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Keller selects TCS for platform modernization

India’s largest software firm, Tata Consultancy Services has
announced that Keler ltd, Hungary’s Central Securities Depository has selected
the market infrastructure solution of TCS to modernize its technology.

Under the agreement, TCS will deploy the market infrastructure
solution of TCS BaNCS for modernising its technology and set up its capability
for T2S settlement.

India’s largest software firm, Tata Consultancy Services has
announced that Keler ltd, Hungary’s Central Securities Depository has selected
the market infrastructure solution of TCS to modernize its technology.

Under the agreement, TCS will deploy the market infrastructure
solution of TCS BaNCS for modernising its technology and set up its capability
for T2S settlement.

R Vivekanand, Vice President, TCS, said, “Hungary is an
important market for us. We are eager to demonstrate our Market Infrastructure
and T2S capability there and expand our track record in the European CSD space.
It is a great opportunity to be part of Keler’s vision to herald a new era in
the Hungarian capital market.”

“We are excited that with this deployment we
will be ushering our depository into a unique position in the Central and
Eastern European market landscape. This opens up new avenues for us as we
enhance our capabilities and offerings and be on time for T2S settlement as
well,” said Gyorgy Dudas, CEO, Keler Ltd.

By CIO staff

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