Bank of Philippines Island (BPI) Select Avantrade to provide Online Investment Services

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Bank of Philippines Island (BPI) one of the Philippines’ most respected banking institutions select Avantrade Wealth Management Suite to provide online investment services in order to make mutual and trust funds transactions a lot more easier for their customers which they called “Investment 3.0”.

“Investment 3.0” simplify all customer’s transactions like opening a new mutual fund account, seeing portfolio, subscribing and redeem their investments only by login to www.bpiassetmanagement.com. “Investment 3.0” enables customers to buy various unit trusts and BPI mutual funds securely.

Avantrade Wealth Management Suite, one of the best wealth management platform which have effectively support financial institutions designed specially to meet the industry need. Avantrade features cover financial planning, private banking, insurance point of sales, portfolio management, order management, unit trust, trustee system, bancassurance and pension fund.

This cooperation proves that Avantrade, a platform which build by Indonesian engineers in Jatis Group(member of Indivara Group) have the ability and quality to meet international demand.

Jatis Group(member of Indivara Group) is one of the largest group of IT Consulting Companies in the South East Asia region.

Metrobank Philipines Select Avantrade to transform Trust Front End System

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Jatis Group(member of Indivara Group), through its Philippines subsidiary, announced that it has been selected by Metropolitan Bank & Trust Co. (Metrobank), to provide a unified Trust Front-End System. This system will enhance the front-end branch distribution operations of Metrobank to effectively sell wealth management products to its retail, mass affluent, and high net worth customers. The Trust Front-End System Project will cover the entire Philippines, Luzon, Visayas, and Mindanao. Metrobank is one of the oldest and the second largest bank in the Philippines.

The Trust Front-End System consists of 2 modules:

  • Avantrade™ Unit Trust Sales is specifically designed to support unit trust/mutual fund business process to help agents’ selling process such as: order management, generate and monitor sales while complying with the regulations; and to provide fund supermarket to the customer.
  • Avantrade™ Fixed Income is designed for selling agents and custodians to support fixed income transactions particularly long-term investments. This does not limit to cover government bonds but all types of bonds that can be sold to retail investors. In particular, retail investors with smaller denominations with business scheme such as Broker-Dealer Concept and Inventory Concept are also covered by this system. Inventory Concept means that the Bank takes position to hold and customer can do trading with price set by the bank, no negotiation Aid. Banks act as standby buyer of the small denomination of bonds from the customers.

With the growing wealth of the middle income population in the Philippines, banking customers increasingly become financially literate and look for more options to invest than traditional banking products. The Trust Front-End System is designed to help Metrobank achieve the following business objectives, to increase sales volume and revenue income; to reduce time and effort in processing investment disposition transactions; to have a single transaction entry for both order-taking and settlement; to facilitate a more efficient client profiling and suitability assessment procedure; to offload work from marketing officers; and to have access to real-time information necessarily for Fund Managers to take investment positions effectively. Avantrade™ is web based application, information will easily and widely distribute within users in Metrobank. Fund Managers will have easy access to the entire investments positions.

With the trust given to Jatis by Metrobank, Avantrade™ Wealth Management System continues to show that it can compete with European and American products.

Citilink Self Check-In: Powered by Jatis

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In order to improve services to its customers, Citilink, subsidiary of PT Garuda Indonesia for Low Cost Carrier, has launched ‘Citilink Self Check-In’ in Soekarno-Hatta Airport yesterday (24/7). Citilink Self Check-In is using a machine that shape like ATM machine.Citilink has been being the first to launch this Self Check-In service in Indonesia.
Passengers without baggage can check-in by themselves and have the boarding passes without queuing at check-in counter, with these simple steps:  entering Booking Code and Last Name, then it will show the passenger’s name and trip destination, continue with clicking “Boarding” button.

Besides  Soekarno-Hatta Airport at Jakarta, Citilink Self Check-In will also be available in five other airports in the following cities:  Surabaya, Medan, Makassar, Balikpapan, and Denpasar.

Citilink Self Check-In is supported by Jatis, as the Technology Partner that built the engine to integrate it with Citilink’s reservation system.

Previously Jatis and Citilink had partnership in payment system.  And Jatis is looking forward to continue supporting Citilink to provide more innovative solutions for Citilink’s growing customers