SWIFTReady Accreditation for TCS BaNCS Products

TCS Financial Solutions has announced that TCS BaNCS Corporate Actions and TCS BaNCS Custody have been certified as SWIFTReady Gold Corporate Actions and SWIFTReady Gold Securities Settlement, respectively, for 2007.

The SWIFTReady Gold accreditation is awarded to applications that specifically adhere to the set of criteria linked to the support of SWIFT messages, messaging, connectivity and SWIFT functionality.

"SWIFTReady Gold accreditation for TCS BaNCS products in the corporate actions and global custody markets are testimony of our continuing commitment to follow best practices and increase the products' capabilities to maximise straight through processing (STP),” said N.G. Subramaniam, president, TCS Financial Solutions.

"The award renewal for 2007 demonstrates TCS Financial Solutions' ongoing contribution to the industry, improving both securities settlement and corporate actions processing for the benefit of financial institutions worldwide," said Herve Valentin, partner solutions manager, SWIFT.

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