Bahrain bank picks TCS software for treasury operations

Mumbai, Oct 17 (IANS)  Indian IT bellwether Tata Consultancy Services (TCS) on Tuesday said BMB Investment Bank of Bahrain in the Gulf had selected its financial software product 'Bancs' for customer-driven treasury operations.

"TCS Bancs for treasury enables us to launch innovative solutions for customers while automating manual tasks, processes and driving innovation," said Chief Financial Officer of BMB, Gaurav Baid in a statement.

The software product allows operations in multi-currency, integrated trading and risk management among other activities.

"The software will help the banks streamline workflows and enable real time cross-asset-class risk analytics from a single system," TCS said.