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Blockchain Revolution Series: India’s Leading IT Giant TCS Launches Quartz Smart Solution For Cryptocurrency Trading
TCS has recently come up with ‘B⍺NCS’ the financial solutions under the flagship company of Tata Consultancy Services (TCS), who pioneered the world’s first overseas securities settlement deploying Quartz blockchain.
For now, their new crypto services solution enables financial community (including banks and investment firms) to enable investments and portfolio diversification into cryptocurrencies and Digital Assets for their clients.
Tata Consultancy Services (TCS), India’s renowned IT services company, has announced the launch of a new product called Quartz to assist banks to offer cryptocurrency-related services, as per the official press release by TCS.
“Cryptocurrencies, digital fiat currencies and digital assets are poised to become viable alternate avenues for investments, hedging and portfolio diversification. Progressive financial institutions are looking to provide these options to their clientele. We are excited to offer them our robust, secure and scalable solution for trading, storing and transfer of these assets. We believe Quartz is well ahead of the curve in providing such a solution that allows customers to transact in multiple cryptocurrencies and digital assets, backed by best-in-class security features,” said R Vivekanand, Global Head, Quartz, TCS.
Quartz Smart Solution for Crypto Services comes integrated with a best-in-class hardware security module that enables cryptographic signing of each transaction, thereby ensuring security and authenticity. With state-of-the-art features such as multi-signature wallets with an in-built authorization engine that enables configurable transaction approval policies, blockchain forensic checks, auto reconciliation and compliance alerts, exchange and OTC desk connectivity and audit capabilities, among others, it ensures that a transaction is executed only after proper validation as well as authorization by the user.