Banc724 CBS (Core Banking Solution) is a complete centralized core banking solution designed & developed for mid-sized Banks in India. The n-tier architecture & design of the solution is based on futuristic, state-of-the-art technology. The multi-layer security provides complete protection to the database, transactions & application. This can automate each Banking operation regardless of size. This can be configured as a stand-alone system or an integrated Core Banking System and it is a complete Commercial Banking System comprising of Wholesale / Retail / Corporate / Back-office Banking Operations. MIS engine is built on core transaction modules which enable to capture comprehensive MIS information and deliver complete MIS for the Bank.
Core Modules
- Customer Information
- Retail Banking
- General Ledger
- Deposits
- Automated Clearing
- Loans and advances
- Management Information System
- Multiple Delivery Channels interface engine
- E- Banking
- SI, Fund Transfer
Key Highlights
- Customer-centric offering 'single view' irrespective of number of services utilized
- Centralized / Cluster / Distributed Deployments
- Modular Architecture allowing procurement of the required modules 'as and when' Bank transits in such segments
- Open compatibility to platform vs database
- Complex Security Management System with access features at multiple levels
- Superior Total Cost of Ownership (TCO) allowing the Bank to optimize on its technology investments with the business scalability
- Multilingual Capability to reach the market
Benefits
- Replace the legacy technologies seamlessly with the state-of-the-art n-tier application
- Streamline operations by integrating the enterprise to existing in-house application to offer 'single' customer-view
- Enable multiple electronic delivery channels (ATM, Mobile Banking, Tele-Banking, Point of Sale Terminals, Kiosks and Internet Banking)
- Move to centralized processing and handle higher volumes with a marginal increase in resources / infrastructure
- Build and retain customer relationships based on the strength of customer service capability
- Enable and modify product offerings quickly and efficiently based on customer's market needs
- Eliminates errors and data redundancies, increase of productivity/output of manpower
- Ability to introduce new competitive banking products and services within timeframe
