KBZSC And AYA Trust, Myanmar Deploy TCS BaNCS In 90 Days - To Leverage Global Capital Markets Best Practices And Standards & Process Nearly 80 Percent Of Myanmarâs Market Transactions

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, has today announced that the two largest banks in Myanmar, KBZSC and AYA Trust, were able to participate in the historic opening of the Yangon Stock Exchange (YSX) with two parallel deployments of the TCS BaNCS for Securities Trading and Settlement. The two banks cumulatively process about 80 percent of the country’s total equity transactions. The commencement of stock trading marks a new chapter in the history of Myanmar, and the establishment of its domestic capital markets stands as an important milestone towards fuller participation in the world economy.