{"id":822675,"date":"2025-03-06T10:18:09","date_gmt":"2025-03-06T15:18:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-transforms-securities-settlement-platform-through-collaboration-with-tcs\/"},"modified":"2025-03-06T10:18:09","modified_gmt":"2025-03-06T15:18:09","slug":"northern-trust-transforms-securities-settlement-platform-through-collaboration-with-tcs","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-transforms-securities-settlement-platform-through-collaboration-with-tcs\/","title":{"rendered":"Northern Trust Transforms Securities Settlement Platform through Collaboration with TCS"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Northern Trust Transforms Securities Settlement Platform through Collaboration with TCS<\/b><\/p>\n<p class=\"bwalignc\"><i>Northern Trust Announces Expanded Capabilities as Part of its Ongoing Technology Transformation Strategy<\/i><\/p>\n<p>CHICAGO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAs part of a multi-year technology transformation program, Northern Trust (Nasdaq: NTRS) announced today it has expanded its strategic relationship with <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.tcs.com%2F&amp;esheet=54219845&amp;newsitemid=20250306502485&amp;lan=en-US&amp;anchor=Tata+Consultancy+Services&amp;index=1&amp;md5=ac0435e0424a7a0d4882bd75ea82de57\">Tata Consultancy Services<\/a> (TCS) (BSE: 532540, Nasdaq: TCS) to enhance its global securities settlements platform, which spans 99 global markets.\n<\/p>\n<p>\nNorthern Trust has leveraged TCS BaNCS\u2122 for corporate actions and income processing since 2017. This latest collaboration gives Northern Trust access to the TCS BaNCS\u2122 Global Securities Platform which offers multi-entity, multi-market and multi-asset class capabilities to help create an integrated securities back office and streamline trade processing and settlements.\n<\/p>\n<p><b>Jennifer Driscoll, head of Market Operations at Northern Trust<\/b>, said, \u201cAs liquidity demands continue to drive shortened settlement cycles, it\u2019s critical for market participants to have resilient interoperable solutions that seamlessly integrate with corporate action and income processing. Our collaboration with TCS BaNCS\u2122 strengthens our ability to support clients in navigating these evolving market dynamics, ensuring efficiency, accuracy and risk mitigation throughout the trade settlement lifecycle.\u201d\n<\/p>\n<p>\nUsing the TCS BaNCS\u2122 Global Securities Platform, Northern Trust will be able to further standardize its settlement data and processes, as well as enhance AI and analytics capabilities for both digital and traditional assets. The platform will offer scalability and resilience. In addition to harmonizing global settlement processes, the platform will comply with regional practices using multi-entity, multi-currency, and ISO 15022\/ISO 20022 compliant technology.\n<\/p>\n<p><b>Venkateshwaran Srinivasan, Global Head, Financial Solutions, TCS, said,<\/b> \u201cWe continue to invest in enhancing our technology platforms to help the post-trade industry maximize cloud capabilities, reduce risks, adopt standardized models, leverage harmonized data, and compress settlement timelines. This significant expansion of our collaboration with Northern Trust is a testament to our vision for the global securities industry, and a validation of the breadth and depth of capabilities of TCS BaNCS\u2122 that have helped leading global custodians create enriched and consistent client experiences across multiple markets and asset classes.\u201d\n<\/p>\n<p><b>About TCS BaNCS Global Securities Platform<\/b><\/p>\n<p>\nThe TCS BaNCS Global Securities Platform is a SWIFT-certified, scalable, integrated offering with comprehensive functionality encompassing the entire capital market\u2019s value chain. The solution is implemented at leading custodians, investment banks, fund and asset managers and brokers, ensuring consistent customer experience and service level across markets, resting on an advanced data strategy. Its digital core helps customers use the right data to unlock game-changing insights, KPIs and predictions, while its multi-x features encompass multiple legal entities, languages, business lines, asset classes, markets and geographies.\n<\/p>\n<p><b>About Tata Consultancy Services<\/b><\/p>\n<p>\nTata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world\u2019s largest businesses in their transformation journeys for over 56 years. Its consulting-led, cognitive powered, portfolio of business, technology and engineering services and solutions is delivered through its unique Location Independent Agile\u2122 delivery model, recognized as a benchmark of excellence in software development.