TCS arm wins deal from South African capital markets firm

Tata Consultancy Services NSE -0.98 % (TCS) said on Monday it has won a deal from South African capital markets firm Absa Corporate and Investment Bank. The bank selected the TCS BaNCS Global Securities Platform, the IT major’s post-trade processing solution platform across value chains, to transform itself.

Absa Corporate and Investment Bank offers operational and administrative support to local and global custody to asset managers, pension funds, stockbrokers, and global custodians, among others.