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TCS BaNCS Compliance from TCS Financial Solutions
Integrated compliance solution that provides transaction monitoring, customer screening, and regulatory reporting capabilities. Uses advanced analytics to detect suspicious patterns and reduce false positives.
More about TCS Financial Solutions
Product analysis by function
Transaction Surveillance Software for Compliance and Risk Management
Tools that monitor trading activities, detect potential conflicts of interest, identify suspicious transactions, and ensure compliance with anti-money laundering (AML) regulations.
More Transaction Surveillance Software
More Compliance and Risk Management ...
Core Transaction Monitoring
(7 Yes /7 Known /10 Possible features)
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Real-time Transaction Monitoring Ability to surveil and analyze transactions in real time to quickly detect suspicious activity. |
Official product literature advertises real-time transaction monitoring as a core feature. | |
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Historical Data Analysis Facility to analyze past transactions for risk patterns or post-incident reviews. |
TCS BaNCS Compliance supports historical analysis for risk pattern detection and audit purposes. | |
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Automated Rules Engine Customizable rule sets for flagging potentially non-compliant or risky transactions. |
Documentation and marketing collateral mention customizable rules engine for automated detection. | |
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Pattern Recognition System can identify transaction patterns indicative of known risks (e.g., layering in money laundering). |
Product uses advanced analytics for pattern recognition to identify suspicious transactions. | |
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Ad-hoc Query Capability On-demand querying and filtering of transaction data for investigations. |
Ad-hoc querying capability is highlighted in product feature set. | |
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Transaction Throughput The maximum number of transactions processed per second. |
No information available | |
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Volume Capacity The largest number of records manageable in system storage without degradation. |
No information available | |
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Cross-channel Surveillance Ability to monitor transactions across multiple platforms and channels (trading, banking, payments). |
Product supports monitoring across payment, banking, and trading channels. | |
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Suspicious Activity Detection Rate Percentage of detected genuine suspicious transactions vs overall suspicious cases in the system. |
No information available | |
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Data Enrichment Ability to augment transaction records with additional data sources for enhanced detection. |
Data enrichment is cited in TCS BaNCS' analytics-based detection methods. |
AML & Compliance Features
(9 Yes /9 Known /10 Possible features)
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Automated AML Flags Pre-configured triggers and alerts aligned to common AML red flags. |
System includes pre-configured AML alerts as part of feature set. | |
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Sanctions List Screening Automatic comparison of transacting parties against current global sanctions and watchlists. |
Sanctions screening is a listed automated feature for transacting parties. | |
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Politically Exposed Persons Screening Detection and alerting when transactions involve politically exposed persons (PEPs). |
Product specifies Politically Exposed Persons (PEP) screening capabilities. | |
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Currency Transaction Reporting (CTR) Automated preparation and filing of mandatory currency transaction reports to authorities. |
Automated currency transaction reporting is included in compliance functionalities. | |
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Suspicious Activity Report (SAR) Workflow Integrated tools for generating, tracking, and managing SAR filings. |
SAR (Suspicious Activity Report) workflow management is provided for compliance teams. | |
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OFAC & Global List Updates Frequency How frequently the system refreshes and applies global sanctions lists and PEP data. |
No information available | |
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Geo-Fencing & Jurisdiction Tagging Automatic classification and monitoring by geographic areas of risk. |
Geo-fencing and jurisdiction tagging are described as built-in capabilities for risk classification. | |
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Threshold Management Customizable thresholds for flagging high-value or high-frequency transactions. |
Threshold management is supported via customizable risk parameters. | |
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Multi-leg Transaction Tracing Ability to follow complex, multi-step transaction flows for layered AML schemes. |
Multi-leg transaction tracing is available for complex AML investigations. | |
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Regulatory Change Management Tools for tracking and automatically updating rules in response to regulatory changes. |
System provides tools to manage regulatory changes and update rules as required. |
Trade Surveillance
(1 Yes /1 Known /10 Possible features)
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Insider Trading Detection Algorithms to flag possible cases of insider trading based on news, price movements, and access rights. |
No information available | |
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Market Manipulation Alerts Detection of market manipulation patterns such as spoofing, layering, and wash trading. |
No information available | |
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Fairness Monitoring Surveillance for best execution, front running, and trade allocations. |
No information available | |
