TCS transforms SIX financial infrastructures for Global Impact
ECONOMY & POLICY

TCS transforms SIX financial infrastructures for Global Impact

Tata Consultancy Services (TCS), an information technology company, has announced the successful modernisation of SIX, the infrastructure operator for Swiss and Spanish financial markets. The update to SIX?s clearing, settlement, and custody platform aligns with the company's strategic goal of establishing itself as a key player in the global securities services industry, according to a statement by TCS.

Having initially built SIX's core platform in the 1990s as one of the world's pioneers in online real-time settlement systems, TCS emphasised the platform's pivotal role in the Swiss market's post-trade value chain. With securities valued in the trillions of Swiss Francs, the modernisation initiative is deemed a transformation program of national significance.

TCS leveraged its design laboratories to develop a portal, enhancing user responsiveness to end-client queries. Employing an innovative automation solution, the migration of over 500 billion records was executed at an unprecedented speed, resulting in a time savings of 4-5 months in the overall process.

Arturo Merino, Head of IT, Securities Services at SIX, expressed the significance of the upgrade, stating, "This is going to give a second life to our core CSD platform. Our main goal is becoming more customer-centric and user-friendly, and we have achieved it with the platform upgrade."

The modernised SIX platform introduced by TCS boasts enhanced flexibility, security, and ease of maintenance. With the capacity to process over 4 million transactions daily across 60 global markets, the platform's modern, cloud-ready architecture facilitates seamless integration with digital ecosystems. This opens up possibilities for innovative new products and services, supporting SIX's expansion into global markets.

Uma Rijhwani, Business Unit Head, BFSI ? Europe Central at TCS, commended the collaboration, stating, ?TCS and SIX have achieved a major feat by modernising the Swiss post-trade platform of SIX in record time. The new, state-of-the-art system brings to bear the power of digital technologies to transform the Swiss post-trade market infrastructure, while providing a solid foundation for SIX? expansion into global markets.?

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Tata Consultancy Services (TCS), an information technology company, has announced the successful modernisation of SIX, the infrastructure operator for Swiss and Spanish financial markets. The update to SIX?s clearing, settlement, and custody platform aligns with the company's strategic goal of establishing itself as a key player in the global securities services industry, according to a statement by TCS. Having initially built SIX's core platform in the 1990s as one of the world's pioneers in online real-time settlement systems, TCS emphasised the platform's pivotal role in the Swiss market's post-trade value chain. With securities valued in the trillions of Swiss Francs, the modernisation initiative is deemed a transformation program of national significance. TCS leveraged its design laboratories to develop a portal, enhancing user responsiveness to end-client queries. Employing an innovative automation solution, the migration of over 500 billion records was executed at an unprecedented speed, resulting in a time savings of 4-5 months in the overall process. Arturo Merino, Head of IT, Securities Services at SIX, expressed the significance of the upgrade, stating, This is going to give a second life to our core CSD platform. Our main goal is becoming more customer-centric and user-friendly, and we have achieved it with the platform upgrade. The modernised SIX platform introduced by TCS boasts enhanced flexibility, security, and ease of maintenance. With the capacity to process over 4 million transactions daily across 60 global markets, the platform's modern, cloud-ready architecture facilitates seamless integration with digital ecosystems. This opens up possibilities for innovative new products and services, supporting SIX's expansion into global markets. Uma Rijhwani, Business Unit Head, BFSI ? Europe Central at TCS, commended the collaboration, stating, ?TCS and SIX have achieved a major feat by modernising the Swiss post-trade platform of SIX in record time. The new, state-of-the-art system brings to bear the power of digital technologies to transform the Swiss post-trade market infrastructure, while providing a solid foundation for SIX? expansion into global markets.?

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?