MUMBAI : Tata Consultancy Services (TCS) on Wednesday announced that QNB Group, the largest financial institution in the Middle East and Africa, has selected the TCS BaNCS'” Global Securities Platform (GSP) to support the digital transformation of its capital markets operations.
QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents, providing a comprehensive range of advanced products and services. The Bank’s growth strategy is to further expand its presence internationally, launching innovative products and a superior customer experience across the trade lifecycle, leveraging the latest technologies such as Al and Machine Learning.
To support this strategy, QNB has selected the TCS BaNCS Global Securities Platform, a future-proof posttrade solution that can support an integrated securities back-office across multiple asset classes, channels, markets and users. The platform also supports QNB’s digital transformation roadmap and future innovation plans.
Adel Al-Maf ki, General Manager – QNB Group lnformation Technology, said.’ “We have been working with TCS since 2013, and the firm has supported our globol expansion efforts through advanced IT solutions. TCS’ services hove enabled multi-market, multi-currency, straight-through settlements ond corporate octions processing at depositories outside Qatar, while also strengthening our leading local presence.”