Tata Consultancy Services (TCS) has expanded its collaboration with Northern Trust, a leading financial institution, to improve securities services in 99 markets. This partnership builds on their existing relationship since 2017, with TCS already managing corporate actions and income processing for Northern Trust.
TCS will implement its TCS BaNCS™ Global Securities Platform, a recognised securities processing system, to streamline operations. The platform’s capabilities will support Northern Trust in optimising trade settlements, asset servicing and data analysis, ensuring efficiency, accuracy and risk reduction.
With the increasing need for faster settlements and reliable financial solutions, this collaboration will help Northern Trust create a seamless and integrated securities back-office system. The platform will also strengthen data management and analytics, improving decision-making and regulatory compliance.
TCS, a global leader in IT services, has a strong presence across North America with nearly 46,000 associates. It actively collaborates with universities like Carnegie Mellon and continues to innovate through AI and IoT solutions. Recognised in FORTUNE®’s World’s Most Admired Companies™, TCS is also a certified Top Employer in North America.
TCS is part of the Tata Group, providing IT and business solutions globally for over 56 years. The TCS BaNCS™ platform, adopted by top financial institutions, enhances customer experience through cloud-based, AI-driven solutions. It supports multi-entity, multi-currency transactions, ensuring compliance with global and regional standards.
As of March 07, 2025, at 10:50 AM, the shares of TCS are trading at ₹3,598.05 per share, reflecting a loss of 0.099% from the previous day’s closing price. Over the past month, the stock has registered a loss of 10.71%. The stock’s 52-week high stands at ₹4,592.25 per share, while its low is ₹3,457.00 per share.
This expansion reinforces TCS’s commitment to transforming financial services with cutting-edge technology and trusted partnerships.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 7, 2025, 2:30 PM IST
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