TCS Financial Solutions' Payments Product Wins Technology Award

TCS Financial Solutions has announced that it has successfully launched a unified European payments solution.

“Collectively, TCS Financial Solutions and Société Générale have successfully built a multi-country, multi-currency European payments platform” commented T. Roehm, head of Société Générale Corporate Cash Management.

In addition, TCS Financial Solutions has been honoured by The Banker magazine with the 2007 Cash Management / Treasury Technology Award. The Banker selected QUARTZ Payments - recently rebranded as TCS BαNCS Payments - based on its architecture, integration features and ability to provide one of Europe's largest banks with a unified payments infrastructure that included TARGET2 and SEPA compliant functions and capabilities.

According to N. G. Subramaniam, president of TCS Financial Solutions, “The Banker Technology Awards were established to recognise excellence in banking technology innovation and TCS Financial Solutions is proud to be honuored with The Banker magazines Technology Award in Cash Management / Treasury. The focus of TCS BαNCS Payments product is to deliver an integrated solution which assists leading banks such as Société Générale to consolidate back office operations and provide a uniform customer experience across multiple geographies.”

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