OREANDA-NEWS. Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organization, today announced that its flagship brand, TCS BaNCS for Securities Processing has won the prestigious Global Custodian award for Best Custody solution for the second consecutive year. Global Custodian had instituted these awards in 2013 to recognize the best solutions and professionals in the capital markets industry.

Commenting on the selection of TCS BaNCS for Best Custody Solution, N Ganapathy Subramaniam, President, TCS Financial Solutions said, "This is the third time that TCS BaNCS Securities Processing solution has won an award within a relatively short span of time, which is a reflection on the product's functionality and fit with the needs of Custodians in the marketplace. We thank our customers who are constantly encouraging us to expand our capability and footprint to address a wide variety of customer needs."

Janet DuChenne, Executive Editor of Global Custodian said, "TCS BaNCS for Securities Processing stood out with robust processing capability with the ease of real-time settlement. Further the product was distinguished with its integrated corporate actions and cash processing capability and ability to manage Risk and Compliance."

TCS BaNCS for Securities Processing/Custody is positioned for custodians, banks and financial institutions. Its real-time, multi-entity, multi-currency, multi-asset, multi-market, multi-lingual application enables end-to-end trade-to-settlement processing to address the business needs of custodians (Global, Regional and Sub-custodians). The scalability of the TCS BaNCS solution is a significant differentiator and its reporting and compliance capability is of the highest order, considering that the regulatory landscape is constantly evolving.