Veer Ji Wangoo’s Post

Tata Consultancy Services enabled Euroclear Finland to integrate its core platform with the European securities settlement engine by leveraging TCS BaNCS for Market Infrastructure. The modernized post-trade platform will reduce cross-border settlement risks and costs for investors, attract more investment into the country, and improve access to capital for Finnish issuers. “TCS is proud to have partnered with Euroclear Finland to create a flexible, scalable, secure, and robust platform for the future growth and development of the Finnish market….This successful digital transformation sets a precedent in Europe. The rich functionality, high level of parameterization, forward-looking market-sensitive roadmap, and straight-through processing of TCS BaNCS firmly establishes our next-generation solution as a leader in the European post-trade landscape,” Vivekanand Ramgopal, President, BFSI Products & Platforms, TCS. https://lnkd.in/dK8bb8XY Tata Consultancy Services - UK and Europe #posttrade #securitiesfinance #settlements #marketinfrastructure #frictionlessjoueneyswithtcsbancs

TCS BaNCS is enabling financial institutions to bring a level of high-quality, high-end financial advice to Main Street consumers that had once been the realm of only the wealthiest investors. We are working towards democratizing access to financial well-being and promoting equity in the North American securities space. To know more: https://lnkd.in/g_DenD_S #wealthmanagement #financialwellbeing #retailinvestors #northamerica #frictionlessjourneyswithtcsbancs 

#T+1 #AreYouReady #capitalmarket Moving settlement to one day after the trade (T+1) will likely have a significant impact on the capital markets industry and market infrastructure, particularly for settlement business functions and technologies. Organizations should consider developing and executing comprehensive test plans that align with an aggressive  T+1 Testing schedule. For more information, please refer to the article, co-authored by me and my colleagues at Deloitte.

Capgemini’s Sudhir Pai and Olivier Sevillia discuss how bridging DeFi and the regulated finance market is essential to unlocking new business value. Traditional finance will significantly benefit from DeFi in areas such as payments, treasury, corporate and institutional banking, and wealth, to name a few. Use of CBDCs, digital assets and tokens with atomic transfers and programmability could not only drive savings but also open new opportunities for financial inclusion.

Moving settlement to one day after the trade (T+1) will likely have a significant impact on the capital markets industry and market infrastructure, particularly for settlement business functions and technologies. Organizations should consider developing and executing comprehensive test plans that align with an aggressive T+1 Testing schedule. For more information, please refer to the article, co-authored by me and my colleagues at Deloitte. #deloitte #capitalmarkets #testing #sifma #sifmaops #dtcc #acceleratedsettlement https://lnkd.in/eK9R6peg

HSBC recently joined Broadridge's DLT-powered repo solution, launched in October 2023. This is a significant step in transforming the repo market infrastructure, providing substantial value for financial institutions. What does this technology offer HSBC (or other financial institutions) ? 💸 Cost Reduction: • Lower settlement costs: The DLT platform simplifies processes and minimizes manual work, cutting expenses for users. • Enhanced efficiency: Through task automation and error reduction, the platform saves users time and resources. 📈 Efficiency and Scalability Boost: • Streamlined processes: The DLT platform simplifies and automates repo process steps, accelerating transactions and enhancing workflows. • Improved scalability: With efficient transaction handling, users can easily expand their operations as needed. ⚙ Risk Mitigation: • Enhanced security: DLT technology provides a secure data storage and transfer method, lowering fraud and error risks. • Increased transparency: DLT's shared ledger enables transparent transactions, reducing dispute risks by offering all participants clear process visibility. 🌐 Network Effects: • As more institutions join, platform benefits multiply, fostering a network effect where platform value grows with participant numbers. HSBC joining Broadridge DLT platform exemplifies the increasing adoption of this technology by major financial institutions. This signifies trust in DLT's potential to transform financial processes and its growing traction within the sector. It also showcases how #DLT is moving beyond theoretical discussions and gaining traction as a practical solution for real-world financial applications Source: https://lnkd.in/gTB-WFwN 

View my verified achievement from IBM. It was pretty interesting to learn about the latest industry insights about the Banking industry, and the emerging challenges banks are facing today due to advancement in technology.

Welcome back to our #SettlementDaySeries! We’e sharing another article about the accelerated settlement cycle before the holiday weekend.     In contrast to the gradual implementation of T+1 in the Indian market, the US and Canada are adopting it in one go. Therefore, it's crucial for firms to gain a clear understanding of how T+1 will impact their operations and take the necessary steps to ensure a seamless transition. Today, we’re sharing an article in Swift entitled, “A year to go: How the securities industry is preparing for T+1.” The article takes on several topics related to T+1 prep, including actual time that firms will have to manage exceptions, the benefits of an accelerated settlement cycle, and other solutions for T+1 efficiency. ‘“Same day affirmation under T+1 will be more painful for firms who are still using manual processes,” said O’Shea. “This will require firms to move to full automation. Automation on one side is not enough, as it needs to be done by everyone involved in the settlement process.” Although investment into automation will incur some immediate costs, modernisation will pay off over the long-term.’    If you’re still searching for automation solutions, consider TradePort -- CRC’s product made to streamline and automate trade processing while building structure that allows you to easily manage exceptions. Several firms are onboarding and leveraging TradePort now to prepare for the T+1 demands coming soon – let us do the same for you.  Read more about our products here: https://lnkd.in/eFbW8DjS Read more of the article published in Swift here: https://lnkd.in/eCKd5Ucg #SEC #TPlusOne #FinancialInsights #automation #businessdevelopment #financetechnology #fintech #crc #technologysolutions  #settlementdate #financenews #t+1 #t+2