Financials
  • News and Events expand here
    • Press Releases
    • Corporate Actions
    • Events
    • Calendar
  • ESG expand here
    • Environment
    • Social
    • Governance
    • Policies and Reports
    • Stakeholder Engagement and Identification of Material Issues
  • Resources expand here
    • Investor FAQs
    • eTDS Portal
    • Stock Information
    • Analyst Coverage
    • Subsidiaries
    • Subscribe to Investor Updates
    • Unclaimed Dividend Information
  • Contact us
    TCS Worldwide
    tata.com logo tata.com logo Opens in new tab
    Top Results
    Showing
    10
    01 - 07
    • TCS BaNCS™
    • Interviews

    Bolstering market integrity and client satisfaction – Euroclear

    Share TCS Helps Euroclear Bank Transform Post Trade Processing
    Linkedin
    X
    Facebook
    Email
    copied
    Download Pdf for TCS Helps Euroclear Bank Transform Post Trade Processing
    Customer - EuroClear Group (6 pgs)

    You have these already downloaded

    We have sent you a copy of the report to your email again.

    Industry

    Capital Markets This will open an overlay

    Unlocking Exponential Future Growth in Capital Market Firms

    Capital market firms must build trust through purpose-driven and innovative models to weather disruptions and ensure adaptability and shock-proof growth.
    Learn More
     about Unlocking Exponential Future Growth in Capital Market Firms
    capital-markets-exponential-future-growth
    Related Insights
    TCS BaNCS Customer Newsletter on Innovation, Growth, and More
    This edition covers BaNCS’ work on securities processing, details of Banque Saudi Fransi’s payment transformation, Standard Bank's move to innovation, and more.
    Report
    10 Jun 2024
    TCS Helps Euroclear Bank Transform Post Trade Processing
    Learn about Euroclear Bank’s relationship with TCS BaNCS and how our corporate actions solution helped transform their post-trade operations in 120 countries.
    Customer Testimonial
    07 Mar 2025
    TCS BaNCS Digital Custody Helps PostFinance Launch Crypto Services
    PostFinance shares how it is leading the way in the Swiss financial sector, bringing digital asset trading to its customers with digital custody from TCS BaNCS.
    Customer Testimonial
    05 Mar 2025

    Solution

    TCS BaNCS™ This will open an overlay

    TCS BaNCS™: Enabling Transformation in Banks and Financial Institutions

    Offering Software-as-a-Service across a stack of solutions and applications, TCS BaNCS facilitates smooth transformation in financial services and drives growth.
    Learn More
     about TCS BaNCS™: Enabling Transformation in Banks and Financial Institutions
    tcs-bancs-hp-card
    Related Insights
    TCS BaNCS™ for Life Insurance and Pension
    Learn how our digital-first, cloud-based solution helps life insurers and pension providers achieve efficiency and enrich end-user journeys.
    Solution
    29 Apr 2025
    AI in European Banking: Adoption Challenges and Opportunities
    For successful AI adoption, banks must prioritize workforce reskilling, people and culture, and collaboration while navigating GDPR and EU AI Act. Learn more.
    Blog
    14 May 2025
    TCS BaNCS Customer Newsletter on Innovation, Growth, and More
    This edition covers BaNCS’ work on securities processing, details of Banque Saudi Fransi’s payment transformation, Standard Bank's move to innovation, and more.
    Report
    10 Jun 2024

    Highlights

    • Euroclear, a global provider of Financial Market Infrastructure services (FMI), has a presence across six main European markets, serving financial institutions across 120 countries. Euroclear Bank is also the largest International Central Securities Depository (ICSD) in the world.
    • Euroclear’s relationship with TCS BaNCS began in 2014 when they selected the TCS BaNCS for Corporate Actions.
    • Arnaud Deghorain, Tribe Lead & Head for Asset Servicing, Tax and Reference Data at Euroclear, describes how they have strengthened their role as a financial market infrastructure to transform post-trade operations across 120 countries in 50+ markets.
    Read more

    On this article

    Overview inpage
    The Partnerships inpage
    Where it all began inpage
    Twin Modernization inpage
    Future evolutions inpage
    Benefits inpage
    Overview inpage
    The Partnerships inpage
    Where it all began inpage
    Twin Modernization inpage
    Future evolutions inpage
    Benefits inpage
    Back to top Go to top
    On this articleinpage
    Go to top
    Overview The Partnerships Where it all began Twin Modernization Future evolutions Benefits

    Overview

    Belgium and France

    A global provider of Financial Market Infrastructure services (FMI), Euroclear has a presence across six main European markets, serving financial institutions across 120 countries. Euroclear Bank is also the largest International Central Securities Depository (ICSD) in the world.

