Jan 27th, 2012, Indonesia
FinIQ is pleased to announce that a large Indonesian bank has gone live with its FX linked structured products module. The implementation was done successfully within 3 months of kick-off. It automates hundreds of branches by replacing telephone-based distribution wherein branches were required to call treasury dealers for quotations and deal booking. Instead, now, with FinIQ, branches can obtain online, real-time, dealable quotes for their clients and book their transactions instantly. The post-trade events, too, are automated: this improves the efficiency of customer correspondence and settlements as well.
Shodhan Shah, Director at FinIQ says, “Having our first Indonesian local bank is a major breakthrough. We aim to achieve success in Indonesia similar to what we have in the neighboring countries in the region. Indonesia will be a key growth market for FinIQ in coming years and we are committed to a strong support and implementation model geared towards to local needs.”