Investec India, a subsidiary of the wealth management giant Investec, has implemented TCS core banking software, TCS BaNCS, to power its front and back office operations in India.
The implementation, which has been completed in nine weeks, will allow Investec India to launch greenfield institutional broking operations in India.
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This integrated front to back office institutional broking solution will deliver a low latency, high execution capability at a low operational cost. The solution is also ready for algorithmic trading.
Investec UK COO Robin Browning said: "TCS’ understanding of the Indian securities brokerage industry has enabled us to get off the starting blocks fast; we went live in ¾ of the time normally required for a complex front and back office technology implementation".
TCS principal consultant Bharat Shah said: "TCS BaNCS latest technology will greatly benefit Investec’s current and long term needs by providing an integrated front to back office solution. Having deployed the best brokerage solution we are confident that Investec business will set new standards in the Indian capital markets."
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