YES Bank Selects Triple Point Technology To Manage Bullion Biz

Triple Point Technology, the global provider of cloud and on-premise Commodity Management software, has announced that YES Bank has licensed its Commodity XL for Precious Metals software to manage gold and silver bullion wholesale and retail distribution operations.

YES Bank required a state-of-the-art enterprise solution to seamlessly manage all aspects of the precious metals supply chain while supporting extensive regulatory compliance requirements. The company selected Commodity XL for Precious Metals because it is the only end-to-end solution providing integrated management for supplier trading, inventory and consignment control, sales administration, and retail bank operations while delivering unparalleled compliance functionality.

Commodity XL will help YES Bank meet domestic and international regulatory requirements by providing a real-time, enterprise-wide view of exposure and automatically generating compliance documentation.
Triple Point bullion customers include Diamond India, HDFC Bank, ICICI Bank, Karur Vysya Bank, Kotak Mahindra Bank, State Bank of India, Su-Raj Diamonds, and the Indian Bullion Market Association (IBMA).