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PRESS RELEASE
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SIBOS|Amsterdam, October 29, 2010: TCS Financial Solutions, a strategic business unit of Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS), dedicated to providing business application solutions to the banking, insurance and capital markets industries, announced that they will be attending Sibos in partnership with SEI (NASDAQ: SEIC), a leading global provider of outsourced asset management, investment processing and investment operations solutions. Held in Amsterdam this year, between October 25-29, the Sibos conference is the premier financial services technology event.
SEI selected TCS as one of their strategic partners to support the ongoing development of its Global Wealth Platform. The platform lies at the center of SEI’s Global Wealth Services and provides end-to-end investment and processing capabilities.
SEI’s objective for Global Wealth Services is to simplify operating models, allowing wealth managers to have more time to focus on what matters most – building richer client relationships and increasing the capital value of their businesses. SEI has seen steady momentum with seven wealth advisory firms in the UK and is actively planning deployment in the US and other markets.
“To support both our existing clients and offer a continually enhanced experience to new clients, we needed a highly configurable platform that would power our Global Wealth Services offering” said Joseph P Ujobai, Executive Vice President, SEI’s Global Wealth Services. “We partnered with TCS because of their reputation and shared vision for innovation within financial services.”
The Global Wealth Platform is powered by a single, common infrastructure that supports all back-office operations while seamlessly interfacing with external entities and front-office systems, designed to result in higher productivity and consistent experience for customers.
NG Subramaniam, President, TCS Financial Solutions said, “Our focus on reshaping models and processes for our customers through our products and services has delivered tangible results to our customers. SEI’s ability to put their customers at the center of their vision makes us a proud partner in helping SEI to transform the technology landscape of the wealth management industry.”
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 will drive growth, reduce costs, mitigate risk and offer a faster speed-to-market for our clients. With a global customer base of more than 240 institutions operating in over 80 countries, TCS Financial Solutions delivers state-of-the-art software solutions for the banking, insurance and capital markets industries worldwide. For more information, visit us at www.tcs.com/bancs.
About Tata Consultancy Services (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™,recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 285,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $11.6 billion for year ended March 31, 2013 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
About SEI’s Global Wealth Services
SEI’s Global Wealth Services is an outsourcing solution for wealth managers encompassing wealth processing services and wealth management programs, coupled with business process expertise. The integrated offering aims to provide wealth management organizations the infrastructure, operations and administrative support necessary to capitalize on their strategic objectives in a constantly shifting market.
At the heart of the solution lies the Global Wealth Platform, which supports trading and transactions on 100 stock exchanges in 53 countries and 31 currencies, all using straight-through processing. For more information, visit https://seic.com/.
About SEI
SEI (NASDAQ:SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The company’s innovative solutions help corporations, financial institutions, financial advisors and affluent families create and manage wealth. As of September 30, 2010, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $402 billion in mutual fund and pooled assets and manages $164 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations, from numerous offices worldwide. For more information, visit http://www.seic.com.
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