Ventured into the software business to leverage the rich in-house domain expertise and to address the market need for standard software solutions in the space of treasury management
First treasury management software ‘iDEAL’ launched with Amex India as first customer
iDEAL positioned as an integrated front, middle and back office treasury solution covering the entire gamut of money market and capital market products.
iDEAL Funds - launched for Fund Management with Reliance Mutual Fund as its first customer.
RiskMark - industry standard risk management software for Value at Risk and market risk related capital adequacy monitoring released as an add on to iDEAL
Mercury FX - launched forex branch dealing software built completely on Instant Messaging Technology, bagged various commendations at the Technology Awards 2003 and at the Bank.Net International conference 2003.
Mercury FX rolled out across India’s largest networked premier bank, State Bank of India. Solution scaled to meet demand for direct customer dealing.
Initial forays in international markets leads to customers in Philippines and Nigeria. First Metro Investment Corporation signs up as the first customer in Philippines.
iDEAL Wealth launched to address wealth management and investor servicing requirements.
CashTrea launched as a solution to cater to non-banking treasuries including non-banking finance companies and large corporates.
CashTrea becomes the preferred solution for non-banking
finance companies and corporates.
Kept pace with the changing landscape in the
technological and digital environment. Started offering
iDEAL Wealth and Funds on cloud along with customer
portal, robo-advisory and mobile apps.
Increased global presence with new office premises in
Manila, Dubai and Singapore.