Aditya Birla Minacs: TradeFree Portal

Functionality & Features: This is an online portal built by Aditya Biral Minacs for banking domain. Banks can customize this portal and use it to manage their corporate customer, saving time of development and configuration for them. The solution allows corporate customer to request for pre-shipment finance, letter of credit or bank guarantee without having to visit the branch/bank and view the transaction status sitting at his office. Features worth mentioning about this portal are pre-built integration to core banking systems, treasury systems, document management systems, SSO (Single SignOn), and H2H (Host 2 Host) connection.

Technology used: JSP, XML, Web Services, SOA, Database/Oracle, i18n, XSLT, Digital signatures, Workflow, Message Queues.

USP: Strong support for generations of regulatory requirements (A1, A2, NNL, FEMA) & international standards SWIFT, UCPDC.

Impact: This portal considerably reduces TAT which in turn has resulted in higher customer satisfaction for banks corporate customers.

Overall, the fact that such a system didn't exist earlier makes it unique, and a lucrative option for banks to leverage, instead of creating it themselves or asking their CBS vendor for it.