Tata Consultancy Services said on Thursday that Nedbank Investor Services (NIS), a division of Nedbank Ltd, has selected the TCS BaNCS suite of products to replace its securities and custodial applications.
Financial details pertaining to the deal were not disclosed. Ms Louise Currie, General Manager, Nedbank Investor Services, said, “After extensive analysis of various parameters including functional fit, scalability, Service-Oriented Architecture, compliance and the ability to support the solution in South Africa and other parts of Africa as well, NIS selected the TCS BaNCS suite of products.
This solution will help us extend our footprint beyond equities and money markets and actively engage in the bonds markets.”
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.