Fincore

A fully browser-based and modular Core Banking System
geared to resolve the challenges faced by Banks on a day to day basis

FinCORE

Core Banking System

A complete web based solution with the opportunity to meet present challenges with reduced cost and enhanced customer management measures. The solution helps to streamline the current business processes with a supporting technology while Information Management and Risk Management is the key. An ideal Core banking scenario where products, processes, channels, customer information and management tools are integrated and administered through a central database of the bank with branches and channels as delivery points. This helps in achieving economies of scale by data integration for various purposes such as cross selling, CRM, Regulatory Reporting and internal MIS.

Exponentially growing and highly competitive Banking business demands -

  • Customer centricity
  • Customization/Personalization
  • Innovative products & services
  • Ease of Use through multiple delivery channels
  • Security checks
  • Regulatory compliance

All these features can add to the growth only if and when the bank can provide accessibility over wide geographies and through well-established intra-bank as well as interbank connectivity.

Finacus offers a complete web based solution with the opportunity to meet present challenges with reduced cost and enhanced customer management measures. The solution helps to streamline the current business processes with a supporting technology while Information Management and Risk Management is the key. An ideal Core banking scenario where products, processes, channels, customer information and management tools are integrated and administered through a central database of the bank with branches and channels as delivery points. This helps in achieving economies of scale by data integration for various purposes such as cross selling, CRM, Regulatory Reporting and internal MIS.

Modular Architecture

Features

  • Introduction of best suitable processes
  • Quality documentation of process flows
  • Remove redundant intermediate processe
  • Move to centralized processing
  • Cost and time savings from better processes
  • Better risk management by incorporating optimum checks and controls
  • Enable multiple new delivery channels like ATM, Mobile, Internet, USSD, etc.
  • Use business intelligence tools
  • Build & Retain customer relationships
  • Enable and modify products offering

Benefits

  • Introduction of best suitable processes
  • Quality documentation of process flows
  • Remove redundant intermediate processes
  • Move to centralized processing
  • Cost and time savings from better processes
  • Better risk management by incorporating optimum checks and controls
  • Enable multiple new delivery channels like ATM, Mobile, Internet, USSD, etc.
  • Use business intelligence tools
  • Build & Retain customer relationships
  • Enable and modify products offering

Finacus also extends the core banking system capabilities by providing interfaces to domestic financial systems like NACH, CIBIL, CTS, DBTL, etc.

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