Core Banking Solution

core-banking

Core Banking Solution

Trimax offers Core Banking Solution encompassing products & solutions that span the entire space of customer’s business & technology requirements. Trimax brings this service through tie-up with partners offering best-in-breed solutions for Co-operative banks .The solution is Secured, Scalable, Reliable, Extensible and easily maintainable system.

Benefits

  • Meets unique banking requirements of Rural Banks

    Self Help Group (SHG) loans, Agricultural loans, Daily Deposit Schemes (PIGMY deposit), Kisan Credit Card, Public Provident Fund (PPF), Locker Management, Share & Investments module, Printing & Stationary module, Fixed Asset module, and other Banks Reconciliations possible.

  • Solution is future proof and is capable of interfacing with:

    Delivery channels like – ATM, Internet Banking, Mobile Banking, PDA Banking, POS, etc.

    RTGS & NEFT

    Anti Money Laundering Solution – InfrasoftTech’s OMNIEnterprise™ Anti Money Laundering Solution assists the bank in meeting the regulatory compliance requirements. This solution is seamlessly interfaced with the core banking solution.

  • Capability to function in offline mode:

    The solution’s data synchronization capability helps overcome the problems of inconsistency in power supply and network links and allows the branch to perform minimal banking transactions in offline mode. Connectivity related challenges can be overcome by using CDMA/GSM mobile technology, or even lower end dial-up circuits.

  • Built on deep understanding of rural bank’s work culture

    With our experience of working with rural banks, we understand that the work culture varies from one rural bank to other and from one branch to other branch within the bank. This experience has helped us gain insight on rural bank’s needs at ground level. These insights are incorporated as features in our solution.

  • Reports

    Rural bank-specific reports are already built into the solution. Hence, no time & efforts are invested in reinventing and customizing the reports.

  • Lower Total Cost of Ownership (TCO)

    The solution is robust & scalable and is designed to meet the requirements of rural banks, thereby increasing the operational efficiency and productivity with minimal training requirements and customization.

Value Proposition

  • Internet Banking Capability

  • Interface to RTGS/NEFT

  • Multi Currency GL & PL

  • Multi–company / Entity support

  • Multi–channel interfaces

  • Multi–calendar support

  • Multi Language Support

  • Local & Global Instruments

  • Global Accounting Standards

  • Multiple Time Zones (24 x 7)

  • Real-time transaction processing with comprehensive audit trail

  • Alerts and exceptions management

  • Multi–dimensional limits and exposures tracking- currency, country, counter-party etc

  • Interface with Industry standard reporting tools compliant to XBRL and MDDL, Document Management System, Scanning of Cheque / Photo / Signature and payment gateways & clearing networks such as DMS, SWIFT

Functional Features

  • Current Account & Saving Accounts

  • Cash Credit/Over Draft

  • Signature & Photo Scan

  • Time Deposits

  • Fixed / Recurring / Daily / Sweep Deposits

  • Monthly / Quarterly / Half Yearly – Interest Payout Deposits

  • Term Loans

  • Agriculture & farmer loan, PACS & KCC

  • Delinquent Account Management

  • Others(Reports & Advices & Statement)

  • Clearing

  • Inward/Outward Clearing

  • ECS Clearing

  • Treasury Operations

  • Inter Bank / Branch Reconciliation

  • Reports, Advices & Printing programs

  • Local Regulatory Reports

  • EChannel Integrator – ATM, Mobile, Tele Banking, Internet Banking, Kiosk

  • Additional Modules

  • Pay Order / Demand Draft (Issue / Payment)

  • Other Bank Demand Draft Issue

  • Inward / Outward Bills / BG / LC

  • Sundry Payables and Receivables

  • Lockers

Technical Features

  • Customizable user-friendly J2EE front-ends

  • Web-services enabled functionality

  • Content delivery in XML, custom formats

  • Extensible workflow engine