Good morning to the respected members of the panel.

This is Abdul Ayaaz Shaik

I’m currently doing my internship at Tata Consultancy Services.

Tata Consultancy Services:

So about TCS
1.It is an Indian MNC in IT service and consulting and it is headquartered in
Mumbai, Maharashtra, India
2.It is one of the largest companies in the IT sector in the world by market
capitalization of $169.2 billion dollars.
3.It is Subsidiary of the Tata Group which is operating in 149 locations across 46
countries.
4.Tata consultancy services was ranked 64th overall in the Forbes world’s most
innovative companies.making it both the highest-ranked IT services company
and the top Indian company.

Project Description:
The project I’m working on is a banking project which has an application.

This application is a gateway and message transferring platform for Forex

transactions.

This gateway application is used for Foreign Exchange (Forex) transactions.

How does it work?

When a person transfers money individually, they will go to their bank with the
recipient's banking SWIFT code and an international account number. The local
bank will then send a SWIFT message to the recipient's bank to accept the
transfer.

What is SWIFT?

SWIFT stands for Society of Worldwide Interbank Financial Telecommunication.

Their goal was to be an intermediary and executor for cross-border payments,
helping them move smoothly, serving a very important need in today’s global
commerce.

Financial institutions worldwide have the option to become part of SWIFT’s

network. They provide messaging systems and use the latest technology to
ensure safe and expedient international commerce. The network is vast,
comprising close to 11,000 entities who transmit approximately $33.6 million USD
every day.

Since the concept of SWIFT was created to make an efficient cross-border

payment system, their solution for a seamless, integrated, universal process
includes a series of codes. This system is used all over the world to great
success.

SWIFT code Overview:

The SWIFT code is a Business Identification Code (BIC) assigned to banks by

SWIFT as an easy cross-border payment solution. For any transaction this bank
makes on an international level, the SWIFT code is used. The purpose of the
code is to act as an international digital language to conveniently conduct
payments overseas. The concept makes for a fast, hassle-free process. A bank
must opt into SWIFT to receive the code and be part of the network. This vast
system is electronic and uses a cloud platform to quickly transmit codes to and
from banks.

It is made of up to eight to eleven characters, codes are assigned using an

algorithm of three parts: the institution, the country, and the local location (city,
town, etc). Banks that choose to use eleven characters do so usually to identify a
specific branch. This is the case when more than one branch exists in a local
area. For example, bank franchises that have multiple locations in a big city, such
as London or New York City or San Paolo, will likely use an eleven-character
SWIFT code to designate the specific branch.
Sample output message:

As you can see the sample message which was generated by me.

The yellow highlighted part is the business identification code(BIS).

With the bank name, the country at front, and the local location of the bank at the
end.

As per the TCS company policy I should not disclose the client details and
application details more than this.

What is a gateway?
An application gateway or application level gateway (ALG) is a firewall proxy
which provides network security. It filters incoming node traffic to certain
specifications which mean that only transmitted network application data is
filtered.

And yes with that I come to the end of my Presentation.

Thank you.