ING Vysya Bank goes Live on Credence Mercury-Fx


 

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NG & Vysya Bank has gone live on Credence MercuryFx for automating its end to end forex exchange services. ING has chosen MercuryFx to manage their day to day operations in its new initiative to launch full fledged Foreign Exchange Services to its customers. ING's aim of having a product which is “easy to use” and provides support across spectrum of retail forex instruments is accomplished by using the system of Credence Analytics.

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he bank has gone live on a browser based, multicurrency, real-time forex branch dealing system to enable a structured communications and transaction among the treasury dealing room, trade finance operations and retail branches The implementation involved a team of domain experts and project consultants from Credence focusing on automating the operations. With the maturity of product and Credence domain expertise the implementation was completed in around 3 months and the system has gone live.

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r. Sudarshan Motwani, Head Foreign Exchange Business commented “We have very ambitious plans for our business growth, our aim is to be the one stop shop for our clients for all their retail foreign exchange banking needs. Credence Mercury Fx solution provides us a strong backbone to deliver customized products in a fast and efficient manner.”

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r. Aniruddha Paul, Head – Change Delivery at ING Vysya bank stated, “Credence Mercury Fx was selected after an extensive evaluation and proved to be the most functionally rich platform with an ability to deliver end to end operational support for our new Foreign Exchange Services (FES) business”.

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r. A Vijay Simha, CEO, Credence Analytics stated, “Credence Analytics is constantly striving to provide its clients with the best services and we are delighted to again prove our capabilities in achieving this. Our success in the market space is because of our extensive industry knowledge derived from long history of providing solutions to the leading players in the market”.

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