Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Triple Point Technology Inc. : YES Bank Selects Triple Point to Manage Bullion Business

12/19/2012 | 06:06am US/Eastern
Recommend:
0
India's Fastest Growing Bank Chooses Commodity XL for Precious Metals

Pune, India (19 December, 2012) - Triple Point Technology, the leading global provider of cloud and on-premise Commodity Management software, announced today that YES Bank has licensed its Commodity XL for Precious Metals™ software to manage gold and silver bullion wholesale and retail distribution operations.

YES Bank is one of the top five largest private sector banks in India, and has been recognized as India's fastest growing bank by several sources including Bloomberg UTV and Businessworld. The bank serves corporate and retail customers at over 380 branches in 275 cities.

YES Bank required a state-of-the-art enterprise solution to seamlessly manage all aspects of the precious metals supply chain while supporting extensive regulatory compliance requirements. The company selected Commodity XL for Precious Metals because it is the only end-to-end solution providing integrated management for supplier trading, inventory and consignment control, sales administration, and retail bank operations while delivering unparalleled compliance functionality. Commodity XL will help YES Bank meet domestic and international regulatory requirements by providing a real-time, enterprise-wide view of exposure and automatically generating compliance documentation.

Commodity XL for Precious Metals is the leading solution for the treasury bullion business, with more than 60 percent of all gold imported to India transacted through the solution. Triple Point bullion customers include Diamond India, HDFC Bank, ICICI Bank, Karur Vysya Bank, Kotak Mahindra Bank, State Bank of India, Su-Raj Diamonds, and the Indian Bullion Market Association (IBMA). For more information, visit tpt.com/precious-metals.

About Triple Point Technology
Triple Point Technology® is the leading global provider of cloud and on-premise Commodity Management software that delivers advanced analytics for optimizing end-to-end commodity and energy value chains. The company provides innovative solutions for managing all aspects of volatile commodity supply chains: trading, procurement, enterprise risk management, logistics, scheduling, storage/inventory, processing, settlement, and accounting. Over 400 customers in 35+ countries across industries including energy, metals, minerals, chemicals, agriculture, shipping, consumer products, food and beverage, retail, and manufacturing depend on Triple Point solutions. Triple Point was named a "Leader" in Gartner's ETRM Magic Quadrant in 2009, 2010, 2011, and 2012. The company employs over 800 staff in 14 offices and support centers worldwide. www.tpt.com

distributed by
Recommend :
0
React to this article
Latest news
Date Title
<1m ago HURRIYET GAZETECILIK VE MATBAACILIK A S : Gilani forms committee to work for greater unity - Press Release issued by Kashmir Media Service
<1m ago NATIONAL GRID : Hydel generation up by 93 million units in August 2014 - Press Note issued by Water and Power Development Authority
<1m ago CHINA ENERGY : Lahore Chamber of Commerce and Industry holding seminar on Achieving Sustainable Economy by fully benefiting from China on September 4 - Press...
<1m ago Signing of deal between Civil Aviation Authority and China Construction and Communication Company for new Gwadar International Airport - Press Note...
<1m ago ICI PAKISTAN : announces Rs1.7bn profit after tax
<1m ago PAKISTAN INT CONTAINER TERMINAL : Zafar Iqbal Awan assures Federation of Pakistan Chambers of Commerce and Industry that he would take necessary remedial measures to speed up handling...
<1m ago LHC : Completes Previously Announced Acquisition of Life Care Home Health
<1m ago BOOKER : German retailer Metro to sell UK's Booker Group stake
<1m ago COMPUWARE : SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
1m ago SANOFI : Preedy police seize counterfeit medical store
Latest news
Advertisement
Hot News 
BANCO ESPIRITO SANTO : Espirito Santo debt attracts potential buyers at 2 percent of face value
CORRECT : Dixons Carphone Confirms Long Term Deal With Vodafone
OAKLEY CAPITAL INVESTMENTS : Reports Net Asset Value Fall
EXELIXIS : Announces Results from the COMET-1 Phase 3 Pivotal Trial of Cabozantinib in Men with Metastatic Castration-Resistant Prostate Cancer
COMPUWARE : to be Acquired by Thoma Bravo
Most Read News
1d ago FORMFACTOR : Raises Third Quarter Guidance Range
1d ago STUART OLSON : announces sale of Broda Construction
1d ago MEDICINOVA : to Present Data on MN-001 (tipelukast) for the Treatment of Idiopathic Pulmonary Fibrosis (IPF) During the 18th International Colloquium on Lung and Airway Fibrosis (ICLAF)
11h ago MANCHESTER UNITED : Van Gaal Speaks on Di Maria Injury
1d ago EXELIXIS : Announces Results from the COMET-1 Phase 3 Pivotal Trial of Cabozantinib in Men with Metastatic Castration-Resistant Prostate Cancer
Most recommended articles
1d agoDJZambia Copper Miners Say Crippled by Unpaid $600 Million Tax Refund-Mines Body
4d ago S&P 500 edges up to set new record; best month since Feb
1m agoDJSyrian Rebels Issue Demands for U.N. Hostages
2m agoDJEuropean Investors Eye Ukraine, ECB --2nd Update
6m ago Switzerland urged to step up fight against ill-gotten funds
Dynamic quotes  
ON
| OFF