Tech Mahindra signs Five-Year Pact with UBS Fund Services

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

For providing managed services across four areas of development, namely securities reference data, pricing, corporate actions and tax data, Tech Mahindra has signed an agreement with UBS Fund Services (Luxembourg) (UBS FSL) for offering support using its managed data services platform named as Tech Mahindra Managed Data Services (MDS). This MDS platform is designed to support asset managers, wealth managers, investment banks, custodians and administrators.

"The process of managing securities data and pricing has evolved towards platform-based offerings. Forward-thinking financial institutions are increasingly looking to acquire those services from best-in-class service providers. By leveraging the Tech Mahindra MDS platform, we can achieve substantial cost savings and process efficiencies while maintaining our focus on delivering high-quality services to our fund administration clients," said Pierre-Antoine Boulat, CEO, UBS FSL.

Navin Kumar, Operations Head for Managed Data Services, Tech Mahindra, said, "Many of the functions that we will perform are continuously repeated not only within organizations but also across the financial markets in general. This repetition is an unnecessary cost and the industry is significantly overpaying.....See More