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TCS BaNCS for Securities Processing and Custody from TCS Financial Solutions
End-to-end securities processing, covering trade management, settlement, reconciliations, corporate actions, and safekeeping. Supports global markets, multiple asset classes, and compliance with local and international regulations.
More about TCS Financial Solutions
Product analysis by function
Custody Management Systems for Operations
Solutions for safekeeping client assets, processing corporate actions, managing dividends and interest payments, and tracking securities positions.
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Account Management
(11 Yes /11 Known /12 Possible features)
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Multi-currency Support Ability to manage accounts in various currencies. |
Product supports global markets and settlements in multiple markets, implying strong multi-currency support. See product literature. | |
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Sub-account Structure Enables creation and tracking of multiple sub-accounts under a primary account. |
End-to-end account and sub-account management is a core system capability per the TCS BaNCS product page. | |
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Account Tiering Supports account segmentation for different service or compliance levels. |
System advertises support for differentiated account services for various client types, covering account tiering needs. | |
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Automated Account Opening Provides automated workflows for new account onboarding. |
TCS BaNCS supports automated onboarding as part of its digital transformation emphasis. | |
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Client Data Validation System automatically checks and validates client data during account onboarding. |
Automated client data validation is mentioned as part of straight-through processing. | |
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Account Status Tracking Tracks status (active, closed, suspended) for each account. |
Tracks all account lifecycle statuses (open, closed, suspended) as part of core workflow. | |
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Bulk Account Management Ability to perform mass actions on multiple accounts, such as updates or closures. |
System is suitable for large institutions, supporting bulk operations per batch management features. | |
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Document Management Stores and manages supporting documents for each account. |
Document imaging and management module is a standard inclusion. | |
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Automated KYC Checks Performs automated Know Your Customer (KYC) checks during onboarding and periodically. |
Automated KYC/AML checks are supported and referenced on the product page. | |
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Account Hierarchy Visualization Visualizes parent-child relationships between related accounts. |
Supports complex account structures and hierarchies with visualizations for reporting purposes. | |
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Account Data Encryption Ensures that all sensitive account data is encrypted at rest and in transit. |
TCS BaNCS architecture stresses data security, including encryption at rest and in transit. | |
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Custom Account Fields Allows addition of custom data fields for specific business requirements. |
. | No information available |
Asset and Position Management
(5 Yes /5 Known /12 Possible features)
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Real-time Position Tracking Monitors all positions (securities, cash, etc.) in real-time. |
Enables real-time position management for cash and all supported asset classes. | |
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Holdings Reconciliation Supports matching and reconciling of positions with external sources. |
Daily and intraday reconciliation is advertised, with automated break detection. | |
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Corporate Actions Processing Automated handling of corporate actions like dividends, mergers, splits, etc. |
System supports full corporate actions lifecycle management, including automation. | |
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Multi-Asset Class Support Supports custody and management of various asset classes (equities, fixed income, derivatives, etc.). |
Explicit support for multiple asset classes, including equities, debt, and derivatives. | |
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Asset Transfer Management Facilitates transfers of assets in and out of custody, including DVP/RVP. |
Includes DVP/RVP and asset transfer workflows. | |
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Automated Valuations Systematically values client assets at specified intervals. |
. | No information available |
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Historical Position Reporting Ability to report historical positions as of particular dates. |
. | No information available |
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Position Limits Monitoring Monitors client and firm-level position limits with alerting. |
. | No information available |
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Missing/Break Reporting Identifies and reports on missing or broken position records. |
. | No information available |
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Asset Classification Classifies assets by custom attributes and standardized taxonomies. |
. | No information available |
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Physical Security Custody Supports tracking and safekeeping of physical securities/certificates. |
. | No information available |
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Automated Fee Calculation Calculates and posts custody/holding fees based on positions. |
. | No information available |
Transaction Processing
(3 Yes /3 Known /12 Possible features)
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Trade Capture Automated integration with trade execution platforms to ingest trade data. |
Trade capture via API/automated means is a core function. | |
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Straight Through Processing (STP) Supports end-to-end automation of transaction lifecycle without manual intervention. |
STP is a hallmark of TCS BaNCS, reducing manual intervention. | |
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Exception Management Identifies and manages failed or unusual transactions for review. |
. | No information available |
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Transaction Audit Trail Maintains a comprehensive log of actions and changes for all transactions. |
Full transaction audit trails maintained per compliance standards. | |
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Batch Processing Speed Number of transactions the system can process in a batch per hour. |
No information available | |
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Multistep Approval Workflows Supports customizable, multi-level approval processes. |
. | No information available |
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Backdating/Forward Dating Allows users to process transactions with effective dates in the past or future. |
. | No information available |
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Reference Data Integration Automated enrichment and validation of transaction data using external reference data. |
. | No information available |
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Reversal Handling Automated tools for reversing/correcting erroneous transactions. |
. | No information available |
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Settlement Status Monitoring Tracks settlement progress for each transaction. |
. | No information available |
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Transaction Fees Calculation Calculates transaction-specific fees and charges. |
. | No information available |
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Transaction Types Supported Number of different transaction types (buy, sell, transfer, etc.) supported. |
