TCS launches SaaS platform for FIs to automate asset servicing

Tata Consultancy Services announced on Tuesday the launch of the TCS BaNCS Cloud for asset servicing, which it said automates the servicing of all classes of assets across all markets

It is targeted at custodians, broker-dealers, asset managers and investment and private banks, TCS said in a statement

Taking advantage of greater standardization and the increased appetite for shared systems, operations, and infrastructure in the asset servicing industry, the platform provides end-to-end business operations management capability, while "enhancing business agility, simplifying operations and future-proofing the enterprise," the company claimed.