    The Euroclear Group’s national Central Securities Depositories (CSDs) for Belgium, Finland, France, Ireland, the Netherlands, Sweden and the United Kingdom serve local clients for local and cross-border transactions.

    Euroclear is a systemically important market infrastructure, invested in strengthening resilience, enhancing customer experience through technological capabilities and offering new products in step with the market and regulatory evolutions.

    The Partnership

    A partnership that celebrates a decade in 2024 

    Euroclear’s relationship with TCS BaNCS began in 2014 when they selected TCS BaNCS for Corporate Actions product to begin a new service line of offering asset servicing to global custodians. The TCS BaNCS for Corporate Actions has since then served as a platform for many new initiatives, the most significant being the consolidation of the group’s domestic and international CSDs.

    Euroclear and TCS celebrate ten successful years of partnership in 2024.

    The TCS BaNCS team spoke to Arnaud Deghorain, Tribe Lead & Head for “Asset Servicing, Tax and Reference Data”, Euroclear, who helmed these major transformation programs, about how they are strengthening their role as FMI and staying pivotal/relevant to the post trade infrastructure in Europe. 

    Where it all began

    “As a provider of financial market infrastructure, Euroclear connects issuers and investors in securities markets, offering transaction settlement, asset servicing and collateral management”, says Arnaud.

    “In 2014, one of our customers, a leading global custodian, who had successfully deployed TCS BaNCS for Corporate Actions, helped set the engagement with TCS rolling by connecting the two firms. We were looking at ways to grow our business and extend the asset servicing offering to new custodians. 

    Both teams from Euroclear and TCS BaNCS began discussions on how we could overhaul our existing legacy technology to not just grow the business but improve operational efficiencies and provide superior experiences to clients. Thus began the program where TCS BaNCS was selected for our value-added custodial asset servicing platform. 

    TCS BaNCS for Corporate Actions was selected by Euroclear to offer asset servicing for its custodian customers as a new line of services. With the long-term goal of supporting their customers with managing the complexity that is part of corporate actions processing, they charted out a major transformation journey that would provide full coverage of mandatory, voluntary and optional corporate actions for domestic and international securities in a fast, efficient and standardized manner, across multiple event types.”

    “When we first launched value-added custodian asset servicing, we worked with TCS to both deploy the corporate actions product and build a bridge between this application and our inhouse position keeping and peripheral systems to send notifications to our clients in standardized messaging formats,” says Arnaud.

    Twin Modernization

    Twin modernization initiatives at the national and international CSD level

    In 2017, as part of major initiatives within the Euroclear Group and as a first step towards Euroclear Settlement of Euronext-zone Securities (ESES) (Domestic CSD), modernization was to start processing the voluntary corporate actions. They started it as a new service in ESES as part of their custody service enhancement (CSE6 & CSE7) initiative.

    Additionally, Euroclear Bank was authorized under the Central Securities Depository Regulation (CSDR) of the European Union (EU) to perform core CSD services, as well as non-banking and banking type ancillary services.

    “Euroclear is the most active CSD in the world (by settlement turnover, as well as the largest ICSD and third largest CSD in the world by value of securities held.”

    “We had to reassess our offerings across all CSDs and markets in the light of the Target2 Securities (T2S) and related regulatory changes that were set in motion in Europe. This saw the launch of two modernization programs – a) ESES program covering domestic CSDs in Belgium, France and the Netherlands and b) Euroclear Bank (EB) modernization of International CSDs.”

    “The next logical step was to look at harmonization of our ESES and non-ESES markets and commence with automation of voluntary and mandatory events processing, which spread across two large programs.”

