FinCORE
Core Banking Solution
FinCORE is a complete web based core banking solution with the opportunity to meet present challenges with reduced cost and enhanced customer management measures. The core banking solution helps to streamline the current business processes with a supporting technology while Information Management and Risk Management is the key.
Everything starts with Core
An ideal Core banking solution is a solution 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.Banks and Banking Technology has undergone a complete metamorphosis over the last decade.
Hence, banks needed to adopt core banking solutions to standardize their operations. A core banking solution brings together all the features that will help the growth of a bank in the highly competitive business of banking. The core banking solution will help a bank, expand its reach, improve its functioning while reducing operational costs and provide a single interface to control banking activities.
How our FinCore - Core Banking solution helps 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.
Modular Architecture of the FinCore - Core Banking Solution
Features
- 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
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
Deployment models of FinCore – Core Banking solution
1. SAAS.
2. Licensed Model
Finacus also extends the core banking system capabilities by providing interfaces to domestic financial systems like NACH, CIBIL, CTS, DBTL, etc.
