The current technology in most banks used for the product offerings to corporates as well as retail customers is antiquated and ill-equipped to meet the growing demands of flexibility, scalability & Straight Through Processing (STP).
Hence, the banks are in severe need for well-managed systems with operational efficiency and robust functioning.
dealPro : Online Distriubution Platform
The dealPro is an end-to-end distribution platform for Banks, Non Banking Financial Companies (NBFCs), Mutual Funds Companies, Insurance Companies, Corporate, Money Changers and other Financial Institutions that provides functionality from data capturing to reporting and analysis.
Product Highlights
- Unified Platform which caters to wide variety of products definition and processing
- Online Market Feeds/ /NAVs/Bond Prices
- Transaction lifecycle can be easily attached for individual product with proper stages/rules/user profiles attached
- Enrichment helps to add new fields in case of any new requirement at the UI level
- Interactive Chat facility provided between Branches /HO for rate seeking and negotiation
- Client Centric CRM
- Reporting and Confirmations
- Interface with Core and Treasury systems
Product Coverage
- Retail FX:
- Currency/Bank Notes
- Travelers Cheque / Demand Draft
- Inward & Outward Remittance
- Forex Extended Service for FFMC(Full Fledged Money Changer) & Third parties
- Forward Contracts & Order Management
- Trade Import & Export Bills
- Collection, Purchase & Negotiation of Bills
- Inward Remittance & Outward Remittance against Bills
- Trade Deposits & Trade Loan
- Merchant Forex Cards / Stored Value Cards
- Bonds
- Government Bonds
- Corporate & Retail Bonds
- Bond Linked Deposit
- Mutual Funds & Insurance
- Open/Close Ended Funds
- Unit Investment Trust Funds
- Exchange Traded Fund
- Insurance
- Derivatives
- Currency Derivatives
- Dual Currency Deposit (DCD)
- Principal Protected Currency Deposit (PPCD) – One Touch/No Touch
- Principal Protected Currency Deposit (PPCD) – Double, One Touch/No Touch
- Principal Protected Currency Deposit (PPCD) – Wedding Cake Deposit
- FX Swap
- Other Utilities
- Limit Monitoring
- Tax / Charge / Fee
- Inventory of Instrument such as Bank Notes, Demand Draft, etc.
- Deal Slip & Advice Printing
- Standard & Adhoc Reporting
- Single view Dashboard
- Supports Integration with the Core Treasury System, Core Banking System, Information Portal, Processing Engine, SWIFT and other related systems.
Benefits
- Web based single working platform
- High volume handling capability
- Reduced TAT (Turn Around Time)
- Increased Operational Efficiency (User & Customer Satisfaction)
- Easy Integration
- Real Time Service
- Customer Stickiness
- Satisfied & Increase in Customer Base
- Cross Sell Opportunities
- Product & Service Development & Promotion
- High Revenue generation
