Profit distribution is a critical function that impact’s a financial institution’s reputation and market share.
The majority of Customers, Depositors and Investors seek low risk investments with higher profit rates to secure their investment and achieve good returns. Accordingly, banks require a solution to ensure accurate calculation of profit rates, customer profits as well as efficient and fast profit distribution. Historically, calculations and distributions were done manually using Excel and manual books. ETHIX PCD by ITS is an innovative banking software solution that not only calculates and distributes profit effectively, but allows continuous, high speed calculations until an approved profit rate is reached.
ETHIX reporting module (ETHIX-360) supports the delivery of comprehensive reporting daily, monthly and yearly, as well as reporting requirements of Central Banks, and Bank Risk, Operations, Security and more.