Ahli Brokerage Selects TCS BaNCS Digital to Offer On-The-Go Trading Services in Qatar
Tata Consultancy Services’ Digital Trading Solution will Enable Investors to Track their Portfolio and Make Intelligent Decisions on the Move
QATAR | MUMBAI, April 3, 2019: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting, and business solutions organization, announced that Ahli Brokerage Company has selected TCS BaNCS Digital to power their technology-driven business growth strategy.
Ahli Brokerage aims to become the leading brokerage house in Qatar by leveraging digital technologies to appeal to new customer segments with innovative services, and expand its geographic footprint. TCS BaNCS Digital will help the company digitize its trading process and cater to the need of today’s self-directed and well-informed investors for the convenience of contactless transactions on the move. The solution significantly enhances customer experience with intelligent and contextual capabilities spanning a range of touchpoints.
Commenting on the selection of TCS BaNCS Digital, Yasmeen Badawi, General Manager, Ahli Brokerage, said,“We selected TCS BaNCS Digital for its advanced breadth and depth of functionality with the aim of making our technological landscape future ready and providing our customers with a contactless, convenient and contextual trading experience. TCS BaNCS will enable a comprehensive, omni-channel solution, providing us with the opportunity to reach out to mobile savvy customers in Qatar and extend our footprint in the GCC countries and international markets in the future.”
“TCS BaNCS Digital is at the heart of our customers’ strategy to leverage digital technologies to become more agile, intelligent, and customer centric and gain a competitive edge in a Business 4.0™ world,” said R Vivekanand, Co-Head, TCS Financial Solutions.“Trading is a time sensitive activity. TCS BaNCS Digital for Trading will help customers of Ahli Brokerage track their portfolio and take timely decisions on the move. We continue to innovate by bringing new omni-channel capabilities, including support for smart wearables and voice assistants, along with intelligent decision making tools.”
TCS BaNCS Digital for Trading is a multi-market, multi-asset, multi-channel solution for buy and sell side firms, encompassing trading, clearing and settlement, corporate actions processing, custody, position, collateral and cash management. The solution’s modularity and responsive design allows for the implementation of independent components across a range of channels. A high performing solution, it enables low latency levels through its in-memory architecture and also supports mobile, voice trading and wearable devices.
With the TCS BaNCS Digital for Trading app, an investor is equipped with a full-range trading and investing tool with 24*7 access to markets. Through intuitive and interactive dashboards, they are able to view real time streaming of quotes, performance charts, watch lists, stock alerts, market news, among others, while the app also simultaneously synchronizes data and transactions across multiple channels. Its secure voice command feature on the other hand can deliver a high usability trading experience.
About Ahli Brokerage
Ahli Brokerage Company commenced operations in May 2011 after obtaining the necessary license from the Qatar Financial Markets Authority (QFMA), the nation’s regulatory body for investment and financial activities. The company is a wholly owned subsidiary of Ahli Bank QSC (Ahlibank), which established Ahli Brokerage to provide the bank’s clientele with informed access to Qatar Stock Exchange investments. Ahli Brokerage thus reflects the bank’s ongoing commitment to expand its service offerings with value-added propositions.
A highly sophisticated infrastructure—comprising state-of-the-art IT systems, numerous high-tech access channels, and an extensively experienced team of brokerage professionals—make Ahli Brokerage the ideal partner for investment needs in the Qatari equity market.
About TCS Financial Solutions
TCS Financial Solutions is a strategic business unit of Tata Consultancy Services. Dedicated to providing business solutions to financial institutions globally, TCS Financial Solutions has compiled a comprehensive product portfolio under the brand name of TCS BaNCS. The TCS BaNCS universal financial solution is designed to help financial services institutions enhance end customer experience, enabling them to embrace open and innovative technologies that embody true digital customer engagement. Deployed at more than 450 installations worldwide, it is the largest collection of components, enterprise and consumer apps for the financial industry made available through the cloud, helping firms become more agile and intelligent by leveraging the power of new and extended ecosystems.
To know more about TCS BaNCS, please visit: www.tcs.com/bancs
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, cognitive powered, integrated portfolio of it, business & technology services, and engineering. This is delivered through its unique location independent agile delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India's largest multinational business group, TCS has over 417,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $19.09 billion for year ended March 31, 2018 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
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