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TCS BαNCS wins deal with Ahli Brokerage QSC
Wednesday, 1st June 2011
Tata Consultancy Services (TCS), (BSE: 523540, NSE: TCS) a leading IT services, consulting and business solutions organization, announced today that Ahli Bank QSC (Qatar) has selected TCS BαNCS Universal Banking for its brokerage operations in Qatar.

Ahli Bank is part of the Ahli United Bank group headquartered in Bahrain, and present in seven countries viz. Bahrain, Qatar, Kuwait, Egypt, Oman, Iraq and the United Kingdom (UK). This follows the recent announcement from Qatar Exchange allowing Qatari Banks to make inroads into brokerage operations by establishing their own subsidiaries.

N Ganapathy Subramaniam � President, TCS Financial Solutions, said, �TCS BαNCS is a multi-channel, multi-asset class, integrated platform that caters to the brokerage needs of our customers in a comprehensive manner. With Ahli Bank selecting us for its brokerage operations and to extend its footprint into new markets, it is a reiteration of the long-standing commitment and partnership we�ve had with our customers in the Middle East for over a decade now.�

Said, Mohan Srinivasan � Head of Information Technology Ahli Bank QSC, �The TCS BαNCS solution will help us offer unique services to the market and make us an end-to-end, multi-channel, pre- and post-trade processing provider. At the same time, it will help us extend our market reach to both the GCC countries and other international markets.�

TAGS : tcs  bfsi  bancs  


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