    Arnaud says, “Euroclear is committed to investing in supporting market stability by ensuring efficiency, connectivity and scale. We were looking for a technology partner with strong credentials for delivering large post-trade processing transformation programs globally. The intent was to standardize asset servicing and reporting, align with market and SWIFT standards with the help of a consolidated, centralized platform. We wanted to work with someone who offered a proven, futureproof technology stack, and who better than a trusted and proven partner.”

    “We continued our journey with TCS when COVID 19 pandemic hit the globe, when lockdowns resulted in teams across both Euroclear and TCS working remotely and round the clock. 

    TCS BaNCS team did a commendable job working towards promised deadlines. With TCS BaNCS for Corporate Actions solution, we were able to support all event types and asset classes required for Euroclear markets.

    “A standard and comprehensive product, its proven track record of having been deployed across 60+ leading financial institutions globally, assured us that customizations would be limited".

    Future evolutions

    Enabling ESES services in line with market standards, facilitating the integration of future evolutions.

    The ESES modernization program went live accomplishing its goals of the transformation of the domestic CSD operations in France, Belgium & Netherlands onto the TCS BaNCS application. This project helped us decommission all legacy applications and consolidate processing across all our ESES CSDs with TCS BaNCS.

    As the solution is aligned to market standards such as SPMG compliant Swift Reporting & T2S compliant, it is a future-ready platform.

    The TCS BaNCS product is integrated with the Euroclear settlement application to implement an end-to-end T2S trade settlement life cycle. Each CSD now facilitates settlement on the T2S platform, or via cross border links with other CSDs and international CSDs.

    “Trades are tracked automatically based on settlement confirmation, clients are notified through payment advice and in case of T2S settlement rejection, operations are notified instantaneously.”

    T2S settlement instructions for corporate actions, market claims and transformation trades are detected and generated by TCS BaNCS for direct and indirect links of ESES with internal and external CSDs.

    Euroclear can now introduce elective standing instructions, deferred payments advisory services, and granular report on STP for SWIFT messaging by event, instrument types and their frequency.

    “We are now able to handle many of the most complex and high-value corporate actions and honored our strong commitment to market practice harmonization, taking an active role in the International Securities Market Advisory Group (ISMAG), T2S working groups and similar initiatives.”

    The TCS team interacted with multiple stakeholders at Euroclear, as the program involved working with different markets and CSDs, to help with the adoption of the centralized and integrated solution, while also ensuring minimum levels of customization in each country to help them provide value-added and personalized services to their clients.

    “At that point of time, it was clear to us that we had to continue our modernization with the international CSD-held asset servicing. The modernization of Euroclear’s International CSDs (the EB modernization) meant consolidating multiple platforms across different countries, each of which had their own in-built flavors and personalization needs, which was no easy task. We took this up in smaller chunks of five steps, migrating corporate actions by event types – reference data, meeting events, mandatory securities, cash and voluntary events.”

    “The first two phases involving reference data and meetings are in production today. We understand that the marathon efforts of the complete overhauling of our ICSDs is an ongoing exercise. TCS teams are now a part of our staff, supporting us with testing and many other activities.”

    Transformation benefits

    A common platform for CSDs, enabling product innovation

    Overall, Arnaud says, “we have been able to introduce and enhance new products and services by automating corporate actions processing. The graphic illustrates this in greater detail.

    Euroclear is the most active CSD in the world (by settlement turnover, as well as the largest ICSD and third largest CSD in the world by value of securities held.

    One platform, one partner for end-to-end accountability across Euroclear

    The graphic below depicts the manifold benefits that this mammoth transformation program has afforded us with.

    These transformation programs have helped us centralize operations on a common platform and ease our regulatory compliance readiness, along with the triple benefits of enhancing customer experience, improving performance and mitigating risks. These include:

    • Centralization of all our CSD operations onto a common platform, replacing multiple legacy applications
    • Scalability, engendering the ability to manage growing complexity and volumes
    • Standardization in client reporting – ISO20022 compliance in addition to SCoRE and SRD2
    • Process harmonization across all entities
    • Simplified IT architecture and reduced operational risks
    • Secure and cyber resilient infrastructure

    As with most successful transformations, the journey doesn’t end but instead expands its horizons at every milestone crossed. Euroclear is now working with TCS BaNCS for its new Euro-system collateral management system (ECMS) program which aims to comply with new standards issued by the ECB in collateral management, corporate actions and billing. Compliance with ISO20022 message standards for ECMS participants is another objective that the two teams are working towards.

