Soc Gen Securities Services deploys TCS BaNCS across multiple locations

Tata Consultancy Services (TCS) announced that Societe Generale Securities Services (SGSS), a recognised global custodian, has successfully deployed TCS BaNCS as its next-generation, multi-entity asset servicing platform in Germany, UK, France, Ireland and Luxembourg.

SGSS was looking for a platform that met its strategic objectives of providing standardised corporate actions processing and cash management services, and consistent customer experiences across their multiple locations in Europe. It selected the corporate actions and account management components of TCS BaNCS to build an integrated, innovative platform to deliver real-time customer experience across the custody lifecycle.

The new platform is one of Europe’s first real-time and