OVERVIEW

The banking business becomes more challenging as customers become more demanding and competitors become more sophisticated with their offerings. The ideal approach, would be to lower the cost of business, while increasing the availability and quality of products and services. Transaction Banking, has evolved as an effective solution to fulfil this approach. The low-risk, high profit business model, is gaining more attention, as institutions have been forced to look for capital sources, outside of traditional markets. Kastle® Transaction Banking enables safe and efficient movement of cash and securities around the global financial system. The solution streamlines institutional cash flow management, facilitates trade finance deals and enables providing innovative working capital solutions to the SME and corporate customers.

FUNCTIONAL MODULES

Trade Finance

Trade Finance is a web application module, which can be offered as an ‘Add-on’ module and can seamlessly integrated with external Core Banking, Transaction Banking and Treasury applications. The solution ensures that the information formulated for decision makers is timely and complete and the user gets a 360 degree view of the Customer information. It incorporates the fundamental features of Trade Finance business, like Letters of Credit, Bills etc. It also includes relevant SWIFT messaging and reports.

Supply Chain Finance

SCF is a cloud enabled platform, offering solution to liquidity, working capital and transparency.It unleashes collaborative capabilities to onboard Buyer, Suppliers, Dealers on a global platform, with a prime objective to ‘Fund the Growth’ and help all parties, succeed.

Factoring

Factoring is a web-based, platform independent solution that enables business transformation with efficient, integrated management of the various assets involved in the receivables finance business. This multi-currency system with international language support enables receivables finance institutions to help clients address key business issues like centralizing business operations, using resources optimally and leveraging technology investments via a comprehensive suite of receivables finance tools. It focuses on critical business issues like flexible product offerings, increased business volumes, rapid transaction turnaround and straight-through processing. The solution assures enhanced business efficiency, optimum productivity and maximized profitability.

WHY TRANSACTION BANKING