Banking is 1 the of import expanse inward BFSI (Banking, Financial Services together with Insurance) Domain.
In Baking nosotros produce got several concern operations that require unlike types of Software Applications,
Important Banking Software Applications are,
1) Core Banking System
2) ATM Banking
3) Internet Banking System (Online Banking)
4) Mobile Banking System
5) Forex Management
6) Treasury Management System (Treasury Management for Banks)
7) Asset Liability Management System
8) Financial Management System
Etc...
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1) Core Banking System
Core Banking System automates Banking branch concern operations, covers Retail together with Corporate Banking Services.
It provides Software solution for General Ledger, Accounts Management, Deposits, Loans, Advances, Bills, Clearing, Sundries (Normal-Accounting), Remittances, Safe-Deposit-Lockers, Safe-Custody-Items together with Transaction-Process Etc...
Important Functional Features:
• Master Data
• General Ledger
• Accounts Management
• Deposits
• Withdrawals
• Loans
• Transaction Process
• Advances
Etc...
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2) ATM Banking System
ATM (Automatic Teller Machine) Banking System is connected to a network, that offers basic banking functions to users (access to banking concern concern human relationship (balance, banking concern transfers) together with retrieval of coin etc..).
Important Functional Features:
• Balance Enquiry
• Money Withdrawals
• Bill Payments
Etc...
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3) Internet Banking System (Online Banking)
Internet Banking System integrates the diverse levels of interactions betwixt the banking concern together with its customers together with provides the customers of the banking concern amongst the necessary interface to avail banking services on Net.
Internet banking helps the client of a banking concern to access his concern human relationship from anywhere inward the world. It helps the banking concern to handles the client requests to a greater extent than efficiently together with effectively together with saves lot of fourth dimension for the client equally he tin larn the information without going to the bank.
Important Functional Features:
• Balance Enquiry
• Bill Payments
• Statement of Account
• Stop banking concern fit requests
• Cheque mass requests
• Reporting of loss of ATM cards
• Previous transaction report
• Cheque payment status
• Stop payment status
• Transfer of funds from 1 concern human relationship to another
• Information services
• Interest charge per unit of measurement for diverse deposit schemes together with loan schemes
• Product features of diverse banking concern products
• Branch listing etc.,
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4) Mobile Banking System
Mobile Banking System is a mobile banking solution. It allows transactions through WAP enabled mobile phones together with also using SMS.
It helps the client to access his concern human relationship from anywhere using the mobile phone. There is no remove to produce got a reckoner or an cyberspace connection. This volition facilitate access to the concern human relationship fifty-fifty when the client is traveling or when he is inward a place where required facilities are non available. The same transaction tin live on carried past times SMS. Wireless Application Protocol (WAP) applied scientific discipline allows secure, on-line access of spider web using mobile devices whereas inward the example of SMS (short messaging service) technology, at that spot is a fourth dimension lag inward communication.
Important Functional Features:
• Balance Enquiry
• Stop banking concern fit requests
• Cheque mass requests
• Reports loss of ATM card
• Previous transaction report
• Cheque payment status
• Transfer of funds Etc...
Forex Management System is used to automate the unusual telephone substitution (Forex) operations of banking concern branch (Category 'B' together with Category 'C').
It enables the banking concern to bargain amongst the complexities of the concern of unusual telephone substitution amongst ease.
Important Functional Features:
• Accepting unusual currency from customers/non-customers
• Accepting FC Traveller Cheques from customers/non-customers
• Managing remittances (inward together with outward unusual remittance)
• Maintaining accounts inward unusual currency (FCNR type accounts-mostly Term deposits)
• Import/export bills handling
• Packing Credit
• Import Letters of Credit
• Reserve Bank (RBI) returns (R returns) information generation
• Foreign currency cash balances
• Maintaining the stock of TCs, other safety items similar unusual DDs etc.,
• Correspondent DD payment; maintaining advices received together with limits for DD
• Foreign telephone substitution transactions suspense maintenance
• Forex rates maintenance (Daily carte du jour rates) together with Notional Rates
• Margin maintenance for bills
• Limits maintenance
• Foreign currency loans
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6) Treasury Management System (Treasury Management for Banks)
Treasury Management System provides an efficient Integrated Treasury Management System to a typical bank. This organisation is seamlessly integrated amongst Core Banking System. It tin live on deployed equally an independent equally good equally plus module amongst the existing system.
Important Functional Features:
• Handling all types of unusual currency telephone substitution deals such equally inter banking concern together with merchant i.e. bookings, realisations together with reversals
• Enables all types of unusual currency investments together with borrowings related to inter banking concern together with merchant
• Computes GAP wise holdings together with asset rates, keeping rail of currency wise / maturity wise limits together with positions, counter political party limits together with exposures
• Generates diverse online internal command statements together with compare them amongst limits
• Takes tending of all types of SLR together with NON SLR securities together with local coin deals
• Computes SLR safety holdings, Yield to Maturity (YTM) on all instruments together with manages counter political party limits together with exposures
• Maintains required registers together with statements
• Generates regulatory returns
• Enables the users to define diverse unusual telephone substitution products
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7) Asset Liability Management System
Asset Liability Management System is a run a hazard administration tool that helps a bank's administration produce got investment / disinvestment decisions, maintain the required statutory liquidity ratio (SLR), credit reserve ratio (CRR) together with other ratios equally per Reserve Bank of Republic of Republic of India (RBI) guidelines.
It generates the SLP / IRS / MAP / SIR reports together with supports run a hazard administration modules similar graphical analysis, information analysis together with involvement charge per unit of measurement simulation.
Important Functional Features:
• Add a novel user, modify or delete an existing user or lock / unlock users.
• Linking diverse categories amongst a grouping of users.
• Setting user-level permissions to access unlike options.
• Registration of the banking concern together with its branches into the ALM system.
• Extracting information from whatever branch, it is necessary to register the branch.
• Data processing later all the required parameters produce got been set.
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8) Financial Management System
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