As part of its strategic focus on digital solutions, Standard Bank is working on digitising its investor services operations to improve operational efficiencies and provide clients with enhanced reporting and analytics on their custody portfolio. Standard Bank is working with TCS BaNCS Digital and End User Reporting in this journey.
TCS BaNCS Digital will now assist Standard Bank in providing business data, trends and risk analysis alongside client reporting, which should result in improved servicing and broadening of its customer base.
Using the transaction data in the TCS BaNCS Global Securities Platform, the bank can create intelligent, timely reports and analyses to configure operational, regulatory, customer reports, offered through rich dashboards on mobile apps in real-time.
TCS BaNCS Digital also offers transactional data, AUM wallets, cash and stock entitlement views, elections status, and that of historic, present and future corporate events. Standard Bank’s client management teams will have additional oversight of their business giving them the ability to predict and mitigate risks faster.
More than 16 large global custodian banks doing business in 15 African countries have had their MIS reports configured by Standard Bank using TCS BaNCS. These reports provide end clients with a view of their portfolio holdings, valuations, straight-through processing and failure analysis over a period of 12 months and across markets.
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