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TCS BaNCS for Securities Processing from TCS Financial Solutions
End-to-end back-office solution for securities firms that handles trade processing, settlement, accounting, asset servicing, and regulatory compliance. Supports multiple asset classes across global markets with real-time processing capabilities.
More about TCS Financial Solutions
Product analysis by function
Back-Office Processing Systems for Operations
Comprehensive platforms managing post-trade workflows, including confirmation, clearing, settlement, and reconciliation across different asset classes.
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Trade Capture and Validation
(8 Yes /8 Known /10 Possible features)
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Multi-Asset Support The system's ability to process and handle various asset types (equities, bonds, derivatives, etc.). |
Product documentation and marketing materials state support for multiple asset classes including equities, bonds, and derivatives across global markets. | |
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Real-Time Trade Capture The capability to capture trades in real-time at the point of execution. |
Notes reference real-time processing capabilities, indicating real-time trade capture is supported. | |
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Automated Trade Validation Automatic validation of trade bookings according to predefined business rules. |
Solution description includes automatic validation of trade bookings as part of standard workflow. | |
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Trade Enrichment Enrichment of trades with reference data (e.g., counterparty details). |
Materials specify enrichment of trade records with reference data such as counterparty details and settlement instructions. | |
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Batch and Manual Entry Support for both batch-uploaded trades and manual trade entry. |
References indicate support for both batch uploads and manual trade entry as part of operational workflows. | |
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Trade Amendment Tracking Ability to track and audit changes to trade records post-capture. |
Product features include audit trails and ability to track amendments to trade records. | |
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Error Handling Mechanisms Processes for flagging and managing exception trades or errors. |
Solution specifies exception handling and error management capabilities. | |
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Trade Unwind and Correction Options for unwinding or correcting trades if necessary. |
TCS BaNCS supports trade correction and unwind processes according to product documentation. | |
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Throughput Capacity Number of trades processed per second. |
No information available | |
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Trade Retention Period Duration that trade records are retained in the system. |
No information available |
Settlements and Clearing
(9 Yes /9 Known /10 Possible features)
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Settlement Instruction Generation Automated creation of settlement instructions based on executed trades. |
Automated settlement instruction generation is listed as a key feature. | |
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SWIFT Messaging Integration Direct integration with SWIFT for settlement confirmations and messaging. |
Direct SWIFT messaging for settlements is mentioned in solution features. | |
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Custody Integration Ability to connect to custodian banks for settlement and safekeeping. |
Custody integration (with custodian banks) is supported for settlement processes. | |
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Clearing House Connectivity Support for electronic connectivity with central clearing counterparties (CCPs). |
Support for clearing house/CCP connectivity is referenced in solution briefs. | |
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Real-Time Settlement Status Updates Real-time tracking of settlement statuses for all trades. |
Product supports real-time status updates for settlements, as per solution overview. | |
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Automated Matching and Reconciliation System automatically matches internal and external settlement details. |
Automated matching and reconciliation of settlement details is a described feature. | |
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Fail Management Tools Identification, tracking, and reporting of failed settlements. |
Fail management and reporting of failed settlements are included in the solution description. | |
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Settlement Netting Netting of settlement obligations to reduce operational risk and costs. |
Settlement netting supported to reduce exposures and operational costs. | |
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Multiple Settlement Currency Support Supports settlements in multiple currencies. |
Supports settlements in multiple currencies; highlighted in product documentation. | |
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Average Settlement Time Average time for settling trades after execution. |
No information available |
Reconciliation
(8 Yes /8 Known /10 Possible features)
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Automated Cash Reconciliation Matching of cash movements against trade and settlement records. |
Solution claims support for automated cash reconciliation. | |
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Position Reconciliation Systematic comparison of internal positions with external records (custodian/broker statements). |
Position reconciliation with external parties is listed as a core feature. | |
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Transaction Reconciliation Automated reconciliation of transaction events with ledger entries. |
The system automates transaction reconciliation between events and ledgers. | |
