OREANDA-NEWS. May 30, 2011. Tata Consultancy Services (TCS), (BSE: 523540, NSE: TCS), a leading IT services, consulting and business solutions organisation, announced the launch of TCS BaNCS Treasury 5.0, an enriched version that is set to redefine standards of transaction processing systems. HDFC Bank, the second largest private sector bank in India, is one of the early adopters of TCS BaNCS Treasury 5.0. (HDFC Bank was adjudged “the strongest bank in Asia Pacific” by The Asian Banker).

N Ganapathy Subramaniam, president, TCS Financial Solutions, said, “Our relationship with HDFC Bank is a testimony of our commitment to our customers, where our solutions help them transform their business. TCS BaNCS Treasury enables banks like HDFC Bank to complement their treasury business with a functionally rich, robust and state-of-the-art technology platform for an agile financial supply chain. We take extreme pride in launching our next-generation treasury solution across the globe.”

Harish Shetty, executive vice president, IT, HDFC Bank, said, "As a technology-savvy bank, we constantly upgrade our systems and look for innovative solutions. Our longstanding association with TCS and TCS BaNCS Treasury assures us of TCS delivery capability, while the new version of the solution strengthens our vision of leveraging the latest technology to enhance our offering to our customers."

TCS BaNCS Treasury 5.0 is an integrated, multi-entity, multi-currency treasury solution, which supports front, mid- and back-offices. It incorporates innovative functional enhancements across foreign exchanges, money markets, fixed income, equities and derivative asset classes. Its powerful and comprehensive functionality, with rich risk analytics, enables institutions to move from country- and asset-class-wise systems to a single platform aimed at pro-actively managing and monitoring organisational risk exposures.

As a comprehensive treasury solution, it enables straight-through processing (STP) and offers rich analytical functionality. It further helps organisations identify the source of risk through innovative desk-book folders and risk transfer mechanisms. Architected on a robust, state-of-the-art Java EE and SOA enabled architecture, it facilitates rapid enterprise integration.

With this next-generation treasury solution, financial services institutions can transform, modernise and consolidate their treasury operations through a single installation. Pre- and post-deal analytics features provide the necessary decision-support making functionality while extensive market curve sourcing, the generation and creation of synthetics, multiple fitment routines, and the rules-driven mark-to-market engines enable pro-active risk management. With path-breaking ‘personalised single workspace', ‘quick deal’ and ‘smart query’ features, the user experience is elevated to the next level, making it truly next-generation.

The solution is platform independent and has the facility to house multiple treasury units under one installation, and quicker go-to-market capabilities using standardised implementation methodology, ensures significant benefits to total cost of ownership.