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HDFC Bank implements TCS BáNCS' treasury soln

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CIOL Bureau
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MUMBAI, INDIA: India's largest software company Tata Consultancy Services (TCS) on Monday announced that HDFC Bank a adopted TCS BáNCS Treasury 5.0, an enriched version that is set to re-define standards of transaction processing systems.

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TCS BáNCS Treasury 5.0 is an integrated, multi-entity, multi-currency treasury solution, which supports front, mid- and back-offices, said a press release.

It incorporates innovative functional enhancements across foreign exchanges, money markets, fixed income, equities and derivative asset classes. Its comprehensive functionality enables institutions to move from country- and asset-class-wise systems to a single platform aimed at pro-actively managing and monitoring organizational risk exposures, claimed the company.

N Ganapathy Subramaniam, president, TCS Financial Solutions, said, “Our relationship with HDFC Bank is a testimony of our commitment to our customers, where our solutions help them transform their business. TCS BáNCS Treasury enables banks like HDFC Bank to complement their treasury business with a functionally rich, robust and state-of-the-art technology platform for an agile financial supply chain.”

As a comprehensive treasury solution, the solution enables Straight-Through-Processing (STP) and offers rich analytical functionality. It further helps organizations identify the source of risk through innovative desk-book folders and risk transfer mechanisms.

With this next-generation treasury solution, financial services institutions can transform, modernize and consolidate their treasury operations through a single installation. Pre- and post-deal analytics features provide the necessary decision-support making functionality while extensive market curve sourcing, the generation and creation of synthetics, multiple fitment routines, and the rules-driven mark-to-market engines enable pro-active risk management.