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.?

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
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?