Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

TCS BaNCS to help accelerate adoption of Payments Canada's modernization initiatives

Posted On: 2019-05-15 14:00:10

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, announced the launch of TCS BaNCS for Payments in Canada to help banking and financial institutions accelerate adoption of Payments Canada's Modernization initiatives to enhance their global competitiveness, and deliver a next-generation payments experience to their customers.

TCS BaNCS for Payments is a proven payments processing solution, currently available in 25 markets, including the US, UK, Europe, MEA, APAC and Africa. TCS is launching this solution in the Canadian market to help financial institutions adopt ISO20022, real-time payments and leverage payment overlay services rapidly to deliver differentiated customer experiences, while complying with Canadian banking and data privacy regulations. The solution can be deployed on the cloud or on premise based on the customer's preference.

TCS BaNCS for Payments is an integrated solution, natively built on ISO 20022 standards, with extensive end-to-end, multi-product / multi-rail payment processing capabilities. The solution is built on a modern architecture that enables easy integration with customer channels, internal systems, market infrastructure and ecosystems, leveraging API-driven capabilities to create a differentiated digital experience.

TCS BaNCS for Payments is a SWIFT Ready and SWIFT gpi Ready certified solution and supports real-time payment processing across multiple geographies, entities and currencies. It also offers unified monitoring of operations, integrated Management Information Systems (MIS), payments analytics, real-time visibility for cross-rail limits, and integrated liquidity, AML and fraud monitoring. Integrated with the TCS' Quartz Gateway, this solution enables processing of payments on blockchain platforms and ecosystems seamlessly, thereby future-proofing financial institutions.

"We are extending our globally proven TCS BaNCS for Payments solution to financial institutions in Canada and reinforcing the pivotal role we play in their ongoing transformation journeys, aligned with the Payments Canada Modernization. Our investments in staying ahead of the curve, in adopting new standards like ISO 20022 or leveraging industry innovation like SWIFT gpi, clubbed with our infrastructure initiatives, makes us key enablers of growth and transformation," said R Vivekanand, Co-Head, TCS Financial Solutions.

"Canadian enterprises are looking for greater agility and flexibility to cater to their customer needs in the evolving payments space by exploiting newer payment rails and overlay payment services. TCS has been investing in building cloud-based payments solutions and an Agile-ready workforce to cater to the evolving future needs of the banking sector and the Canadian industry at large," said Soumen Roy, Country Head, TCS Canada.

With Canadian roots that reach back over 27-years, TCS has developed its solid reputation in Canada by channeling its global capabilities into unique innovative solutions for the region. TCS has consistently introduced new products and services that align with the country's evolving needs and help customers differentiate themselves in Canada and on the world stage.

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2094.35 as compared to the previous close of Rs. 2131.1. The total number of shares traded during the day was 107390 in over 6246 trades.

The stock hit an intraday high of Rs. 2158.2 and intraday low of 2074.5. The net turnover during the day was Rs. 225640635.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

HPL Electric & Power Limited board recommends dividend of Rs. 0.20 for FY2018-19

Jindal Stainless Limited posts Q4 PAT at Rs 32 crore

Lakshmi Machine Works Ltd Board approves dividend of Rs. 35 for FY2018-19

Vivid Global Industries Ltd Board recommends dividend of Rs. 0.50 for 2018-19

Bharat Petroleum Corporation Ltd Board approves dividend of Rs. 8 per share

National Plastic Industries Ltd Board recommends Final Dividend of Rs. 1 for FY19

Indian Toners & Developers Ltd Board recommends Final Dividend of Rs. 1.50 for FY2018-19

NDTV Group announces financial results for 2018-19

HPCL Board recommends Final Dividend of Rs. 9.40

Torrent Pharmaceuticals Ltd Board recommends Final Dividend of Rs. 4 for 2018-19

Dalmia Bharat Sugar and Industries Ltd Board recommends dividend of Rs. 1.60 for 2018-19

Indostar Capital Finance Ltd Board approves final dividend of Rs. 1

HEG Ltd Board recommends Final Dividend of Rs. 50 for 2018-19

Aimco Pesticides Ltd board recommends dividend of Rs. 1.50 for 2018-19

Aegis Logistics Ltd Board to consider FY19 results & Final Dividend on May 28, 2019

Panacea Biotec receives Azacitidine USFDA approval for US market

Dynamic Cables Ltd bags two orders worth Rs. 32 crores

Himadri Speciality Chemical Ltd Board to consider FY19 results & Dividend on May 28, 2019

Manali Petrochemical Ltd Board recommends Dividend of Rs. 0.75 for FY19

Dhampur Sugar Mills Ltd Board recommends Final Dividend of Rs. 3 for 2018-19

Astral Poly Technik Ltd Board recommends Final Dividend of Rs. 0.40 for 2018-19

HEG Ltd Q4 net profit at Rs. 524.42 crores

Shree Pushkar Chemicals & Fertilisers Ltd board recommends Final Dividend of Rs. 1.5 for FY19

Maharashtra Seamless Ltd board to consider dividend on May 29, 2019

Sundaram Finance Ltd Board to consider Final Dividend for 2018-19

Hind Rectifiers Ltd reports financial results for FY19

KITEX Garments Ltd Board approves Dividend of Rs. 1.50 for 2018-19

Special Report Offers Civic Leaders Effective Strategies to Build Smart Cities

D&H India Ltd Board to consider Dividend on May 29, 2019

Talbros Engineering Ltd Board approves Dividend of Rs. 1.50 for 2018-19

Gravita India Ltd board to consider final dividend on May 28, 2019

Voltas launches its new Brand Shop in Asansol, West Bengal

TV Today Network Ltd board recommends dividend of Rs. 2.25 for 2018-19

GlaxmoSmithkline Pharmaceuticals Ltd Board approves Dividend of Rs. 20

Birla Precision Technologies Ltd board to approve FY19 results on May 28, 2019

Steel Authority of India Ltd board to consider dividend, Q4, FY19 results on May 30, 2019

Bharat Forge Ltd board recommends final dividend of Rs. 2.50 for 2018-19

Galaxy Bearings Ltd FY19 net profit higher at Rs. 6.59 crores

Super Sales India Ltd posts loss of Rs. 1.06 crore

Bharat Forge Ltd Q4 PAT at Rs. 299.50 crores

Astron Paper & Board Mill Ltd Q4 PAT at Rs. 6.60 crores

The Anup Engineering Ltd Board recommends Dividend of Rs. 7

Remsons Industries Ltd board to announce Q4, FY19 results on May 29, 2019

The Anup Engineering Limited announces FY19 results

Scan Steels Ltd calls for board meeting on May 30, 2019

Super Sales India Ltd Board approves final dividend of Rs. 2.50

Garware Polyester Ltd board to consider Dividend on May 29, 2019

Thomas Cook India launches no cost EMI-powered innovative 'Holiday Basket'

Wim Plast Ltd Board to consider FY19 results, Final Dividend

The Hi-Tech Gears Ltd Board to consider Final Dividend on May 27, 2019







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019