TCS to offer software solution for ABN AMRO

NEW DELHI, INDIA: TCS Financial Solutions, a business unit of Tata Consultancy Services (TCS), on Tuesday announced that it will provide ABN AMRO Clearing Bank with TCS BáNCS integrated Custody, Cash and Corporate Actions solution.

TCS BáNCS will help streamline ABN AMRO Clearing's operations across multiple markets and regions, enhance efficiency and reduce maintenance cost, said a press release.

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Andrej Bolkovic Global chief information officer of ABN AMRO Clearing said, “This project will significantly lower our maintenance and IT related costs. TCS BáNCS not only meets our needs from a functionality perspective but supports and enhances our operation’s capabilities in a rapid and ever changing business environment.”

N. Ganapathy Subramaniam, president TCS Financial Solutions said, “The ideal promise of technology is the harnessing of the benefits while keeping the cost low. We are glad to be chosen by ABN AMRO Clearing to be a part of their extensive modernization program. TCS BáNCS is increasingly seen as a platform of choice that delivers multiple business benefits like ease of operations, while significantly lowering the cost.”