As a part of the ongoing development of its trade products and services, ABN Amro has launched two enhancements to its MaxTrad trade services portal that will make it even simpler to customise and more effective to use.
‘MyMaxTrad’, will enable financial institutions to quickly and easily adapt MaxTrad as a self-contained, standalone product for their own clients using standardised XML file formats. Their customers can then access MaxTrad functionality in a fully branded environment.
MaxTrad DDI (Documents, Discrepancies & Images) provides document and discrepancy information online, together with copies of the document images. Users also have the ability to share copies of the documents with their client as well as the option to approve or reject documents online. It enables banks to make well informed decisions; helping to reduce risk related issues through misinterpretation or delayed documents in transit.
Sainath Radhakrishnan, global head of financial institutions trade outsourcing says: “The high cost of developing and maintaining proprietary systems often outweighs the potential return. MyMaxTrad makes it possible for institutions to reduce costs and improve client service by providing their clients with a market-leading product, backed by years of expertise and ongoing investment from ABN Amro but using their own branding.”