Banking Softwares Analysis

Topics: Bank, Customer service, Customer relationship management Pages: 4 (1208 words) Published: April 25, 2011
Types of Banking Softwares With the advent of technology every big bank makes customized software as per its own requirement. These world-class softwares are prepared by reputed software companies in India. These are called core-banking solutions. Details of some of the banking software are as under   Software developer | Product | Lead Customers | Infosys | Finacle | ICICI Bank  IDBI Bank | TCS | BANCS | SBI and Indian banks | I flex | Flex cube | HDFC bank | Finacle Features of  Finacle (i)                               Finacle core banking solution is designed on a completely web based paradigm. (ii)                           It is multi-lingual, multi-currency CRM-enabled core banking solution (iii)                       Based on open systems and is extensively parameterisable solution (iv)                       It supports 24x7 operations, (v)  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 (vi)  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. Functional overview Finacle core banking solution offers comprehensive retail, corporate and trade finance features- all in a highly secure and reliable environment. Retail banking Finacle core banking solution supports product management and account management for the full range of retail banking products such as Savings, Current/Checking, Overdraft, Revolving overdraft, Term Deposits and all types of retail Loans [Personal Loans, Auto Loans and Mortgages]. Corporate banking Provides comprehensive product management and account...
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