Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/19/2012 | 12:06pm CEST
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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
08:38p ACTION HOTELS : Group unveils $56m Dubai Healthcare City hotel upgrade
08:38p AIRBUS : Pegasus receives first CFM-powered A320neo
08:38p TURK HAVA YOLLARI AO : Turkish Airlines operations, flights continue uninterrupted
08:38p SCHNEIDER ELECTRIC : introduces InRow DX 600mm
08:38p SCHLUMBERGER : Kuwait set to award $27bn contracts this year
08:38p VODAFONE EGYPT TELECOMMUNICATIONS SAE : €390m revenues of Vodafone Egypt in Q4 of FY 2015/2016
08:37p DOUGLAS EMMETT : and QIA buy LA office building for $225m
08:37p BOUYGUES : Cairo Metro Line 3 work assigned to ETF-ORC-TSO
08:37p JUNIPER NETWORKS : IT sector ‘not prepared for digital disruption’
08:37p EZDAN : cuts water usage by 60pc at homes complex
Latest news
Advertisement
Hot News 
-7.47%BANCO DE SABADELL : Profit Falls on Loan Losses
7.29%ACACIA MINING : sees full year output at or above top end of guidance
4.80%STANLEY BLACK & DECKER : Names New CEO, Raises Guidance
-6.75%PAYPAL : Visa profit tops estimates on higher payments volume
-2.57%HONEYWELL : Cuts Revenue Guidance
Most Read News
03:30a MINISTRY OF ECONOMIC AFFAIRS AND FINANCE OF IS : Role of OCSSPI in fight against smuggling is very effective
12:08a VOLKSWAGEN : No More Diesel Cars for US, Says Volkswagen
07/23 EXCLUSIVE : Tesla, SolarCity close to merger agreement
07/23 MANCHESTER UNITED : Sunderland snap up 'first choice' Moyes as boss
01:32p VERIZON COMMUNICATIONS : to announce $5 billion deal to buy Yahoo - source
Most recommended articles
02:22p VERIZON COMMUNICATIONS : to announce $5 billion deal to buy Yahoo on Monday
01:50pDJYAHOO : Verizon Finalizes $4.8 Billion Yahoo Deal
12:33p GM re-evaluates India investment, new car platform on hold
12:16pDJApple Is Ripe for a Rally -- Ahead of the Tape
11:14aDJTerror Attacks Weigh on Europe's Travel Companies