IBSFINtech: Trusted IT Solution Partner for Treasury and Risk Management


An award-winning FinTech company, IBSFINtech is the market leader in Treasury Management Solution providers in India. The company specializes in innovative, integrated and comprehensive solution for Risk, Treasury and Trade Finance Management. The company enjoys the benefits of strategic partnership with Thomson Reuters, which enables seamless integration of IBSFINtech’s TMS with market data feed from Thomson Reuters.  This empowers the corporates using this solution with robust data and market analysis, comprehensive view of risk and access to FX liquidity. Thereby playing a pivotal role in helping the corporates to mitigate operational risk, drive automation and optimize business efficiency.
The Technopreneurs
The company was established by ex-bankers named C M Grover (MD & CEO), T M Manjunath (ED & CTO), and S Sethuraman (Director), who have more than 100 years of combined experience in the financial services industry. Having hands on experience both in technology and domain, they identified niche gap in the market for a comprehensive & integrated solution to help the corporates manage and mitigate risks emanating from volatility in the financial markets. This need led to development of a Global and Industry Agnostic Treasury & Trade Finance management solution which now automates the Treasury operations of an organization and thereby plays pivotal role in managing & mitigating the attendant risks. Their enthusiasm and passion towards the company in order to achieve success is what drives the employees to put their persistent efforts to take the company to newer heights.
An Award-Winning FinTech Product
IBSFINtech has developed an award-winning FinTech product which is innovative, integrated and a comprehensive solution. Its product portfolio comprises Innovative Treasury™5.1i with exclusive modules for Currency, Commodity, and Money Market and Innovative Trade Finance™ 5.1i with exclusive modules for Import-Export Management and Market Borrowings & Cash Management.
Innovative TreasuryTM5.1i supports Multi-Company, Multi-Location and Multi-Portfolio environment. It aids in managing exposure and offer tools to mitigate operational risks. It provides real time reports/ dashboards for managing Open Positions vis-a-vis MTMs, Cash-flows and Collaterals. The investment module facilitates end-to-end management of mutual fund, fixed deposit, commercial paper, certificate of deposit, fixed maturity plan, government bonds, T-bills, Repo & Reverse Repo. The Commodity Module supports end-to-end trade & risk management in commodity trading process right from the order placement till maturity, hedging the trades, cancel or rollover of hedges.
Innovative Trade FinanceTM5.1i optimizes trade finance operations by implementation of Straight-Thru-Processing (STP) and multi-user control mechanisms to resolve accounting complexities, and monitor bank limits like availability vis-à-vis utilization.
A cohesive and holistic treasury ecosystem of the company enables enterprises to improve their statutory compliance capabilities and also handle the complete workflow of transaction from initiation to settlement.
IBSFINtech’s Strategies to Overcome Obstacles
At the early stage of its journey, the company has faced several key challenges which include lack of maturity of corporate treasury market in India, absence of fit-for solution for the corporate, fear of technology adoption and establishing the brand value.
To overcome these obstacles, it generated awareness among the decision makers about the benefits of automating the treasury operations. Firstly, IBSFINtech created proven credentials for the company’s product in the industry. Secondly, it partnered with the right channel partners present in the similar space such as the big fours, forex advisory firms, and so on.  IBSFINtech also participated in startup accelerators, events and awards in the FinTech domain to increase the visibility in the market. In addition, the company remained focused on enhancing the product capabilities to suit the evolving market needs.
Over the period, the proven credentials, exhaustive functionalities, comprehensiveness and seamless integration, helped build a considerable position for the company in the market. Thereby, making the heads of large corporates turn, seeking comprehensive treasury management solution to automate its treasury & trade finance functions.
IBSFINtech’s products have been thoughtfully designed and developed, keeping in mind the gaps in the current TMS market. It is the perfect fit for the existing ecosystem so the organizations can smoothly accomplish their transition and leverage technology for automation. These products are also flexible, adaptable and easy to customize in order to fit the needs of the organization. Apart from this, these are also robust and scalable & easy to use due to the ease of implementation. Also, the products have a short learning curve for less than five days
along with an Intuitive Data Capture. It can be integrated with ERPs, existing IT Infrastructure, and market data provider Thomson Reuters.
Awards and Achievements
Being the market leader of Treasury Management Solutions in India, IBSFINtech solutions are leveraged by the top organizations which include Swiss Firm IMR Metallurgical Resources AG, Maruti Suzuki India Ltd, JSW Steel, Olam Agro India Ltd, Mahindra & Mahindra, Future Group, Sonalika (International Tractors Ltd), Himatsingka Seide Limited, Sai Life Sciences, IndoFil, HCL Corp Group, Times of India Group, and Snapdeal.
Additionally, the company has gained numerous awards which includes Adam Smith Awards Asia, 2017; Runners Up – FinTech Valley Start-up Challenge, 2017; Winner – Thomson Reuters FinTech Challenge 2016; Software Product of the Year 2015; Emerging IT Company of the Year 2015; and  Solution Provider of the Year 2015.
Future Endeavors
While talking to the technopreneurs about the future advancements of the company, C M Grover said “Our vision is to become the most trusted IT solution partner for Treasury and Risk Management globally across industries”.
Source :-The 10 Most Prominent BFSI Solution Providers In 2018

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