\n<\/p>\n<p>\nA part of the Tata group, India&#8217;s largest multinational business group, TCS has over 607,000 of the world\u2019s best-trained consultants in 55 countries. The company generated consolidated revenues of US $29 billion in the fiscal year ended March 31, 2024, and is listed on the BSE and the NSE in India. TCS&#8217; proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.tcs.com&amp;esheet=54219845&amp;newsitemid=20250306502485&amp;lan=en-US&amp;anchor=www.tcs.com&amp;index=2&amp;md5=f020fbe1cbe6f302fc19dd988e52ece7\">www.tcs.com<\/a><\/p>\n<p><b>About Northern Trust<\/b><\/p>\n<p>\nNorthern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2024, Northern Trust had assets under custody\/administration of US$16.8 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.northerntrust.com%2Fhome&amp;esheet=54219845&amp;newsitemid=20250306502485&amp;lan=en-US&amp;anchor=northerntrust.com&amp;index=3&amp;md5=0ba97ff02b026b2d33912b235ccac13d\">northerntrust.com<\/a>. Follow us on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnam04.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.instagram.com%252Fnortherntrustcompany%252F%26data%3D05%257C02%257Cnb43%2540ntrs.com%257C6a288c2a025143d9bc0508dd3ef3065a%257C2434528d4270497781dda6308c1761a3%257C0%257C0%257C638735935737092571%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DU7pg4IZ8okMgC0rR0%252FE5Vf4qZTqZAEeh3MvI5A7mZrY%253D%26reserved%3D0&amp;esheet=54219845&amp;newsitemid=20250306502485&amp;lan=en-US&amp;anchor=Instagram&amp;index=4&amp;md5=ccc0cebce9095096aafe77dda9bf2e02\">Instagram<\/a> @northerntrustcompany or Northern Trust on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnam04.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.linkedin.com%252Fcompany%252Fnorthern-trust%252F%26data%3D05%257C02%257Cnb43%2540ntrs.com%257C6a288c2a025143d9bc0508dd3ef3065a%257C2434528d4270497781dda6308c1761a3%257C0%257C0%257C638735935737130587%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3D1Hp3IsGRBbBrBjw3yj0JbxkLAIPUOckBRrpkELjnusA%253D%26reserved%3D0&amp;esheet=54219845&amp;newsitemid=20250306502485&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=5&amp;md5=8cab6452d6a3baec85fda45b7505a451\">LinkedIn<\/a>.\n<\/p>\n<p>\nNorthern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.northerntrust.com%2Fterms-and-conditions&amp;esheet=54219845&amp;newsitemid=20250306502485&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.northerntrust.com%2Fterms-and-conditions&amp;index=6&amp;md5=ebe7d733f265c33cfd7ab7fa846aa469\">https:\/\/www.northerntrust.com\/terms-and-conditions<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250306502485r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250306502485\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250306502485\/en\/<\/a><\/span><\/p>\n<p><span class=\"bwuline\">Media Contacts<br \/>\n<\/span><br \/><i>Europe, Middle East, Africa &amp; Asia-Pacific:<br \/>\n<\/i><br \/><i>C<\/i>amilla Greene<br \/>\n<br \/>+44 (0) 20 7982 2176<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Camilla_Greene@ntrs.com\">Camilla_Greene@ntrs.com<\/a><\/p>\n<p>\nSimon Ansell<br \/>\n<br \/>+ 44 (0) 20 7982 1016<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:sa777@ntrs.com\">sa777@ntrs.com<\/a><\/p>\n<p><i>U.S. &amp; Canada<\/i>:<br \/>\n<br \/>John O\u2019Connell<br \/>\n<br \/>+1 312 444 2388<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jo45@ntrs.com\">John_O\u2019Connell@ntrs.com<\/a><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.northerntrust.com&amp;esheet=54219845&amp;newsitemid=20250306502485&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.northerntrust.com&amp;index=7&amp;md5=3862e0d3eb23964fd4324172b44b659e\">http:\/\/www.northerntrust.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Illinois<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Data Management Banking Technology Professional Services Asset Management Data Analytics Software Artificial Intelligence Networks Fintech Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250306502485\/en\/507644\/3\/Northern_Trust_Left_Center.