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Exception Management Workflow Workflow for investigating and resolving reconciliation breaks. |
Exception management workflows described in reconciliation process. | |
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Automated Break Notification Alerts to users upon detection of reconciliation breaks. |
Automated break notifications are part of reconciliation module. | |
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Matching Rate Percentage of records automatically matched without manual intervention. |
No information available | |
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Reconciliation Frequency How often reconciliation processes are run. |
No information available | |
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Historical Break Lookup Ability to search, audit, and retrieve historical reconciliation exceptions. |
Audit and historical lookup of reconciliation breaks/records is supported. | |
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Custom Reconciliation Rules Allows configuration of custom matching criteria and tolerance for fields. |
Custom rules for reconciliation can be configured per product literature. | |
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Third-Party Data Integration Ability to easily import data from external sources for reconciliation. |
Product supports integration with third-party data sources for reconciliation and reference data. |
Corporate Actions Processing
(8 Yes /8 Known /10 Possible features)
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Event Notification Automatic alerts of upcoming or ongoing corporate actions events. |
Event notification for corporate actions is included in asset servicing functionality. | |
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Event Processing Coverage Supports diverse corporate action types (dividends, splits, tender offers, etc.). |
Supports processing of all major corporate action types (dividends, splits, etc.). | |
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Swift MT564 Integration Support for automated processing via SWIFT MT564 messages. |
Automated corporate actions claims processing via SWIFT standards is included. | |
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Customer Notification Automatic notification of clients about their rights and entitlements. |
Solution highlights automatic customer notification of rights and entitlements. | |
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Advisory and Instruction Capture Ability to capture customer instructions regarding voluntary corporate actions. |
Captures customer responses for voluntary corporate actions. | |
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Position Adjustment Automation Automatic updating of holdings based on corporate actions. |
Automatic position adjustment based on corporate events is described. | |
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Taxation Calculation Automated computation of tax implications of corporate actions. |
Automatic tax computation for corporate actions is provided. | |
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Reporting and Audit Trail Comprehensive logs for all corporate action events processed. |
Comprehensive reporting and audit trails for processed corporate actions. | |
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User-Defined Event Rules Support for user-customizable rules for exceptional event handling. |
No information available | |
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Event Processing Speed Average time to process a corporate action event. |
No information available |
Reference Data Management
(9 Yes /9 Known /10 Possible features)
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Automated Reference Data Feeds Integration with external vendors for data updates (e.g., instrument master, price feeds). |
Product integrates with external reference data providers for automated feeds. | |
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Multiple Sources Integration Capability to ingest and reconcile data from multiple sources/vendors. |
Handles multiple sources of reference and market data. | |
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Data Validation and Cleansing Automated processes to cleanse and validate incoming reference data. |
Automated data validation and cleansing described in reference data support. | |
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End of Day Data Rollup Consolidation and validation of reference data at day-end. |
End of day data rollup/consolidation capabilities mentioned. | |
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Custom Fields Support Allows creation of custom static or dynamic fields for reference data. |
Support for creation of custom reference data fields. | |
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Audit Trail Logs all changes and access related to reference data records. |
Maintains audit trails for all changes to reference data. | |
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Bulk Data Upload Import large data sets through batch files (CSV, XML, etc.). |
Bulk data import supported via batch files (CSV/XML). | |
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Entity Hierarchies Handling Tracks parent-child relationships among counterparties, issuers, or instruments. |
Handles entity and account hierarchies including parent-child structures. | |
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Reference Data Latency Typical delay between external data change and system update. |
No information available | |
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Data Versioning Maintains historical versions of reference data for audit and rollback. |
Maintains data version history for audit/rollback. |
Regulatory and Compliance Management
(8 Yes /8 Known /10 Possible features)
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Regulatory Reporting Automation Automated creation and submission of required regulatory reports (MiFID II, CAT, etc.). |
Regulatory reporting automation for global jurisdictions highlighted. | |
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Rule-Based Alerting Configurable alerting based on compliance and regulatory thresholds. |
