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TCS and SEI team on global wealth services

25 October 2010  |  3831 views  |  0 Source: TCS Financial Solutions

TCS Financial Solutions, a strategic business unit of Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS) dedicated to providing business application solutions to the banking, insurance and capital markets industries, announced that they will be attending Sibos in partnership with SEI (NASDAQ: SEIC), a leading global provider of outsourced asset management, investment processing, and investment operations solutions.

The Sibos conference is the premier financial services technology event, held this year in Amsterdam, October 25-29.

SEI selected TCS as one of their strategic partners to support the ongoing development of its Global Wealth Platform. The platform lies at the centre of SEI's Global Wealth Services and provides end-to-end investment and processing capabilities.

SEI's objective for Global Wealth Services is to simplify operating models, allowing wealth managers to have more time to focus on what matters most - building richer client relationships and increasing the capital value of their businesses. SEI has seen steady momentum with seven wealth advisory firms in the UK and is actively planning deployment in the U.S. and other markets.

"To support both our existing clients and offer a continually enhanced experience to new clients, we needed a highly configurable platform that would power our Global Wealth Services offering" said Joseph P. Ujobai, Executive Vice President of SEI's Global Wealth Services.

"We partnered with TCS because of their reputation and shared vision for innovation within financial services."

The Global Wealth Platform is powered by a single, common infrastructure that supports all back-office operations while seamlessly interfacing with external entities and front-office systems, designed to result in higher productivity and consistent experience for customers.

N. Ganapathy Subramaniam, President of TCS Financial Solutions said "Our focus on reshaping models and processes for our customers through our products and services has delivered tangible results to our customers. SEI's ability to put their customers at the centre of their vision makes us a proud partner in helping SEI to transform the technology landscape of the wealth management industry."

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