    “We are looking at adding our UK CSDs onto the new central platform running on TCS BaNCS.

    We see this common platform as an enabler for digitized and integrated post-trade architecture in the regions we operate, helping our clients (and global markets) process transactions efficiently, enhance liquidity and mitigating risks.”

    Euroclear - Fast facts

    • Launched in 1968 
    • Provider of post-trade services
    • Clients in more than 120 countries
    • 50 settlement currencies 
    • 50+ major markets 
    • 2,000 financial institutions
    Swipe Left
    Swipe Right

    A standard and comprehensive product, its proven track record of having been deployed across 60+ leading financial institutions globally, assured us that customizations would be limited.

    Arnaud Deghorain

    Tribe Lead & Head for Asset Servicing, Tax and Reference Data, Euroclear

    Related Reading

    Swipe Left
    Swipe Right

    Northern Trust’s Modernization Journey with TCS BaNCS

      Opens in new tab

    TCS BaNCS Helps Wells Fargo Transform its Asset Servicing Operations

      Opens in new tab

    TCS BaNCS powers societe generale securities services’ transformation of pan-European custody platform

      Opens in new tab

    TCS Expands Strategic Alliance with J.P. Morgan’s Securities Services

      Opens in new tab

    Transformation is within reach

    TCS BaNCS customers will always be at the forefront of new trends

    Connect with us
    Industries
    • Banking
    • Capital Markets
    • Consumer Packaged Goods and Distribution
    • Communications, Media, and Information Services
    • Education
    • Energy, Resources, and Utilities
    • Healthcare
    • High Tech
    • Insurance
    • Life Sciences
    • Manufacturing
    • Public Services
    • Retail
    • Travel and Logistics
    Services
    • Artificial Intelligence
    • Cloud
    • Cognitive Business Operations
    • Consulting
    • Cybersecurity
    • Data and Analytics
    • Enterprise Solutions
    • IoT and Digital Engineering
    • Sustainability Services
    • Network Solutions and Services
    • TCS Interactive
    • TCS and AWS Cloud
    • TCS Enterprise Cloud
    • TCS and Google Cloud
    • TCS and Microsoft Cloud
    Products and Platforms
    • TCS ADD™
    • TCS BaNCS™
    • TCS BFSI Platforms
    • TCS CHROMA™
    • TCS Customer Intelligence & Insights™
    • TCS ERP on Cloud
    • ignio™
    • TCS HOBS™
    • TCS Intelligent Urban Exchange™
    • TCS OmniStore™
    • TCS Optumera™
    • TCS TAP™
    • Quartz™ – The Smart Ledgers™
    • TCS TwinX™
    • TCS MasterCraft™
    • Jile™
    • TCS iON™
    • TCS DigiBOLT™
    Insights
    • Customer Stories
    • Cloud
    • Blockchain
    • IoT
    • Metaverse
    • Future of Work
    • Health and Wellness
    • Sustainability
    • TCS.AI
    • Cybersecurity
    • Perspectives
    More information
    • Careers
    • Corporate Social Responsibility
    • Diversity, Equity, and Inclusion
    • Investor Relations
    • Sports Sponsorships
    • TCS Pace™
    • TCS Research
    • The TCS Way
    • Who we are
    Tata consultancy services
    ©2025 TATA Consultancy Services Limited
    ©2025 TATA Consultancy Services Limited
    • Privacy Notice
    • Cookie Policy
    • Accessibility Declaration
    • Disclaimer
    • Security Policy
    • California Notice at Collection
    • Customize Cookies
    More
    • FacebookOpen in New Tab Facebook
    • YoutubeOpen in New Tab Youtube
    • Twitter-XOpen in New Tab Twitter-X
    • InstagramOpen in New Tab Instagram
    • linkedinOpen in New Tab linkedin
    Contact Contact Press Enter to open an overlay
    What’s on your mind?
    We’re here to help! Tell us what you’re looking for and we’ll get you connected to the right people.
    Request for Services
    Investor information
    Media contacts
    Looking for something else?
    Analyst relations
    CSR
    Partnership
    Website feedback
    Accessibility Adjustments

    Theme

    Font size

    A
    DEFAULT
    A

    Line height

    DEFAULT