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Conflict of Interest Detection Automatic detection of potential conflicts based on employee accounts and trade history. |
No information available | |
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Trade Reconstruction Tools Ability to reconstruct order and trade histories for audit and investigation. |
No information available | |
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Alert Investigation Workflow Structured processes and tools to review and escalate detected trade alerts. |
No information available | |
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Supervisory Dashboard Centralized view for compliance officers to monitor and prioritize potential trade violations. |
No information available | |
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False Positive Rate Average proportion of trade alerts that are mistakenly flagged. |
No information available | |
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Coverage of Instrument Types Number of supported asset types for surveillance (equities, derivatives, FX, fixed income, etc.). |
No information available | |
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Exchange & Venue Coverage Ability to monitor trades across global exchanges and trading venues. |
Product supports monitoring across various markets and venues as part of cross-channel surveillance. |
Data Integration & Quality
(5 Yes /5 Known /10 Possible features)
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Multi-source Data Integration Supports ingesting data from multiple internal and external sources (e.g., trade systems, banks, brokers). |
Integration with multiple internal/external data sources is a core system capability. | |
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Real-time Data Feed Support Integration with streaming data feeds for live monitoring. |
Supports real-time data streams for live transaction monitoring. | |
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Data Format Compatibility Supported number of standard and custom data formats. |
No information available | |
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API Availability Availability of APIs for system integration and data exchange. |
APIs are listed for integration with core banking and risk platforms. | |
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Data Validation & Sanitization Automated checks for data quality, accuracy, completeness, and consistency. |
Automated data validation and sanitization are used to ensure compliance data quality. | |
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Data Retention Period Maximum duration data can be securely stored and archived. |
No information available | |
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Data Lineage Tracking Ability to trace the origin and history of each data element. |
No information available | |
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Duplicate Transaction Detection Automatic identification of duplicate transaction records. |
Duplicate transaction detection is included to flag and remove redundant entries in compliance processes. | |
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ETL Performance Speed of extracting, transforming, and loading data. |
No information available | |
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Manual Data Entry Support Allows for secure manual input and corrections of data where needed. |
No information available |
Alerting & Case Management
(9 Yes /9 Known /10 Possible features)
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Alert Generation Automatic and manual alert generation for detected risks and violations. |
Automated alerting mechanisms are described as part of suspicious pattern detection. | |
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Alert Prioritization Ability to score or prioritize alerts based on risk or urgency. |
System can prioritize alerts based on risk detection algorithms. | |
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Case Management Workflow Integrated process for tracking, investigating, and documenting cases. |
Case management and workflow tools are detailed in feature list. | |
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Audit Trail Comprehensive logs of all alert and case related actions for compliance. |
Robust audit logs for all case and alert-related actions as per compliance requirements. | |
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Attachment & Evidence Management Support for linking supporting documents or evidence to a case. |
Ability to attach and manage evidence in compliance case files is documented. | |
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Role-based Escalation Automated alert/case escalation based on user roles or business rules. |
Role-based escalation workflows are configurable based on compliance team structure. | |
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Automated Notifications System sends emails or in-app messages upon alert trigger or escalation. |
System supports automated notifications and in-app/email alerts. | |
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Custom Alert Rules Users can define specific alert rules/templates as per firm policy. |
TCS BaNCS enables users to define custom alerting rules for various risk policies. | |
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Alert Resolution SLA Tracking Measurement of time taken from alert creation to resolution. |
No information available | |
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Bulk Alert Handling Processing, assigning, or closing multiple alerts at once. |
Bulk processing of alerts is mentioned among efficiency improvements. |
User Management & Access Controls
(3 Yes /3 Known /10 Possible features)
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Role-based Access Control Granular control of who can see or act on what data and features. |
Role-based access control is a documented security feature. | |
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Single Sign-On (SSO) Support for central authentication and SSO standards. |
No information available | |
