Corrtec, Llc, Karachi, Pakistan

About Corrtec, Llc Pakistan

• We are a US based software development company that specializes in envisioning, designing, and developing banking systems / solutions for various financial institutions of the world, using Microsoft tools and technologies. With head office in New Jersey, USA we have some of the top names in our client list. This includes Royal Bank of Canada, ABN AMRO Bank N.V, Fortis Bank, Royal Bank of Scotland (RBS), National Bank of Pakistan NYC, Rabobank International, Bank of Nova Scotia Canada etc.

  CorrTec, LLC is an international computer software company providing specialized banking (Trade Risk and Income Management, Export Bills Payment Collection, Reimbursement of Claims under a Letter of Credit, and Nostro Reconciliation) solutions for major international banks.

  Since its inception in 1999, CorrTec has used its best practices and highly experienced resources in for the analysis, development, quality assurance, and implementation to deliver high-quality, cost-effective solutions to the international banks. Headquartered in New Jersey, USA, CorrTec has its presence in different regions.

  Our experience, product development expertise, technical skills pool, and proven methodology has enabled us to provide our clients with high quality, reliable and cost effective product development services including:

  Project Management

  Product Prototyping

  Product Design & Development

  Product Testing and Quality Assurance

  Product Maintenance/Enhancements & Support

  Product Reengineering

  We have successfully implemented the following product solutions for our well reputed client banks:

  Trade Risk and Income Management system:

  This application enables the bank to monitor and manage its risk being taken on the counter party / Financial Institutions and Countries, and to maximize their profitability and minimize their by mitigating / selling the risk in the secondary market.

  This system has been implemented at ABN AMRO Bank N.V. / The Royal Bank of Scotland, Plc, NatWest Bank, Rabobank International, and currently being implemented at Scotiabank.

  Export Bills Payment Collection System:

  This application enables the bank to offer their services to other financial institutes for the collection of export bills proceeds. With this application the customer banks can lodge their Claims under an LC online and collect the proceeds in shorter time frame.

  This system has been implemented at ABN AMRO Bank N.V.

  Payment of Claims under a LC System:

  This application permits the bank to honor and pay the Export Bills Reimbursement claims to a third bank who negotiated the export bills under the letter of credit (LC) of the customer bank, by ensuring that claims are within the validity and balance amount of LC.

  This system was developed for ABN AMRO N.V.

  Nostro Reconciliation System:

  The Nostro Reconciliation application helps the bank to efficiently and effectively reconcile their Nostro accounts activity.

  This system was implemented at the Royal Bank of Canada.

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