A small ppt on which softwares are used by banks India and their feartures

1. Nishant Tak
MTLS002

2.  Core banking is a banking services provided by a group of networked bank
branches where a customers may access their bank account and perform basic
transactions from any of the member branch offices.
 Normal core banking functions will include transaction accounts, loans, mortgages
and payments. Banks make these services available across multiple channels like
ATMs, Internet banking, and branches.

3.  The platform where communication technology and information technology are
merged to suit core needs of banking is known as core banking solutions.
 These technologies have cut down time, working simultaneously on different
issues and increasing efficiency.
 Computer software is developed to perform core operations of banking like
recording of transactions, passbook maintenance, interest calculations on loans
and deposits, customer records, balance of payments and withdrawal.

5.  Finacle core banking solution is designed on a completely web based paradigm.
 It is multi-lingual, multi-currency CRM-enabled core banking solution.
 Based on open systems and is extensively parameterisable solution.
 It supports 24x7 operations.
 It has multiple delivery channel support and the extensibility tool kit. Finacle is
fully multichannel alerts-enabled and facilitates bank or customer defined event-triggered
alerts to be delivered to the bank’s customers through their channel of
choice.
 In a recent scalability test audited by Ernst and Young, Finacle also emerged as
one of the world’s most scalable core banking solution by achieving an
unparalleled performance of over 11,180 TPS (transactions per second) translating
into 40 Million transactions per hour.

6.  Retail banking : supports product management and account management for the
full range of retail banking products.
 Corporate banking: Comprehensive product management and account
management for corporate banking products such as Commercial loans,
Syndications [Participation], Securitisation, Term Loans, Demand Loans,
Overdrafts, Non Performing Asset Management, Limit Management, Debt
consolidation through rephasements, Collateral Management, Interest rate
management and Loan Modelling.
 Trade finance: Finacle offers powerful trade finance features covering business
areas like Bills (Foreign & Inland), Documentary Credits/ Letters of Credit, Pre-shipment
Credits, Bank Guarantees, Forward Contracts and Foreign Remittances
among others.
 Common Modules: Standing Instructions, General Ledger, Signature display and
management, document tracking, limits and collateral management, delinquency
management and a whole range of day to day and year end reports. Finacle has
the capability of interfacing with various payment gateways, Anti Money
Laundering solutions, Regulatory reporting systems, Statement management and
distribution systems and consolidation packages.

7.  Its 24x7 availability feature ensures that the bank’s customers always stay in
touch with the bank.
 It can help banks eliminate non-productive processes.
 The unique extensibility tool kit allows banks to set and modify business rules
quickly and integrate with surround applications seamlessly, without touching the
source code which means that it can be handled by the bank’s own IT staff.
 The scalability of Finacle’s core banking solution ensures lower total cost of
ownership to the bank.

8.  BANCS automates every aspect of a bank’s operation–uniting front, middle and
back office processes in real time. The latest branch automation and Internet
banking solutions extend this functionality 24/7 to entire international branch
networks and customer-facing interfaces.
 BANCS has open architecture, which provides an unequalled level of integration,
flexibility and scalability across all platforms.
 It has a proven core retail banking system and state-of-the-art front end delivery
channels, with the added option of a full wholesale banking solution incorporating
Treasury, Trade Finance and International Payments.
 Other modules include Accounting (General Ledger) and Executive Information
System (EIS) components which leverage the completely integrated nature of the
core solution and its automatic data capture characteristics.
 BANCS has been designed in a modular fashion around a common base which is
both platform and database independent. This means financial institutions can
convert to BANCS and add increased functionality in manageable increments
without the hardware and systems limitations of typical legacy systems and many
contemporary offerings.

9.  Customer relationship management
 Modular, parameter-controlled.
 Scalable and high performance.
 System Independence.
 Ability to co-exist with other systems through APIs.
 Multilingual and multi-currency
BANCS Base is the core of the overall BANCS suite.

10.  Customer management facility
 Parameter maintenance
 Fees and charges
 Cash accounting
 Contingent accounts
 Remittance reconciliation
 Debt collection system
 Collateral management
 Limits and exposures
 Brokerage
 User messaging and diary system
 Correspondence
 Base report set

11.  Reducing operating costs significantly( One customer reduced costs by 50% after
implementing FLEXCUBE)
 Offering improved customer service with higher cross-sell rates With enriched
customer data collection, banks can cross-sell products to existing customers
easily.
 Achieving record time-to-market for new products i-flex enabled new product
creation in just two to three weeks from concept to launch.
 Easily integrating with existing systems FLEXCUBE can talk to satellite and
legacy systems using the latest XML-based interface protocols.
 Helping a bank comply quickly with changing regulatory requirements
FLEXCUBE supports regional regulatory needs (anti-money-laundering, Basel II,
SOX compliance).

12.  Driving product innovation (Some banks have been able to define 1,500+ products
on FLEXCUBE)
 Reducing costs (one customer reduced technology costs by 90 percent and
operational costs by 40 percent)
 Facilitating rapid time-to-market through quick and easy implementation.
 Ensuring rapid customer acquisition
 A large bank acquired 1.5 million new customers in just 11 months with a new
service offering made possible by FLEXCUBE.

13.  http://www.caclubindia.com/forum/types-of-banking-software-
93872.asp#.VAqr_1dc9TI