HDFC Bank Implements TCS BANCS Treasury Solution

HDFC Bank has announced the successful implementation of TCS BANCS Treasury solution.

TCS BANCS Treasury is an integrated treasury management and accounting system that seamlessly incorporates Web-based front, middle and back office functions. The solution supports Straight Through Processing (STP) to ensure automatic deal capture, processing and messaging activities.

With this implementation, HDFC Bank is better able to support increased volumes in its treasury operations division, and is benefiting from greater speed-to-market and enhanced revenue growth opportunities. TCS BANCS Treasury has provided HDFC Bank with improved capabilities in market risk management and middle office operations. TCS Financial Solutions has also supported HDFC Bank's transition from eight legacy systems to one standardised technology platform which was implemented in an aggressive nine-month timeframe.

"HDFC Bank is experiencing outstanding growth in its treasury operations. TCS Financial Solutions is the ideal partner to help us accelerate this growth, better serve our customers and strengthen our position in the Indian banking industry," said C. N. Ram, head of Information Technology at HDFC Bank. "We selected TCS Financial Solutions because of the company's excellent understanding of our business goals and technical requirements, as well as its superior customer service and seamless implementation process."

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