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TCS expands partnership with Euroclear Group
08 June 2026 Sweden
Image: Johnstocker/stock.adobe.com
Tata Consultancy Services (TCS) is expanding its long-standing partnership with Euroclear Group, a move it says will drive the next phase of transformation for Sweden’s central securities depository (CSD).
As part of this initiative, Euroclear Sweden will deploy TCS banking, capital markets, compliance, securities (BaNCS) for market infrastructure and Quartz, TCS’s advanced digital solutions.
The firm says this is to build a resilient, future-ready, and scalable CSD platform aligned to evolving European market standards.
TCS BaNCS for market infrastructure will enable Euroclear to meet the evolving needs of financial market infrastructure institutions, supporting end-to-end operations across asset classes, including core registry, depository services, cross-border settlement, and asset servicing.
Complementing this, TCS’s Quartz will leverage distributed ledger technology and AI to support tokenised assets, decentralised settlements, and real-time, actionable insights.
Hanna Vainio, CEO of Euroclear Sweden and Finland says: "Having established one of Europe’s most advanced CSD infrastructures in Finland, we are pleased to extend our decade-long partnership with TCS to Sweden.
“By integrating our regional operations, we are not only enhancing efficiency for our clients but also reinforcing our position as the preferred Nordic CSD, dedicated to the long-term prosperity of the Nordic financial ecosystem.”
R Vivekanand, president of banking, financial services, and insurance products and platforms (BFSI) at TCS, adds: “We are pleased to expand our relationship with the Euroclear Group through this strategic multi-country harmonisation initiative.
“Building on our joint success in Finland, we look forward to working with Euroclear to bring high levels of sophistication in functionality, standards compliance and technology to the Nordics market leveraging TCS BaNCS and Quartz, our market-leading products for financial market infrastructures.”
As part of this initiative, Euroclear Sweden will deploy TCS banking, capital markets, compliance, securities (BaNCS) for market infrastructure and Quartz, TCS’s advanced digital solutions.
The firm says this is to build a resilient, future-ready, and scalable CSD platform aligned to evolving European market standards.
TCS BaNCS for market infrastructure will enable Euroclear to meet the evolving needs of financial market infrastructure institutions, supporting end-to-end operations across asset classes, including core registry, depository services, cross-border settlement, and asset servicing.
Complementing this, TCS’s Quartz will leverage distributed ledger technology and AI to support tokenised assets, decentralised settlements, and real-time, actionable insights.
Hanna Vainio, CEO of Euroclear Sweden and Finland says: "Having established one of Europe’s most advanced CSD infrastructures in Finland, we are pleased to extend our decade-long partnership with TCS to Sweden.
“By integrating our regional operations, we are not only enhancing efficiency for our clients but also reinforcing our position as the preferred Nordic CSD, dedicated to the long-term prosperity of the Nordic financial ecosystem.”
R Vivekanand, president of banking, financial services, and insurance products and platforms (BFSI) at TCS, adds: “We are pleased to expand our relationship with the Euroclear Group through this strategic multi-country harmonisation initiative.
“Building on our joint success in Finland, we look forward to working with Euroclear to bring high levels of sophistication in functionality, standards compliance and technology to the Nordics market leveraging TCS BaNCS and Quartz, our market-leading products for financial market infrastructures.”
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