BNP Paribas and Tata join forces
October 16, 2017

BNP Paribas Securities Services kicks off Sibos week by announcing that it is teaming up with Tata Consultancy Services (TCS) to deliver a blockchain-based platform, called Corporate Event Connect, that it says will provide fast, accurate and secure corporate event announcements to clients around the world.

BNP Paribas says that by leveraging TCS' Quartz blockchain technology, it will be able to capture and store corporate action information in a structured format to ensure data accuracy and rapid dissemination to clients. The platform's built-in security will ensure the information is tamper-proof, resistant to node failure and recoverable.

Asset servicing information, such as merger and acquisition announcements and dividend payments, will be collected through TCS BaNCS for Corporate Actions from more than 90 markets, including 27 local official sources in BNP Paribas' proprietary network. 





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BNP Paribas Securities Services kicks off Sibos week by announcing that it is teaming up with Tata Consultancy Services (TCS) to deliver a blockchain-based platform, called Corporate Event Connect, that it says will provide fast, accurate and secure corporate event announcements to clients around the world.

BNP Paribas says that by leveraging TCS' Quartz blockchain technology, it will be able to capture and store corporate action information in a structured format to ensure data accuracy and rapid dissemination to clients. The platform's built-in security will ensure the information is tamper-proof, resistant to node failure and recoverable.

Asset servicing information, such as merger and acquisition announcements and dividend payments, will be collected through TCS BaNCS for Corporate Actions from more than 90 markets, including 27 local official sources in BNP Paribas' proprietary network. 



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