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Multi-factor Authentication Requirement for two or more forms of identity verification. |
Multi-factor authentication is described as part of system security. | |
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User Audit Logs Tracking of each user’s actions for security and compliance audits. |
User audit logs are maintained for compliance tracking and review. | |
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Permission Templates Ability to create, save, and apply reusable permission settings across user groups. |
No information available | |
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Temporary Access Management Time-limited or project-based access assignments. |
No information available | |
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Concurrent User Support Maximum number of users able to use the system simultaneously. |
No information available | |
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Deprovisioning Automation Automated removal of access rights upon employee departure or role change. |
No information available | |
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Segregation of Duty Support Helps implement separation of critical tasks to different users for internal controls. |
No information available | |
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IP Whitelisting Restricting access only to users from approved network locations. |
No information available |
Reporting & Analytics
(7 Yes /7 Known /10 Possible features)
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Standard Regulatory Reports Automated generation of reports required by key regulatory regimes (e.g., FINRA, FCA, SEC). |
Standard regulatory reporting modules (e.g., SAR, CTR) are part of documented feature set. | |
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Custom Report Builder Users can design and generate tailored analytic and compliance reports. |
Custom report builder is supported for tailored regulatory analytics and compliance reports. | |
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Scheduled Reporting Reports can be automatically scheduled and distributed. |
Scheduled reporting is included for regulatory and management reporting workflows. | |
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Dashboards & Data Visualization Interactive dashboards and visual summaries of key metrics and trends. |
Dashboards and visualizations are provided for compliance metrics and trends. | |
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Drill-down Analysis Ability to drill from top-line summaries to detailed transaction or alert records. |
Drill-down analysis from summary to transaction or alert records is present. | |
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Report Export Formats Available formats for exporting reports (e.g., PDF, Excel, CSV). |
No information available | |
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KPI Tracking Track key performance indicators (alerts handled, case closure rate, etc.). |
KPI tracking is available for monitoring compliance team and alert handling performance. | |
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Peer Group Benchmarking Compare your organization's risk/compliance statistics to industry benchmarks. |
No information available | |
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Audit Certified Reports Reports can be generated with system-assured audit certification. |
No information available | |
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Ad Hoc Analytics Module Tools for creating advanced, one-off analytic queries and visualizations. |
Ad hoc analytics tools are mentioned as part of advanced reporting and investigation. |
Artificial Intelligence & Advanced Analytics
(7 Yes /7 Known /10 Possible features)
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Anomaly Detection Algorithms Machine learning-based identification of unexpected or suspicious activity. |
Product employs machine learning for anomaly and suspicious activity detection. | |
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Behavioral Analytics Profiling users/entities to detect deviations from normal transaction behaviors. |
Behavioral analytics are used to profile and detect deviations indicative of risk. | |
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Self-Learning Models Models that adapt alerting parameters based on new data and emerging patterns. |
No information available | |
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Natural Language Processing Analysis of unstructured data (emails, notes) for surveillance signals. |
Natural language processing is cited as part of unstructured data analysis support. | |
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False Positive Reduction Technology AI mechanisms to significantly lower the number of irrelevant alerts. |
False positive reduction via advanced analytics and AI is cited as a feature. | |
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Explainable AI Outputs Provides reasoning or evidence for each AI-driven alert. |
No information available | |
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Alert Scoring Models Assign risk scores or likelihoods to each alert based on statistical analysis. |
Risk scoring models for alert prioritization are documented. | |
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Model Re-training Frequency How often AI/ML models are retrained to keep up with new data. |
No information available | |
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Scenario Simulation Test and validate AI models or surveillance rules against simulated scenarios. |
Scenario simulation/testing is mentioned for model validation. | |
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Custom Model Integration Ability to import or develop custom analytics or ML models. |
Custom models can be integrated as part of advanced analytics functionality. |
Audit & Regulatory Compliance
(8 Yes /8 Known /10 Possible features)
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Comprehensive Audit Logging All user/system activities and changes are logged in detail. |
Comprehensive audit logs for user/system activities are part of compliance assurance features. | |
