The SWIFTReady Gold accreditation is only awarded to applications that specifically adhere to the set of criteria linked to the support of SWIFT messages, messaging, connectivity and SWIFT functionality. There is a stringent and specific criterion for each SWIFTReady accreditation. These criteria are designed to reflect the capability of an application to continuously innovate and provide automation in a SWIFT environment. TCS BÎ±NCS Corporate Actions and TCS BÎ±NCS Custody have proven themselves on the respective criterion set by SWIFT.
This May 2007 certification was awarded to TCS BÎ±NCS Corporate Actions for the second consecutive year and TCS BÎ±NCS Custody for the fifth consecutive year. SWIFTReady Gold certifications underscore the market acceptance and customer traction for both products. TCS BÎ±NCS Corporate Actions and TCS BÎ±NCS Custody have had significant wins in the last six months including an international depository in Europe, a leading custodian and a major financial institution in Asia Pacific as well as broker-dealers and asset managers in North America and Europe.
âSWIFTReady Gold accreditation for TCS BÎ±NCS products in the corporate actions and global custody markets are testimony of our continuing commitment to follow best practices and increase the productsâ capabilities to maximize straight through processing (STP). SWIFT certifications help re-affirm the confidence shown by our clients in our products and further establishes TCS Financial Solutions standing as a leading partner of choice by financial institutions from around the world,â said Mr. N.G. Subramaniam, President, TCS Financial Solutions.
HervÃ© Valentin, Partner Solutions Manager at SWIFT, said, "We are pleased to accredit TCS Financial Solutions with these awards to their flagship software solutions TCS BÎ±NCS Custody and TCS BÎ±NCS Corporate Actions. The award renewal for 2007 demonstrates TCS Financial Solutionsâ ongoing contribution to the industry, improving both Securities Settlement and Corporate Actions processing for the benefit of financial institutions worldwide.â