ABN Amro to Roll out TCS' Custody, Cash and Corporate Actions Solution
ABN Amro Clearing Bank has chosen TCS BaNCS’ integrated custody, cash and corporate actions solution as part of a modernisation programme to replace its legacy infrastructure.
TCS BaNCS will help streamline ABN Amro Clearing’s operations across multiple markets and regions, enhance efficiency and reduce maintenance costs. The deployment of the integrated custody, cash and corporate actions solution will be accomplished within the next 14 months.
Andrej Bolkovic, global chief information officer (CIO), ABN Amro Clearing, said: “This project will significantly lower our maintenance and IT-related costs. TCS BaNCS not only meets our needs from a functionality perspective but also supports and enhances our operation’s capabilities in a rapid and ever changing business environment.”