System generates rule-based alerts for regulatory/compliance thresholds. | |
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Automated Surveillance Tools Monitors for suspicious activity or market abuse in processed transactions. |
Surveillance tools for suspicious activity and market abuse included. | |
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Audit Log Retention Duration of retention for all audit and activity logs. |
No information available | |
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Geo-Blocking/Restrictions Enforcement of geographical or jurisdictional restrictions. |
No information available | |
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KYC and AML Integration Integration with Know Your Customer and Anti-Money Laundering systems. |
Integrates with KYC/AML systems for compliance onboarding. | |
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Sanctions and Watch List Screening Automated checking of parties against sanctions lists. |
Sanctions/watch list screening is part of compliance tooling. | |
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Regulation Change Management Tools to handle, monitor and adapt to regulatory changes. |
Built-in regulatory change management tooling for global compliance. | |
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Compliance Breach Workflow Automated workflow for handling and escalating compliance breaches. |
Automated compliance breach workflow is supported. | |
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Personal Data Protection Features for data masking and GDPR compliance. |
Supports personal data protection and GDPR compliance features. |
Reporting and Analytics
(9 Yes /9 Known /10 Possible features)
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Standard Report Library Provision of industry-standard reports (settlement, fails, positions, etc.). |
Standard regulatory, settlement, and position reports are provided. | |
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Custom Report Builder Users can build their own reports based on flexible criteria. |
Custom report builder is available for user-defined reporting. | |
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Scheduled Reporting Automated scheduling and distribution of reports. |
Scheduling of automated report generation and delivery is available. | |
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Real-Time Analytics Support for real-time dashboards and metrics. |
Solution supports real-time dashboards and analytics. | |
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Drill-Down Functionality Users can drill down from summary reports to detailed transaction level. |
Users can drill down from summary to transaction level in reports. | |
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Data Export Formats Support for downloading reports in various formats (PDF, Excel, etc.). |
Various export formats supported: PDF, Excel. | |
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Ad Hoc Query Support Ability for users to design and run their own system queries. |
Includes support for user run ad hoc queries. | |
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Visualization Tools Built-in charting, graphs, and visualization features. |
Built-in visualization tools for reporting dashboards. | |
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Report Generation Speed Average time to generate a standard report. |
No information available | |
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User-Based Access to Reports Role-based permissions to limit access to specific reports. |
Role-based report permissions detailed in access controls. |
Client and Account Management
(10 Yes /10 Known /10 Possible features)
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Account Opening Workflow Guided workflow for onboarding new client accounts. |
Guided onboarding workflows for client account opening supported. | |
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Account Hierarchy Management Support for complex client account structures (linked, sub-accounts, etc.). |
Management of complex account hierarchies described in product documentation. | |
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Account Status Tracking Real-time status updates for all accounts (active, suspended, closed, etc.). |
Real-time display and monitoring of account statuses is a system feature. | |
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Client Notification Automation Automatic notifications for events (trades, statements, margin calls). |
Automated notification of client events such as trades and statements is supported. | |
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Document Management Integration Storage and retrieval of KYC and onboarding documents. |
Integration with document management systems for onboarding documents. | |
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Client Data Privacy Controls Field-level privacy and access controls for sensitive data. |
Field-level privacy controls for client data described in security section. | |
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Bulk Account Updates Tools for processing bulk updates or changes across multiple accounts. |
Bulk account updates feature is mentioned in administrative tooling. | |
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Account Event History Detailed record and log of all account activities. |
Account activity history and logging supported for auditing. | |
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Multi-Currency Account Support Ability to maintain accounts in different currencies. |
Supports multi-currency for client/account level processing and balances. | |
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Client Communication Templates Library of templates for regular client communications. |
Library of client communication templates included in solution. |
Cash and Collateral Management
(9 Yes /9 Known /10 Possible features)
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Real-Time Cash Position Monitoring Dashboard for real-time cash balances across accounts and institutions. |
