For significant achievement in cloud native architecture and scalability, the award for Best Cloud-Based Technology Initiative goes to Clearstream Fund Centre and TCS. 

The winning financial institution established a fully compliant entity with a platform that integrates custody, settlement, FX, credit, and reconciliation into a unified fund infrastructure. Built on a cloud-native core banking system powered by TCS BaNCS, it has an API-first architecture, multi-zone availability, and high fault tolerance. Delivered in 25 months, it enables real-time processing, modular scalability and multi-custodian capabilities. These enhanced transaction processing capacity, resilience and onboarding speed while reducing operational costs.