May 21, 2014
The Asian Banker, www.theasianbanker.com
HDFC Securities and TCS BaNCS showed impressive financials for the year under review with good growth in revenue and operating profit. With its strong presence and long term business commitments, HDFC Securities and TCS BaNCS, is the Best Technology Implementation this year.
Highlights of the partnership:
- TCS BaNCS implementation project at HDFC Securities was delivered well before schedule resulting in an immediate savings of $513,000.
- The project impacted all 800 dealers and 400,000 customers, providing them a competitive edge through less time-to-market.
- Consolidation of technology resulted in improved operational efficiency and reduced latency with order transacting five times faster compared to the previous system.