YES Bank Selects Triple Point to Manage Bullion Business

YES Bank Selects Triple Point to Manage Bullion Business 
PUNE, INDIA -- (Marketwire) -- 12/19/12 --  Triple Point Technology,
the leading global provider of cloud and on-premise Commodity
Management software, announced today that YES Bank has licensed its
Commodity XL for Precious Metals(TM) software to manage gold and
silver bullion wholesale and retail distribution operations. 
YES Bank is one of the top five largest private sector banks in
India, and has been recognized as India's fastest growing bank by
several sources including Bloomberg UTV and Businessworld. The bank
serves corporate and retail customers at over 380 branches in 275
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.  
Commodity XL for Precious Metals is the leading solution for the
treasury bullion business, with more than 60 percent of all gold
imported to India transacted through the solution. 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). For more
information, visit 
About Triple Point Technology
 Triple Point Technology(R) is the
leading global provider of cloud and on-premise Commodity Management
software that delivers advanced analytics for optimizing end-to-end
commodity and energy value chains. The company provides innovative
solutions for managing all aspects of volatile commodity supply
chains: trading, procurement, enterprise risk management, logistics,
scheduling, storage/inventory, processing, settlement, and
accounting. Over 400 customers in 35+ countries across industries
including energy, metals, minerals, chemicals, agriculture, shipping,
consumer products, food and beverage, retail, and manufacturing
depend on Triple Point solutions. Triple Point was named a "Leader"
in Gartner's ETRM Magic Quadrant in 2009, 2010, 2011, and 2012. The
company employs over 800 staff in 14 offices and support centers
Lauren LaFronz
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