Tata Consultancy Services announced that its flagship product TCS BaNCS has been implemented by Euroclear Finland for all asset classes. This is the first transformation in Europe, where a CSD replaced its core legacy system . In addition, Euroclear also made significant enhancements and upgrades to its issuance and post trade services.
'Infinity', powered by TCS BaNCS for Market Infrastructure, is a program that replaces legacy platforms with a single modern, standards-based settlement and safekeeping platform.
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