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Northern Trust Transforms Securities Settlement Platform through Collaboration with TCS Northern Trust Announces Expanded Capabilities as Part of its Ongoing Technology Transformation Strategy CHICAGO&#8211;(BUSINESS WIRE)&#8211; As part of a multi-year technology transformation program, Northern Trust (Nasdaq: NTRS) announced today it has expanded its strategic relationship with Tata Consultancy Services (TCS) (BSE: 532540, Nasdaq: TCS) to enhance its global securities settlements platform, which spans 99 global markets. Northern Trust has leveraged TCS BaNCS\u2122 for corporate actions and income processing since 2017. This latest collaboration gives Northern Trust access to the TCS BaNCS\u2122 Global Securities Platform which offers multi-entity, multi-market and multi-asset class capabilities to help create an integrated securities back office and streamline trade processing and settlements. Jennifer Driscoll, head of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-transforms-securities-settlement-platform-through-collaboration-with-tcs\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Northern Trust Transforms Securities Settlement Platform through Collaboration with TCS&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-822675","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Northern Trust Transforms Securities Settlement Platform through Collaboration with TCS - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-transforms-securities-settlement-platform-through-collaboration-with-tcs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Northern Trust Transforms Securities Settlement Platform through Collaboration with TCS - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Northern Trust Transforms Securities Settlement Platform through Collaboration with TCS Northern Trust Announces Expanded Capabilities as Part of its Ongoing Technology Transformation Strategy CHICAGO&#8211;(BUSINESS WIRE)&#8211; As part of a multi-year technology transformation program, Northern Trust (Nasdaq: NTRS) announced today it has expanded its strategic relationship with Tata Consultancy Services (TCS) (BSE: 532540, Nasdaq: TCS) to enhance its global securities settlements platform, which spans 99 global markets. Northern Trust has leveraged TCS BaNCS\u2122 for corporate actions and income processing since 2017. This latest collaboration gives Northern Trust access to the TCS BaNCS\u2122 Global Securities Platform which offers multi-entity, multi-market and multi-asset class capabilities to help create an integrated securities back office and streamline trade processing and settlements. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-transforms-securities-settlement-platform-through-collaboration-with-tcs\/","og_locale":"en_US","og_type":"article","og_title":"Northern Trust Transforms Securities Settlement Platform through Collaboration with TCS - Market Newsdesk","og_description":"Northern Trust Transforms Securities Settlement Platform through Collaboration with TCS Northern Trust Announces Expanded Capabilities as Part of its Ongoing Technology Transformation Strategy CHICAGO&#8211;(BUSINESS WIRE)&#8211; As part of a multi-year technology transformation program, Northern Trust (Nasdaq: NTRS) announced today it has expanded its strategic relationship with Tata Consultancy Services (TCS) (BSE: 532540, Nasdaq: TCS) to enhance its global securities settlements platform, which spans 99 global markets. Northern Trust has leveraged TCS BaNCS\u2122 for corporate actions and income processing since 2017. This latest collaboration gives Northern Trust access to the TCS BaNCS\u2122 Global Securities Platform which offers multi-entity, multi-market and multi-asset class capabilities to help create an integrated securities back office and streamline trade processing and settlements. Jennifer Driscoll, head of &hellip; Continue reading \"Northern Trust Transforms Securities Settlement Platform through Collaboration with TCS\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-transforms-securities-settlement-platform-through-collaboration-with-tcs\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-06T15:18:09+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250306502485r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-transforms-securities-settlement-platform-through-collaboration-with-tcs\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-transforms-securities-settlement-platform-through-collaboration-with-tcs\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Northern Trust Transforms Securities Settlement Platform through Collaboration with TCS","datePublished":"2025-03-06T15:18:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-transforms-securities-settlement-platform-through-collaboration-with-tcs\/"},"wordCount":818,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-transforms-securities-settlement-platform-through-collaboration-with-tcs\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250306502485r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-transforms-securities-settlement-platform-through-collaboration-with-tcs\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-transforms-securities-settlement-platform-through-collaboration-with-tcs\/","name":"Northern Trust Transforms Securities Settlement Platform through Collaboration with TCS - 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