Hungarian CSD Keler has selected IT service provider Tata Consultancy Services’s market infrastructure solution to modernize its technology and set up its capability for T2S settlement.
The TCS BaNCS solution will provide KELER with a standards compliant, multi-asset, multi-entity solution that will enable KELER to quickly introduce new products and services to its market participants and engage with its stakeholders better through faster reporting and communication.
Commenting on the selection, Gyorgy Dudas, CEO, Keler Ltd., said, “We are excited that with this deployment we will be ushering our depository into a unique position in the Central and Eastern European market landscape. This opens up new avenues for us as we enhance our capabilities and offerings and be on time for T2S settlement as well.”
The Market Infrastructure solution of TCS BaNCS is a multi-asset class, multi-entity platform, which will enable KELER to modernize the Hungarian post-trade space with improved services to its depository participants, custodians and cash settlement banks both in domestic and cross border markets. KELER will also leverage the standard set of interfaces of TCS BaNCS for interacting with the T2S platform. R Vivekanand, Vice President, TCS, said, “Hungary is an important market for us. We are eager to demonstrate our Market Infrastructure and T2S capability there and expand our track record in the European CSD space. It is a great opportunity to be part of Keler’s vision to herald a new era in the Hungarian capital market.”
Hungarian CSD Selects Tata to Set Up T2S Capability
Hungarian CSD Keler has selected IT service provider Tata Consultancy Services’s market infrastructure solution to modernize its technology and set up its capability for T2S settlement.
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