Tata Capital Ltd selects credence iDEAL Funds to automate its Prop Desk Investment Operations
ata Capital Ltd has chosen Credence iDEAL Funds from Credence Analytics India Pvt Ltd to automate
its end-to-end prop desk investment operations.Tata Capital Ltd is a subsidary of India's largest and prestigious group Tata Sons Limited.The company is registered with Reserve Bank of India as a
systematically important Non Deposit Accepting Non-Banking Financial Company (NBFC) and offers fund and fee-based financial services to its customer.Tata Capital is headquatered in mumbai and has a wide
network of over 100 branches spanning critical markets in India.
ata Capital Ltd. was looking for a solution to automate investment
operations of portfolio of CP, NCD, OCD, PTC & Equity with the aim of expanding its product suite with complex structures and complete automation with tight
integration of investment management system with existing systems viz. SAP, ODS, HDFC E-net payment and ALM System and Feed external system like CRILSIL, NSE,
FINDA, AMFI, Reuters, Bloomberg, for non-listed companies pricelist to mitigate operational risk..
valuation was done by TCS as IT is out-sourced to them, initially they evaluated option of managing
investments in existing system which they found was not feasible even after huge customizations and then decided to evaluate external systems.Credence
iDEAL Funds was selected after rigorous product evaluation..
redence Analytics founded in 1993, offers highly specialized software solutions
focused at integrated treasury, online dealing, investment management, wealth management and market risk management.Credence Analytics has over 75 BFSI Treasury clients
across 6 countries in South Asia and MEA region supported by a dedicated team of 125 domain specialist.
Credence Analytics delivers award-winning iDEAL suite of integrated treasury
and market risk management solutions that have been recognized for industry-leading innovation and domain expertise.
New Link Road, Malad (W)
Mumbai, India. Pin - 400 064
Tel: +91 22 4061 1000 Fax: +91 22 4061 1000
visit us: www.credenceanalytics.com