ENTERPRISE SOFTWARE SOLUTIONS USING THE LATEST TECHNOLOGIES

CorrTec is a leader in providing Global Counter Party and Country Risk Management solutions that have earned a market-leading position.  Since 1999 CorrTec has been leveraging the latest technologies to provide our clients with powerful enterprise-wide software solutions.

Our experience, solution development expertise, technical skills pool, and proven methodology has enabled us to provide our clients with high quality, reliable and cost effective solution development services including:

  • Project Management
  • Enterprise Software Development
  • Software Testing and Quality Assurance (QA)
  • Data Conversion / Integration
  • Consulting

We have successfully implemented the following solutions for our well reputed client financial institutions:

Global Counter Party and Country Risk Management System:

This solution enables the financial institution to monitor and manage its risk being taken on the Counter Party / Financial Institutions and Countries, and to maximize their profitability and minimize their risk exposure by mitigating / selling the risk in the secondary market.

This solution has been implemented at ABN AMRO Bank N.V., NatWest Group (consisting of NatWest, Royal Bank of Scotland, and Ulster Bank), Fortis Bank, Rabobank, and Scotiabank (The Bank of Nova Scotia).

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Export Bills Payment Collection System:

This solution enables the financial institution to offer their services to other financial institutions for the collection of export bills proceeds. With this application the customer financial institutions can lodge their Claims under an LC online and collect the proceeds in shorter time frame.

This solution was implemented at ABN AMRO Bank N.V.

Payment of Claims under a LC System:

This solution permits the financial institution to honor and pay the Export Bills Reimbursement claims to a third financial institution who negotiated the export bills under the letter of credit (LC) of the customer financial institution, by ensuring that claims are within the validity and balance amount of LC.

This solution was developed for ABN AMRO Bank N.V.

Nostro Reconciliation System:

The Nostro Reconciliation solution helps the financial institution to efficiently and effectively reconcile their Nostro accounts activity.

This solution was implemented at the Royal Bank of Canada, and National Bank of Pakistan.

Solutions currently being offered…

Global Counter Party and Country Risk Management (CorrRisk) Solution

The Global Counter Party and Country Risk Management enterprise-wide solution CorrRisk allows the Financial Institutions to approve, monitor, and syndicate exposures for direct/indirect Trade Credit Risk.

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Loan Origination Solution

The Loan Origination enterprise-wide solution allows the Financial Institutions to analyze and determine whether the requested loan can or cannot be offered to that customer.

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Documentation Preparation Solution

The Document Preparation solution generates agreement and contract documentation for loan facilities provided to customers using required and defined documentation templates containing keywords and tokens whose data is filled in by the solution.

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Collateral Management Solution

The Collateral Management solution is an enterprise-wide global solution that allows granting, verifying and giving advice on collateral transactions in order to reduce credit risk in unsecured financial transactions.

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