Tata Consultancy Services Limited — Important, 06-03-2025: Updates

Tata Consultancy Services (TCS) has expanded its collaboration with Northern Trust to transform its securities services across 99 markets. This deal will deploy TCS BaNCS™ Global Securities Platform, enhancing Northern Trust's custody operations for $17.4 trillion in assets under administration. The platform aims to streamline trade processing, settlement, and asset servicing, ensuring more reliable service for clients. TCS has been a strategic partner for Northern Trust since 2017, previously managing corporate actions and income processing.

With this deployment, Northern Trust will improve scalability, support AI capabilities, and comply with multi-currency and regional practices. This partnership strengthens TCS's position as a key technology provider in the global securities industry and demonstrates its commitment to innovation, potentially paving the way for further growth in the sector.