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PRESS RELEASE
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Mumbai, India, April 8, 2011: Tata Consultancy Services (TCS), (BSE: 523540, NSE: TCS), a leading IT services, consulting and business solutions organization, announced today that its client, Standard Chartered Bank, a leading international bank, and TCS BaNCS have won The Asian Banker’s prestigious Best Trading Back Office Project Award.
NG Subramaniam, President, TCS Financial Solutions commented, “We are very pleased to be awarded the Best Trading Back Office Project Award with our leading client, Standard Chartered Bank. Our team is determined to provide outstanding capital markets, banking and insurance software solutions for our growing list of clients across the globe. This award highlights our commitment to Standard Chartered Bank as well as Asia’s thriving capital markets sector. This project has been a great team effort. I would like to congratulate all stakeholders involved in this outstanding implementation.”
The TCS BaNCS Corporate Actions solution features flexible, parameterized maintenance functions, granular processing at the security and market level through structured business rules. In addition, the solution provides access to multiple corporate action feeds and reduces manual intervention to ensure data integrity. The solution is instrumental in strengthening automation and thereby assists to reduce manual operations. This award-winning project enabled Standard Chartered Bank to process corporate actions across various markets over a single unified 24/7 platform.
About Standard Chartered
Standard Chartered – leading the way in Asia, Africa and the Middle East.
Standard Chartered PLC is a leading international bank, listed on the London, Hong Kong SAR and Mumbai stock exchanges. It has operated for over 150 years in some of the world’s most dynamic markets and earns more than 90% of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the bank’s growth in recent years.
With 1,700 offices in 70 markets, Standard Chartered offers exciting and challenging international career opportunities for more than 80,000000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. The bank’s heritage and values are expressed in its brand promise, Here for good.
For more information on Standard Chartered, please visit www.standardchartered.com.
About TCS Financial Solutions
TCS Financial Solutions is a strategic business unit of Tata Consultancy Services. Dedicated to providing business application solutions to financial institutions globally, TCS Financial Solutions has compiled a comprehensive product portfolio under the brand name of TCS BaNCS. Our mission is to provide best-of-breed solutions that drive growth, reduce costs, mitigate risk and offer a faster speed-to-market for our customers. TCS Financial Solutions deliver state-of-the-art software solutions for the banking, insurance and capital markets industries worldwide. For more information, please visit www.tcs.com/bancs.
About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services is an IT services, business solutions and outsourcing organization that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model™ (GNDM™), recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 186,500 of the world’s best-trained IT consultants in 42 countries. The company generated consolidated revenues of over US $6.3 billion for fiscal year ended March 31, 2010 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, please visit www.tcs.com.
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