HQ: New York, USA Ownership: Public Founded: 2007 # Known Sites: 452 # Staff: 4200
Key Clients: Citibank, BNP Par- ibas, Bank of New York Mellon, Bank of Bhutan
Key Highlights
• TCS has two back office systems: the high-end retail Bancs and treasury/securities oriented Quartz (also branded as Bancs)
• TCS bought FNS in 2005 (Australia) who had devel- oped Bancs; TCS completed acquisition in 2006 of its partner in Switzerland, TKS-Teknosoft, who had developed Quartz
• First live site was at Daiwa Securities (Switzerland) in 1998
Product Overview
• Key functionalities supported: middle and back office processing for equities, fixed income, mutual funds, derivatives, precious metals, FX, MM, commercial and syndicated loans among others
• Supports AIX, HP UX, Solaris, Windows & Linux (serv- er) and Windows (client), Oracle & DB2 (database); written in Java
• Focused on middle and back office processing • Relatively easier integration with BaNCS core system • Customer base across the globe; Major West Europe