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:

Regenta & Royal Orchid Hotels announce launch plans for Three New Properties

Phillips Carbon Black unveils World's latest R&D Centre named after Sushila Goenka

Apollo Pipes Ltd to acquire assets of Kisan Mouldings Ltd's plant in Tumkur

Acuité Ratings & Research Limited reaffirms rating of Permanent Magnets Ltd

Integra Engineering India Ltd posts net profit of Rs. 1.69 crore in Q1 FY20

D B Corp Ltd Q1 PAT at Rs. 93.72 crore

BHEL wins Rs.750 Crore order for Emission Control System

Donimalai Iron Ore Mine of NMDC to Resume Operations

Colgate-Palmolive India Ltd Q1 net profit drops to Rs. 169.11 crores

RIL arm completes acquisition of 100% stake in Hamleys Global Holdings Limited

Hester Biosciences Ltd board to consider Q1 results on July 31, 2019

Zydus announces completion of enrollment in three Phase III trials of Saroglitazar Magnesium in NASH

Caplin Steriles gets USFDA approval for Tranexamic Acid Injection

Mindtree Named a Preferred Partner for Microsoft Azure Kubernetes Service

The Ramco Cements Ltd bags two awards

Kalyani Forge Ltd board to consider Q1 results on July 26, 2019

Gujarat Hotels Ltd announces resignation of Ms Devkanya Roy Choudhury

Oriental Foundry Private Ltd awarded approval for Prototype BOXHNL Wagons

L&T Hydrocarbon Engineering awarded Marjan Oil Increment EPCI project in Saudi Arabia

Wipro Ltd awaits nod from SEBI for buyback offer letter

SKM Egg Products Export India Ltd board to consider final dividend, Q1 results on July 31, 2019

CARE Ratings Limited dumps CEO pending resolution of complaint against him

USFDA classifies Torrent Pharmaceuticals Ltd's Dahej facility as OAI

Firstsource Solutions Ltd appoints Mr. Vipul Khanna as MD & CEO

Mindtree Ltd Q1 net profit falls to Rs. 92.7 crores

CARE Ratings reaffirms ratings of S Chand and Company Ltd

Allahabad Bank reports borrowal fraud of exposure in SEL Manufacturing Ltd

Ind-Ra downgrades rating of Eveready Industries India Ltd

Thomas Cook India honoured with 'India Travel Partner of the Year 2018' Award by SAP Concur

Confidence Petroleum India Ltd board to announce first quarter results on July 26, 2019

Excel Industries Ltd board to approve quarterly results on Aug 13, 2019

MPS Ltd board to consider Q1 results on July 24, 2019

Newgen Secures Patent for Automated Quality and Usability Assessment of Scanned Documents

DFM Foods Ltd posts PAT of Rs. 7.63 crore in Q1 FY20

Sudarshan Chemical Industries Ltd board to approve first quarter results on Aug 7, 2019

Alkyl Amines Chemicals Ltd calls for board meeting on Aug 6, 2019

Torrent Power Ltd board to consider 1st quarter results on Aug 5, 2019

Shoppers Stop Ltd board to approve Q1 results on July 30, 2019

YES Bank Ltd reports net profit of Rs. 95.56 crores in Q1 FY20

OIL sign contract for the blocks awarded under OALP Bids Round II & III

MAGGI Fusian Noodles Records Overwhelming Sales On Amazon Prime Days

WIPRO Ltd Q1 FY20 consolidated PAT up YoY at Rs. 2387.6 crores

Mahanagar Gas Ltd board to consider Q1 results on Aug 8, 2019

Insecticides India Ltd board to announce first quarter results on Aug 2, 2019

Khadim India Ltd board to approve 1st quarter results on Aug 6, 2019

NMDC Ltd announces production and sales for June 2019

Ind-Ra updates on ratings of Rajkumar Forge Ltd

Menon Bearings Ltd Board declares Interim Dividend of Rs. 1.25

Jindal Stainless Limited clamps down on counterfeit market with a co-branding initiative

Aditya Birla Money Ltd Q1 PAT up at Rs. 3.49 crore







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

disclaimer copyright © 2005 - 2019