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Dion Global surges on implementing FinTRACE at WGZ BANK

20 Jun 2012 Evaluate

Dion Global Solutions is currently trading at Rs. 26.50, up by 0.40 points or 1.53% from its previous closing of Rs. 26.10 on the BSE.

The scrip opened at Rs. 26.00 and has touched a high and low of Rs. 26.50 and Rs. 25.05 respectively. So far 1062 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 56.95 on 21-Jun-2011 and a 52 week low of Rs. 20.30 on 29-May-2012.

Last one week high and low of the scrip stood at Rs. 27.40 and Rs. 24.05 respectively. The current market cap of the company is Rs. 170.81 crore.

The promoters holding in the company stood at 59.46% while Institutions and Non-Institutions held 4.59% and 35.95% respectively.

Swissrisk Financial Systems, a Dion Global Solutions Company, has successfully implemented -- FinTRACE -- at Germany-based WGZ BANK for the automation of their payment investigations. The system is now used to manage enquiries from over 200 connected correspondents of ‘Volks-und Raiffeisenbanks’ and WGZ BANK.

With the successful implementation of FinTRACE, the bank has optimized the enquiry processing with an electronic solution that guides the user to take the appropriate actions at the right time.

FinTRACE connects WGZ BANK’s correspondents in real-time by automated communication channels such as SWIFT, email and fax messaging. FinTRACE is an entirely rule-based case management system used by financial institutions to automate their investigation process for financial transactions in their payments, securities and FX/Money Markets areas. The product has a comprehensive web-based user front end and is SWIFT Ready certified for Exceptions and Investigations.

Dion Global Solutions has a portfolio of cutting-edge solutions and services for global capital markets covering portfolio management, trading, settlement, risk management, analytics, treasury and research services, and services more than 660 clients in 62 countries. The proceeds from the investment under consideration will be utilised by Dion to further enhance its offerings and its geographic reach.

Dion Global Solution Share Price

2.25 0.00 (0.00%)
18-May-2020 18:01 View Price Chart
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