TCS to develop Cloud & On-premise Solution for Capital markets customers

TCS has now announced that it plans to build and develop a new investment insights solution for its capital market customers.

The company revealed that the solution would be based on the SAP Business Technology Platform.

Global Head of Banking & Capital Markets, SAP SE, Falk Rieker, said, "We are excited to work with TCS on this solution for the investment management and market infrastructure industry. SAP has a long history providing innovative technology to the world's leading capital markets firms and will continue to support it with our industry cloud strategy. By leveraging the industry expertise, commitment to quality delivery, and customer focus, the teams at TCS and SAP are helping businesses make the transformational move to the Intelligent Enterprise. Automation and innovation technologies such as machine learning facilitate faster time to production with less implementation risk. The current environment is driving organizations to innovate faster than ever. This partnership leverages SAP Business Technology Platform to allow firms to adapt quickly to enhance their internal processes or create new data services to fill ever-changing market needs. This will enable industry participants to become market leaders in financial markets data and analytics."

Global Head, BFSI CDO Strategic Initiatives, TCS, Prab Pitchandi, said, "TCS has been continuously investing in research and innovation in the capital markets domain, resulting in world-leading intellectual property, and new differentiated services and solutions that help our customers accelerate their growth and transformation journeys. TCS' Investment Insights solution leverages our strong domain capabilities, contextual knowledge and deep expertise in advanced analytics and insights to help customers transform their data into strategic investment insights for superior business outcomes."

The solution will help the investment and asset management firms to leverage the detailed insights from the harmonized data to design a superior and high-yielding portfolio for their customers.

The solution would deploy Artificial Intelligence (AI) methods and the TCS's in-house tools, which include those for automated data discovery and machine learning supported by Data Quality Management. The solution will enable a complete view of potential investments, factor integration, yield optimization strategies, and black swan financial impact modeling.

Apart from that, the investment insights solution will also be capable of being deployed on-premise or on the cloud. The deployment method will enable market infrastructure firms with a strong digital platform to streamline end-to-end data management, offer value-added services, and enhance their data offerings, notes the announcement.