NelsonHall’s Reference Data Management BPO Vendor Assessment for TCS is a comprehensive assessment of TCS’ reference data management BPO (RDM BPO) offerings and capabilities, designed for:
Sourcing managers monitoring the capabilities of existing suppliers of capital market process outsourcing and identifying vendor suitability for RDM BPO RFPs
Vendor marketing, sales and business managers looking to benchmark themselves against their peers
Financial analysts and investors specializing in the support services sector.
Key Findings & Highlights
This NelsonHall assessment analyses TCS’ offerings and capabilities in reference data management BPO. TCS is one of a number of reference data management BPO companies analyzed in NelsonHall’s comprehensive industry analysis programs.
TCS started in RDM BPO services in 2002 with Deutsche Bank (DB), which wanted to consolidate multiple credit and risk management systems in order to manage counterparty risk better. DB was unable to aggregate counterparty exposure across 15 internal systems used by DB in various lines of business. TCS consolidated platforms and risk metrics to create a single point of view for counterparty exposure. Over time, TCS has expanded the relationship to include a broad range of securities, corporate actions, exchange traded derivatives processing, and asset servicing.
TCS BPO delivers service from seven delivery centers:
TCS’ primary targets for RDM BPO are:
Global investment banks headquartered in the U.S., Canada, and Europe
Global retail banks firms
Market data vendors
Existing financial services clients of TCS’ IT services.
In future, TCS will continue to target global institutions, while expanding its targeting to asset management firms which are global and regional in scope.
The focus in RDM is on entity data, but securities data is growing rapidly with new clients and market data vendors.
TCS’ strategy is to offer RDM BPO as part of a set of integrated services where including technology and BPO services to help clients consolidate data silos and delivery centers into globally standardized operations. Clients are able to use the resulting data:
Entity data: to drive customer acquisition and reduce risk from non-compliance with regulations
Securities data: to improve risk management across multiple geographies, markets, and business units.