Organisations are evolving innovative business models to increase profitability by leveraging on processes and outsourcing back office operations.
Orbay identified a business opportunity in setting up a back-office Securities Competence Center (SCC), aimed to harvest economies of scale. SCC provides a range of services, including order management, trade processing, settlement and asset servicing to group organizations, thereby, consolidating back-office operations. Securities Processing solution from TCS BaNCS acts as core engine of the SCC, helping it achieve greater levels of efficiency and automation. By using common business information across group organizations, it reduces the cost of acquiring, holding and processing data, and yet offers business data privacy using its multi-entity capabilities. The system provides for complete STP in securities processing through connectivity with SWIFT, Euronext, Telekurs, Reuters, FIX, ClearStream, C21 and EuroClear.
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