. | No information available |
Reconciliation and Reporting
(5 Yes /5 Known /12 Possible features)
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Automated Bank Reconciliation Matches system transactions against bank statements automatically. |
. | No information available |
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Custodian Broker Reconciliation Automated reconciliation with counterparties and brokers. |
. | No information available |
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Customizable Report Templates Allows users to create custom report layouts and templates. |
Product collateral mentions customizable report templates for various regulatory and business reports. | |
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Regulatory Report Generation Generates compliance reports for relevant jurisdictions. |
Designed for multi-jurisdictional compliance, supporting regulatory report generation. | |
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End of Day (EOD) Reporting Time Time taken to generate full EOD reports after market close. |
. | No information available |
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Exception Reporting Highlights discrepancies and breaks in transactions or positions. |
. | No information available |
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Scheduled and On-Demand Reports Enables both periodic scheduled reports and ad-hoc on-demand generation. |
. | No information available |
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Data Export Formats Supported Number of common export formats (CSV, PDF, XML, etc.) available. |
. | No information available |
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User Access to Reports Granular controls for who can access specific reports. |
User permissions can be configured to control access to different report types. | |
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Multi-language Support Can produce reports in different languages for international clients. |
Global support and multi-language document capabilities are advertised. | |
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Audit Reporting Maintains a log of changes to reports and reconciliations. |
Tracks changes and logs for all critical reporting-related actions. | |
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Aging of Reconciliation Breaks Tracks and reports how long reconciliation breaks have remained unresolved. |
. | No information available |
Compliance and Regulatory
(4 Yes /4 Known /11 Possible features)
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AML Screening Integrated anti-money laundering checks on accounts and transactions. |
Integrated AML screening as part of compliance suite. | |
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Sanctions and Watchlist Screening Automated screening against updated sanctions lists and watchlists. |
Automated sanctions/watchlist compliance updates are included by default. | |
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Automated Regulatory Filings Generates and files regulatory documents automatically where possible. |
. | No information available |
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GDPR/Privacy Compliance Tools Features to support compliance with global data privacy requirements. |
. | No information available |
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Electronic Signatures Support Ability to store and validate digital or electronic signatures for compliance. |
. | No information available |
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Audit Logging and History Comprehensive logs of user activity and system changes. |
User and system audit logs are kept in compliance with international regulatory norms. | |
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Configurable Compliance Checklists Customizable checklists to enforce firm or jurisdictional policies. |
. | No information available |
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Regulatory Rule Updates Frequency How often system regulatory rules are updated for global compliance. |
. | No information available |
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Sensitive Data Masking Prevents unauthorized viewing of sensitive client data. |
. | No information available |
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Real-Time Compliance Alerts Notifies users of compliance breaches or suspicious activity immediately. |
Real-time alerting and compliance notification capabilities are claimed in product materials. | |
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Pre-Trade/Pre-Instruction Compliance Checks Ensures all trades/instructions are compliant before execution. |
. | No information available |
Client Interaction and Communication
(1 Yes /1 Known /10 Possible features)
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Secure Client Portal Provides clients with a secure, web-based access to their holdings and reports. |
Secure client-facing portal is mentioned (for institutional and retail clients). | |
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Client Notifications and Alerts Automated notifications for key events, transactions, or issues. |
. | No information available |
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Statement Generation Automatic creation and distribution of periodic client statements. |
. | No information available |
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Customizable Dashboard Widgets Clients can personalize their portal dashboards with relevant widgets. |
. | No information available |
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Chat and Messaging Integration Built-in secure communication between clients and operations teams. |
. | No information available |
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Online Instruction Submission Clients can submit instructions (transfers, asset movements) online. |
. | No information available |
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Real-Time Balance Updates Clients receive immediate updates to their balances following transactions. |
. | No information available |
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Multi-Channel Communications Supports email, SMS, and in-app notifications. |
. | No information available |
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Document Upload and Download Clients can securely send/receive documents via the portal. |
. | No information available |
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Feedback Collection Tools Gather client feedback on service quality and portal usability. |
. | No information available |
Security and Access Control
(5 Yes /5 Known /10 Possible features)
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Role-Based Access Control (RBAC) User access and permissions are governed by role assignments. |
RBAC is part of access control and security best practices in the system. | |
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Multi-factor Authentication System requires two or more authentication methods for access. |
Supports MFA for administrator and client access. | |
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Single Sign-On (SSO) Support Allows access with single sign-on credentials integrated with enterprise systems. |
Integration with enterprise SSO solutions is available. | |
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User Session Timeout Set duration after which inactive sessions log out automatically. |
. | No information available |
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Permission Auditing Tracks and reports on changes to user permissions. |
. | No information available |
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Data Encryption In-Transit Ensures all data transmitted over networks is encrypted. |
Encryption in-transit, including TLS/SSL, is standard. | |
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Data Encryption At-Rest All stored data is encrypted on disk or database. |
Explicit support for data encryption at-rest, meeting global data security requirements. | |
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Intrusion Detection Monitors access attempts to detect and report intrusions. |
