TCS Partners with Euroclear for Sweden’s Central Securities Depository
Thursday, June 4, 2026
Photo courtesy - Ashkan Forouzani/Unsplash
TCS, a provider of IT services, consulting and business solutions, has announced the expansion of its long-standing partnership with Euroclear Group to drive the next phase of transformation for Sweden’s Central Securities Depository (CSD). As part of this initiative, Euroclear Sweden will deploy TCS BaNCS for Market Infrastructure and Quartz, TCS’ advanced digital solutions, 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’ Quartz will leverage distributed ledger technology and AI to support tokenised assets, decentralised settlements and real-time, actionable insights. Contd
Together, these solutions will help Euroclear to implement its Nordic transformation strategy, aimed at driving standardisation and growth through the deployment of a modern, Cloud-ready and scalable CSD platform across Sweden and Finland. The unified platform will enable continued compliance with European standards, enhance straight through processing. The implementation of a unified platform will be achieved through a phased IT transition, including the migration of the Swedish market to the European Central Bank’s TARGET2-Securities (T2S) platform for secure and efficient pan-European settlement.
Hanna Vainio, CEO, Euroclear Sweden and Finland said, "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. This collaboration is a pillar of our 'One Nordic' vision, allowing us to harmonise business and IT practices onto a single, resilient platform. 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, BFSI Products & Platforms TCS said, “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. We are deeply committed to ensuring the platform is future-proof, resilient, scalable, while leading the way for transformation in European markets.”
