ABN AMRO & TCS Explore Blockchain Technology
TCS builds proof-of-concept (PoC) for bank’s clearing and settlements services.
- OverviewPress tab for submenu items
TCS is here to make a difference through technology.
Leading the way in innovation for over 55 years, we build greater futures for businesses across multiple industries and 55 countries.
-
Industries
-
Services
-
Products and Platforms
-
Research & Innovation
Overview
Industries
expand here
Services
expand here
Products and Platforms
expand here
Research & Innovation
expand here
- OverviewPress tab for submenu items
We’re in it for good, driving positive change for the benefit of all.
Our expert, committed team put our shared beliefs into action – every day. Together, we combine innovation and collective knowledge to create the extraordinary.
-
About Us
- OverviewPress tab for submenu items
Extraordinary expertise leads to remarkable results.
We share news, insights, analysis and research – tailored to your unique interests – to help you deepen your knowledge and impact.
-
Customer Stories
-
Perspectives
-
Global studies
-
Topics
- OverviewPress tab for submenu items
Want to be a global change-maker? Join our team.
At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.
-
India
-
Americas
-
Asia Pacific
-
Europe and UK
-
Middle East and Africa
Overview
India
expand here
Americas
expand here
Asia Pacific
expand here
Europe and UK
expand here
Middle East and Africa
expand here
- OverviewPress tab for submenu items
Find the latest news about TCS in our Newsroom
Get access to a catalog of the latest news stories from across TCS. Discover our press releases, reports, and company announcements.
-
Press releases
-
News alerts
-
Analyst recognition
Recent recognitions
View all -
Events
Upcoming events
08 Nov 2024 TCS BaNCS at CorpActions 2024, LondonView all29 Oct 2024 TCS at OpenText World 2024 -
Media kit
- OverviewPress tab for submenu items
TCS works hand in hand with world-leading investors.
Tata Consultancy Services LimitedNSE:TCSINR -
Management Commentary
-
Financials
-
News and Events
-
ESG
-
Resources
Overview
Management Commentary
expand here
Financials
expand here
News and Events
expand here
ESG
expand here
Resources
expand here
Top Results
Showing
10
01 - 07
-
Banking / case study
You have these already downloaded
We have sent you a copy of the report to your email again.
CHALLENGE
ABN AMRO Clearing (AAC) sought to experiment and learn the potential of blockchain technology.
Blockchain technology has made significant inroads into the financial sector, which prompted AAC to conduct their own assessment of the applications of this new technology across multiple business areas. AAC needed a clear picture about its potential, opportunities, and the probable disruptions to prevalent business models. Towards this goal, they planned an experimental system to achieve disintermediated, peer-to-peer delivery versus payment settlement integrated with existing legacy systems.
TCS builds blockchain proof-of-concept platform and Web applications for banking needs.
“This experiment with TCS gave valuable additional insights on integration of legacy with blockchain.”Arjan van OS, Head of Innovation Centre, ABN AMRO Bank.
TCS partnered with AAC as a thought leader to study and evaluate use cases and conduct workshops on blockchain innovation.
We leveraged our blockchain PoC platform, to build a securities settlement PoC for AAC. The joint PoC allowed AAC to experiment the issue and transfer of securities and tokenized cash balances in a distributed ledger between issuers, clearing banks, and investors.
TCS’ blockchain research enhanced AAC’s understanding of the role of blockchain technology in financial services.
We created a sandbox environment linking processing nodes across AAC and TCS environments, representing various business stakeholders. We developed a standalone Web application to simulate the actions of various players and smart contracts to handle complex business rules. To enable straight-through-processing between AAC’s back office system and blockchain, our team developed message converters to transform ISO15022 messages to blockchain API calls and vice versa. An integration layer connected the back office system with the blockchain-based ledger synchronously.
What Made it happen
Risk and Compliance functions are looking to drive intelligent interventions in information and control assurance as higher probability of risk demands enhanced controls for effective risk and compliance management. The TCS solution caters to the BFSI industry enabling compliance, driving automation and optimization of costs.
The economic uncertainty resulting from the COVID-19 crisis has made it imperative for banks to relook at their counterparty risk management practices. With TCS’ Early Warning Framework, banks can assess the riskiness of counterparties in near real time.
Related reading
1/4
Banking
Fast-tracking mortgage originations through an ecosystem model
White Paper
|
28 Oct 2024
Opens in new tab
2/4
Banking
Sustainability Services
Climate data collection framework for effective risk management
White Paper
|
25 Oct 2024
Opens in new tab
3/4
Banking
GenAI for disruptive transformation in banking
White Paper
|
25 Oct 2024
Opens in new tab
4/4
Banking
A strategy for GenAI adoption in BFSI firms
White Paper
|
23 Oct 2024
Opens in new tab
Find out more
What’s on your mind?
We’re here to help! Tell us what you’re looking for and we’ll get you connected to the right people.
Looking for something else?
©2024 TATA Consultancy Services Limited
©2024 TATA Consultancy Services Limited
- Privacy Notice
- Cookie Policy
- Disclaimer
- Security Policy
- California Notice at Collection
- Customize Cookies