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TCS BaNCS cloud for Quartz Announcement Capture
TCS - BaNCS
TCS BaNCS cloud for Quartz Announcement Capture
TCS - BaNCS
TCS BaNCS cloud for Quartz Announcement Capture
TCS - BaNCS
Quartz Smart Sol for Announcements enables corporate actions announcement distribution on blockchain
Quartz Announcement Capture internalizes all incoming event data, including ISO 15022/20022,
proprietary, auto, manual, and PDF to the ISO 15022/20022 format, and uses an effective
rules-based scrubbing engine to cleanse the data to produce accurate information. This process
is achieved quickly to facilitate timely financial decisions for various stakeholders. With more
than three decades of development behind it, Quartz Announcement Capture offers a
comprehensive rules-driven processing engine with high rates of Straight Through Processing
(STP) that can seamlessly interface with any external system via an integration layer or application
programing interface (API), including a wide range of complementary tools and services that reside
seamlessly within the product to address operational needs. It also comes with apps customized for
operator, manager, and end-client roles, as well as bespoke risk dashboards and a host of
artificial intelligence (AI) features.
Quartz Announcement Capture on Microsoft Azure:
Quartz Announcement Capture leverages Azure Infrastructure-as-a-Service (IaaS) for a reliable foundation and Platform-as-a-Service
(PaaS) components to offer resilient and fault-tolerant application experiences. Azure cloud is made secure via Network Security
Groups (NSG), Azure Firewall, Azure Security Center, Azure distributed-denial-of-service (DDoS) protection, and Azure Defender.
Azure Sentinel is employed for security information and event management (SIEM), while Azure Monitor is leveraged for logs,
analytics and metric purposes. Azure Traffic Manager is used to switch the traffic between primary and disaster recovery (DR) sites. This
showcases Quartz Announcement Capture’s native capabilities in the Azure cloud.
Reliable and Automated: Quartz Announcement Capture
• Quartz Announcement Capture is fully ISO15022,
ISO20022, and DTCC20022 compliant, via rules-based
automated announcement scrubbing.
• The solution provides a rules-based workflow with
extensive configuration capabilities, encouraging high levels of
STP to address Securities Market Practice Group (SMPG)
guidelines and compliance.
• Through continuous investment in the product roadmap, the
solution caters to future-ready technology and business needs
such as blockchain, cloud, digital, and analytics.
• A comprehensive operations dashboard presents metrics and
alerts for critical announcements and work items based on
risk ratings. This ensures that users act only when needed and
are taken to the right place to complete the right task and
correct the problem or issue.
• The solution easily integrates with other in-house, third-party
systems by using service integrators and APIs.
• Cost reductions and improved operational efficiencies
keep processing costs to a minimum.
• Regulatory compliance and risk management for
processing and reporting are also flexible to adjust to
market changes.
• Artificial intelligence improves operations by
automatically reading received documents.
• Machine learning improves error-processing and repair.
• Analytics capabilities help predict future processing
trends.
• Client services can be powered via chatbots
Solving Complex Business Challenges with the Quartz Announcement Capture
• Lack of golden announcement records: Resolving problems with
pending liabilities caused by lack of golden announcements.
• E2E automation: Despite heavy work on standards, the
challenges with processing free format narrative text and option
variations continue to hinder STP rates, thus increasing the total
cost of operation.
• Duplicate data vendor costs: The common practice of using
multiple feeds to minimize risk and validate announcements leads
to higher ongoing data vendor costs
• Release timeliness: Validation processes and associated risk
continue to delay releases to clients.
• Dynamic risk management: Sophisticated risk management
tools for leveraging analysis of core data to assess the
validity of announcement records and reduce risks in the
processing of corporate events are lacking.
• Decision support: Asset managers and investor clients
continue to use largely manual techniques and
supplementary data to make decisions beyond the custodial
data envelope. Custodial services also do not assemble the
required data.
Quartz Announcement Capture is continually evolving as clients proactively contribute to the development of its roadmap, making
it a solution designed by and for users. In addition, Tata Consultancy Services (TCS) brings its vast technology experience and knowledge
to Quartz to ensure that development is aligned with market trends and that the solution is future-proof.
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