TMX Group, Canada’s premier exchange, depository and clearing group, has chosen TCS BaNCS for Market Infrastructure as a single integrated platform to overhaul its clearing, settlement and depository functions with a multi-asset class structure for both cash and derivatives markets. Along with QUARTZ Blockchain, the innovative platform will deliver instantaneous access to information, automated straight through experience, real-time risk & collateral management and the agility in defining products across markets.
The Zions Bancorporation implementation of TCS BaNCS is a significant moment for the US core market.
Zions believes that this core transformation initiative is foundational to its digital transformational objectives, which aims at enhancing customer experience, digitizing and streamlining operations, and leveraging data assets to server customers better.
TCS BaNCS enables HDFC Securities Ltd (HSL) to comply with Goods and Services Tax in a record time of 12 weeks.