In 2006, Clearstream, a leading provider of post-trading services was looking for an IT solution that would help meet the challenges it was facing regarding corporate actions data. Clearstream signed an engagement with TCS Financial Solutions to deploy TCS BaNCS Announcement Capture, a comprehensive workflow-based Corporate Actions announcement scrubbing solution.
The Corporate Actions solution from TCS BaNCS provided Clearstream with the following benefits:
- Ability to systematically compare information in an automated fashion
- Automated processes, reduced manual errors and time-to-market
- Increased transparency in the processes
- Improved data quality, representing the cornerstone of its leading market presence
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