Real-time dashboards for cash positions across accounts are featured. | |
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Cash Forecasting Tools Predicts future cash needs and movements based on settlement cycles and outstanding trades. |
Cash forecasting tools mentioned as part of the cash management suite. | |
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Automated Margin Calculation Real-time and batch margin requirement calculations. |
Real-time and batch margin calculation supported for derivatives trading. | |
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Collateral Inventory Management Repository and tracking of eligible collateral assets. |
System includes collateral inventory management module. | |
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Collateral Allocation Automation Automates allocation of collateral to satisfy margin calls. |
Automated collateral allocation tools are available. | |
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Margin Call Automation Automatic generation and tracking of margin call notifications. |
Margin call notification/automation described in product overview. | |
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Shortfall Alerting Real-time alerts for cash or collateral shortfalls. |
Shortfall alerting for both cash and collateral types is a real-time feature. | |
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Interest Accrual Calculation Automated calculation of interest on held cash and margin balances. |
Product includes computed interest accruals on cash and margin balances. | |
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Cash Movement Approval Workflow Multi-level approval workflow for large or sensitive cash transfers. |
Multi-level approval workflows for cash movements are supported. | |
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Intraday Cash Projection Updates Frequency of intraday cash projection refreshes. |
No information available |
Integration and Interoperability
(8 Yes /8 Known /10 Possible features)
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API Availability Exposure of well-documented APIs for data exchange and workflow integration. |
Well-documented APIs are available for integration. | |
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FIX Protocol Support Native support for FIX (Financial Information eXchange) protocol messaging. |
FIX protocol support included for trade and market connectivity. | |
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Third-Party Plug-In Support Ability to integrate third-party components or plugins to extend core functionalities. |
Third-party plug-in/integration support indicated in API documentation. | |
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Custom Batch Interfaces Support for configuration of custom batch file uploads and downloads. |
Custom batch upload and download interface configuration is supported. | |
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Real-Time Data Feeds Ability to consume or publish real-time data feeds. |
Real-time data feeds for both input and output supported. | |
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Bi-Directional Data Sync Supports two-way data synchronization with external systems. |
System supports bi-directional data synchronization with other solutions. | |
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Web Services Integration Support for REST/SOAP web services. |
Integration with REST/SOAP web services described. | |
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Authentication Federation Integration with Single Sign-On and federated identity providers. |
Integration with Single Sign-On (SSO) and federated identity providers listed. | |
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Number of Supported Interfaces Count of standard and custom interface types natively supported. |
No information available | |
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Latency of Interface Average response time for real-time interfaces. |
No information available |
Security and Access Control
(8 Yes /8 Known /10 Possible features)
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Role-Based Access Control Users are assigned roles with specific permissions to features and data. |
Role-based access control and permissions detailed in security documentation. | |
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Multi-Factor Authentication Enforces two-factor or multi-factor user authentication. |
Multi-factor authentication and strong user access protocols are implemented. | |
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Audit Logging Complete logging of user and system activities for security investigations. |
Detailed logging of all user and system actions for audit and security. | |
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Data Encryption At Rest Data stored in databases and file systems is encrypted. |
Encryption of data at rest specified in security features. | |
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Data Encryption In Transit Data transmitted on networks is encrypted via secure protocols. |
Data in transit encrypted using secure protocols (TLS/SSL). | |
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User Session Timeout Automatic logoff after a period of inactivity. |
Session timeout with auto logoff described as security measure. | |
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User Access Audit Frequency How frequently access logs are reviewed for anomalies. |
No information available | |
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Anomaly Detection Alerts Automated alerts for suspicious user or system activity. |
System provides alerts for anomalous user/system activity. | |
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Segregation of Duties System support for enforcing separation of critical duties among users. |
Controls for segregation of critical duties customizable in user administration. | |
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Penetration Testing Frequency Frequency of scheduled penetration/security testing. |
No information available |
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