Verasis products
An advanced platform, with two specialist applications.
Verasis is a new generation of proprietary software systems. Developed specifically for the banking and finance sectors by Veratec Limited, it is based on an advanced architecture framework, Verasis Platform.
This readily enables the development, management and run-time of computer-based applications. It utilises the very latest standards and technology, using an efficient grid-based user interface.
Verasis currently offers two product applications to the finance industry, Verasis Server and Verasis Trade Finance. Each addresses a highly-specialised business area and comes with full sales, technical and consultancy support.
Both products are application driven and can easily be adapted and customised to interface with existing systems. Both are modular, providing options and flexibility to suit functional business and timing requirements.
This highly efficient application enables financial institutions to meet increasingly complex and stringent regulatory and compliance requirements. It also fully supports the business processes of numerous functional areas.
Key benefits of Verasis Server
- A global view of financial risks affecting your enterprise
- Reduced capital adequacy requirements
- Increased risk analysis frequency, resulting in better-informed trading
- Compliance with regulatory requirements, using approved procedures such as VaR and back-testing
- Reduced daily workload due to automated report generation
- Reduced IT overhead costs due to combined application and database servers
- Single platform-consistency, single cost, standardised methodology
- Common technical environment (languages)
- Common database engine
- Common valuation engine
- Common interface methodology
- Common market data
Bringing long-awaited automation to one of the most complex areas of banking.
Key benefits of Verasis Trade Finance
- It provides a process that offers significant cost reductions
- It ensures that this process also benefits from true economies of scale
- It enables shared costs through centralisation of system and back-office operations
- It better manages counterparty risk - by client, correspondent, country and market
- It helps to protect or expand market share by providing accurate, real-time positional and profitability information
- It provides long-term investment protection
An advanced architecture framework.
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