TCS expands Euroclear partnership for Sweden CSD modernization

Date: June 3, 2026

Partnership Expansion Details:

TCS announced expansion of its long-standing partnership with Euroclear Group to drive transformation for Sweden's Central Securities Depository (CSD)
Euroclear Sweden will deploy TCS BaNCS™ for Market Infrastructure and Quartz™ solutions
The initiative is part of Euroclear's Nordic transformation strategy aimed at creating a harmonized Nordic securities ecosystem for Finnish and Swedish financial markets

Technology Solutions:

TCS BaNCS for Market Infrastructure will support end-to-end operations across asset classes including:
Core registry services
Depository services
Cross-border settlement
Asset servicing
The solution offers sophisticated double-entry system with support for both omnibus and end-investor accounting
Multiple settlement models including unique settlement optimization capability for liquidity management across securities and cash
Quartz will leverage distributed ledger technology and AI to support:
Tokenized assets
Decentralized settlements
Real-time, actionable insights

Compliance and Standards:

Provides compliance with European and global standards including:
Securities Market Practice Group (SMPG)
Joint Working Group on Corporate Actions (CAJWG)
Central Securities Depositories Regulation (CSDR)
Quartz supports co-existence approach for both ISO 15022 and ISO 20022 standards

Implementation Approach:

Phased IT transition including migration of Swedish market to European Central Bank's TARGET2-Securities (T2S) platform
Cloud-ready and scalable CSD platform
Aimed at driving standardization and growth across Sweden and Finland

Executive Commentary:

Hanna Vainio, CEO, Euroclear Sweden and Finland: "This collaboration is a pillar of our 'One Nordic' vision, allowing us to harmonize business and IT practices onto a single, resilient platform. By integrating our regional operations, we are enhancing efficiency for our clients."
R Vivekanand, President, BFSI Products & Platforms, TCS: "We are deeply committed to ensuring the platform is future-proof, resilient, scalable, while leading the way for transformation in European markets."

Company Background:

TCS generated consolidated revenues of over US $30 billion in fiscal year ended March 31, 2026
Company operates across 56 countries with 194 service delivery centers worldwide

Corporate Communication & India: corporate.communications@tcs.com, santosh.castelino@tcs.com, +91 22 6778 9999
Europe: roland.bagen@tcs.com, +46 70 3178024