Northern Trust Expands Collaboration with TCS to Transform its Securities Services Offering Across 99 Markets
United States, March 6 -- Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, has signed an expanded deal with Northern Trust, a global financial institution, to centralize and standardize its custody operations across 99 direct and global markets. TCS will deploy its comprehensive TCS BaNCSTM Global Securities Platform for Northern Trust, which has $17.4 trillion of assets under custody and administration as of December 31, 2024.This expansion has strengthened the existing relationship between the two organizations since 2017, with TCS powering the corporate actions and income processing for Northern Trust, a top 10 global provider of asset servicing, investment management and wealth managem...
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