. | No information available |
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IP Whitelisting/Blacklisting Restricts access to specific IP address ranges as needed. |
. | No information available |
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User Activity Monitoring Logs user activity for audit and traceability. |
. | No information available |
Integration and Interoperability
(4 Yes /4 Known /10 Possible features)
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API Availability Provides application programming interfaces (REST, SOAP, etc.) for third-party integrations. |
Robust API availability (REST/SOAP) for third-party and partner integrations. | |
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File Format Flexibility Ability to support various file formats (CSV, XML, JSON, etc.) for data exchange. |
System design supports flexibility with standard industry file formats. | |
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SWIFT Messaging Support Natively integrates with SWIFT for secure financial messaging. |
SWIFT integration referenced in securities settlement and messaging modules. | |
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FIX Protocol Integration Supports Financial Information Exchange (FIX) protocol for trade and order data. |
. | No information available |
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Core Banking Integration Can connect to core banking systems for settlement and cash processing. |
. | No information available |
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Market Data Feeds Ingests live or historical market data for price validation and reporting. |
. | No information available |
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Data Warehouse/BI Integration Feeds consolidated data directly into enterprise BI and analytics platforms. |
. | No information available |
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Batch and Real-Time Data Exchange Supports both scheduled batch and real-time data synchronization. |
System supports both batch and real-time data processing and interfaces. | |
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Integration Setup Time Estimated time to configure and enable a new integration. |
. | No information available |
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Third-party Vendor Support Certified integrations with major market infrastructures and external providers. |
. | No information available |
Scalability and Performance
(3 Yes /3 Known /9 Possible features)
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Concurrent User Capacity Maximum number of users who can actively use the system simultaneously. |
. | No information available |
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Transaction Throughput Maximum number of transactions system can process per second. |
. | No information available |
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Data Storage Capacity Total supported data volume without performance degradation. |
. | No information available |
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Horizontal Scaling Support Can system expand capacity by adding new servers or cloud instances easily. |
System marketed as cloud-ready and scalable, supporting horizontal scaling. | |
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Load Balancing Supports distribution of incoming activity across multiple servers. |
Load balancing is supported for high availability and scalability. | |
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Disaster Recovery RTO Recovery Time Objective: Maximum targeted duration to restore system after failure. |
. | No information available |
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Disaster Recovery RPO Recovery Point Objective: Maximum data loss in case of disaster. |
. | No information available |
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System Response Time Average time for system to respond to standard user actions. |
. | No information available |
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Uptime Guarantee Guaranteed percentage of system availability. |
undefined TCS provides high uptime guarantees as part of their managed services model (>99.9%). |
User Experience and Usability
(3 Yes /3 Known /10 Possible features)
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Customizable User Interface System UI can be personalized to user or team preferences. |
Customizable user interface is noted in feature and demo materials; allows configuration by role. | |
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Multilingual Interface Supports displaying user interface in multiple languages. |
. | No information available |
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Mobile Device Support Can be accessed and used efficiently from mobile or tablet devices. |
Mobile and tablet access supported as part of user experience design. | |
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Self-Service Help and Tutorials Includes built-in help, guides, and interactive tutorials for users. |
. | No information available |
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Intuitive Navigation Organized menus and workflows for ease of movement through the system. |
Emphasis on usability and intuitive structure in client and administrator portals. | |
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Accessibility Compliance Meets standards for accessibility (e.g., WCAG compliance). |
. | No information available |
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Personalized Dashboards Each user can set up their own dashboard views. |
. | No information available |
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Notification Center Centralized area for all user messages and alerts. |
. | No information available |
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Drag-and-Drop Workflow Editors Users can visually customize workflows without programming. |
. | No information available |
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Quick Search Functionality Global, fast search capability across accounts, transactions, and positions. |
. | No information available |
Support, Maintenance, and Vendor Services
(6 Yes /6 Known /10 Possible features)
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24/7 Technical Support Access to technical support staff at all times. |
TCS provides 24/7 support for its mission-critical systems globally. | |
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User Training Programs Comprehensive onboarding and ongoing training for end-users. |
Structured onboarding and continuing training for enterprise clients through TCS. | |
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Service Level Agreement (SLA) Contracted commitments to system uptime and issue resolution. |
Explicit mention of service level agreements for uptime and response is found in TCS offering materials. | |
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Release/Upgrade Frequency Number of software releases or upgrades per year. |
. | No information available |
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Custom Feature Development Vendor provides support for developing additional custom functionalities. |
TCS consults on and delivers custom feature developments for clients. | |
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Issue Resolution Time Average time to resolve reported issues or bugs. |
. | No information available |
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Dedicated Account Manager Assigned representative for ongoing relationship management. |
. | No information available |
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User Community and Forums Access to community forums and user groups. |
. | No information available |
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Automated System Monitoring Vendor provides monitoring for system performance and outages. |
Automated proactive system monitoring is provided by the managed services arm. | |
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Documentation Quality Comprehensive, searchable online documentation. |
Comprehensive online documentation with search and cross-reference is provided as standard. |
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