TCS launches new solution for biz application

Kolkata, Sep 8 (UNI)TCS Financial Solutions, a Tata Consultancy Services (TCS) arm providing business application solutions to the banking, insurance and capital market industries, today announced the launch of TCS BaNCS Market Infrastructure Version 3.0 with additional functionalities.

Informing this, a TCS communique today said two leading exchanges in New Zealand and Dubai had already adopted the solution to witnesss significant benefits of an agile infrastructure in the form of rapid clearing cycles and faster new product launch capability.

The TCS BaNCS Market Infrastructure was a TCS Financial Solution's application for central depositories and clearing organisations, the press realese informed.

It added that the solution, which had experienced increasing global market share over the past three years, had been move to a scalable J2EE technology platform.

'' We have used the TCS BaNCS Market Infrastructure for all our post-trade processing since the launch of the DIFX market, '' Dubai International Financial Exchange Chief Executive Officer Peter FitzGerald said.

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