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Regulatory Certification/Attestation Product is certified or attested for compliance with relevant standards (e.g., SOC, ISO, GDPR). |
TCS BaNCS has regulatory certification/attestation for relevant compliance standards (e.g., ISO, SOC). | |
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Immutable Record Storage Ensures audit logs and key record cannot be altered or deleted. |
Immutable record storage is available to meet audit integrity requirements. | |
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Audit Trail Search & Filtering Robust search/filter tools for audit record review. |
Audit trail search/filtering tools are provided for compliance audits. | |
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Time-stamping and Synchronization Automated and accurate time-stamping of each transaction and activity. |
Automatic and accurate time-stamping is part of compliance and forensics support. | |
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Audit Report Generation One-click generation of compliance/audit output. |
Audit report generation with one-click download is supported. | |
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Change Management Tracking Logs and summarizes rule, threshold, and configuration changes. |
Change management tracking is part of compliance for configuration changes. | |
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Data Privacy Compliance Controls Privacy features for GDPR, CCPA, or relevant data protection regimes. |
Privacy compliance controls for GDPR/CCPA are described in documentation. | |
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Retention Policy Enforcement Automation to manage data retention in line with regulatory requirements. |
No information available | |
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Accessibility to Regulators Secure, controlled regulator access to requested surveillance data. |
No information available |
Security & Infrastructure
(7 Yes /7 Known /10 Possible features)
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Data Encryption at Rest All stored data is encrypted to industry standards. |
Data encryption at rest is a stated security practice in system documentation. | |
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Data Encryption in Transit All data moving in/out of the platform is encrypted. |
Data in transit is encrypted using industry-standard protocols. | |
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Disaster Recovery Capability Built-in failover and data recovery mechanisms. |
Disaster recovery and failover mechanisms are listed in the system infrastructure feature set. | |
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High Availability Uptime Guaranteed minimum system uptime. |
No information available | |
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Penetration Testing Frequency Schedule for regular security penetration/vulnerability tests. |
No information available | |
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Security Incident Response Documented and tested incident response processes. |
Security incident response plans and processes are detailed in compliance documentation. | |
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Physical Data Center Security Data centers conform with industry physical security standards. |
Data centers used by TCS BaNCS comply with physical security standards. | |
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Cloud or On-premise Deployment Options Ability to deploy the solution in the cloud, on-premises, or hybrid models. |
Supports both cloud and on-premise deployment models according to client requirements. | |
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Automated Patch Management Automatic deployment of security updates and patches. |
Automated patch management is provided across product releases. | |
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Scalability Metrics The scale to which system performance can be expanded. |
No information available |
Support, Usability & Training
(7 Yes /7 Known /10 Possible features)
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User-Friendly Interface Intuitive user interface for quick adoption and daily use. |
User interface is designed for compliance users and is cited as user-friendly in product documentation. | |
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Online Help & Documentation Comprehensive, accessible, and searchable system user guides. |
Product documentation and help resources are available online. | |
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Contextual Assistance In-app tooltips, guides, and context-sensitive help for key functions. |
In-app tooltips and guidance support are part of the usability suite. | |
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Multilingual Support Availability of user interface and documentation in multiple languages. |
No information available | |
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Training Programs Availability of product training for staff and compliance officers. |
Training programs for users and compliance teams are offered during and after implementation. | |
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Knowledge Base Rich repository of FAQs and resolved issues for support. |
Knowledge base for FAQs and product support is available. | |
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Customer Support Availability Hours per day that product support is available (e.g., 24/7). |
No information available | |
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Ticketing System Integrated issue and feature request tracking. |
Product includes a support ticketing system for issue tracking. | |
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System Customization Level Extent to which users can tailor features or workflows to their specific needs. |
No information available | |
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Release Notes / Update Notifications In-product or emailed communications for new releases and critical patches. |
System provides release notes and update notifications for users. |
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