Tata Consultancy Services (TCS) today announced the launch of TCS Bancs Treasury 5.0, an integrated, multi-entity, multi-currency treasury solution, for providing support to front, mid- and back-offices.
TCS Bancs Treasury 5.0 incorporates functional enhancements across foreign exchanges, money markets, fixed income, equities and derivative asset classes. It includes risk analytics as well, enabling institutions to move from country- and asset-class-wise systems to a single platform, aimed at pro-actively managing and monitoring organisational risk exposures.
As a comprehensive treasury solution, it 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. Created on a robust, state-of-the-art Java EE and SOA enabled architecture, it facilitates rapid enterprise integration.
HDFC Bank, the second largest private sector bank in India, is one of the early adopters of TCS Bancs Treasury 5.0. Speaking on their relationship with HDFC Bank, 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 Bancs 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. We take extreme pride in launching our next-generation treasury solution across the globe.”
Harish Shetty, executive vice president, IT, HDFC Bank, further added: "As a technology-savvy bank, we constantly upgrade our systems and look for innovative solutions. Our long-standing association with TCS and TCS Bancs Treasury assures us of TCS delivery capability, while the new version of the solution strengthens our vision of leveraging the latest technology to enhance our offering to our customers."