NDC needed a solution that was easily customizable and scalable. NDC selected TCS’ proven Market Infrastructure solution, as the solution promised to deliver a state-of-the-art technology platform within a quick deployment timeframe.
NDC, the largest settlement depository in Russia, embarked on a technology modernization program to reach new levels of productivity, scalability and reliability. Considering Tata Consultancy Services’ (TCS’) extensive experience with other Central Securities Depositories (CSDs) across the world, NDC engaged with TCS BaNCS to upgrade their market infrastructure technology, thereby, facilitating their objectives.
NDC upgraded its settlement and depository systems using “Market Infrastructure” to a modern web-based platform providing its customers and partners the benefits of latest technology while complying with global standards such as G30, SWIFT, ISO 15.
With TCS’ solution, NDC was able to deploy a modern technology platform, providing web-based access to market participants in Russia for the first time. The new system conforms to international standards and is also tuned for high performance.