Northern Trust Enhances Global Settlements

As part of a multi-year technology transformation program, Northern Trust announced it has expanded its strategic relationship with Tata Consultancy Services (TCS) to enhance its global securities settlements platform, which spans 99 global markets according to a story in MarketsMedia news. Northern Trust has leveraged TCS BaNCSTM for corporate actions and income processing since 2017. This latest collaboration gives Northern Trust access to the TCS BaNCS™ Global Securities Platform which offers multi-entity, multi-market and multi-asset class capabilities to help create an integrated securities back office and streamline trade processing and settlements.