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Krati Dadheech & Gaurav Bhatia
Sardar Patel University of Police, Security & Criminal Justice, Jodhpur

 Core Banking is a banking services provided by a group of networked bank
branches where a customers may access their bank account and perform basic
transactions from any of the member branch offices.
 For the bank which implements CBS , the customer becomes the bank’s customer
instead of customer of particular branch.
 Execution of Core banking system across all branches helps to speed up most of
the common transactions of bank and customer.
 In Core banking , the all branches access banking applications from centralized
server which is hosted in secured datacenter.
 Quicker services at the bank counters for routine transactions like cash deposits,
withdrawal, passbooks, statement of accounts, demand drafts etc.

 The platform where communication technology and information technology are
merged to suit core needs of banking is known as Core Banking Solutions (CBS).
 These technologies have cut down time, working simultaneously on different issues
and increasing efficiency.
 Computer software is developed to perform core operations of banking like
recording of transactions, passbook maintenance, interest calculations on loans and
deposits, customer records, balance of payments and withdrawal.

 Finacle is a core banking product developed by Indian corporation Infosys that
provides universal banking functionality to banks, designed on a completely web
based paradigm.
 Finacle is used by banks across 84 countries that serve over 450 million customers.
 The latest version of Finacle being used in bank is Finacle 10.
 It is multi-lingual,multi-currency CRM enabled core banking solution.
 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.
 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.

 Finacle Core Banking Solution
 Finacle CRM Solution
 Finacle E-Banking Solution
 Finacle Mobile Banking Solution
 Finacle Rural Banking Solution
 Finacle Alerts Solution
 Finacle Payments Solution
 Finacle Liquidity Management Solution

 Its 24x7 availability feature ensures that the bank’s customers always stay in touch
with the bank.
 It can help banks eliminate non-productive processes.
 The unique extensibility tool kit allows banks to set and modify business rules
quickly and integrate with surround applications seamlessly, without touching the
source code which means that it can be handled by the bank’s own IT staff.
 The scalability of Finacle’s core banking solution ensures lower total cost of
ownership to the bank.

 BANCS automates every aspect of a bank’s operation–uniting front, middle and back
office processes in real time.
 The latest branch automation and Internet banking solutions extend this functionality
24/7 to entire international branch networks and customer-facing interfaces.
 BANCS has open architecture, which provides an unequalled level of integration,
flexibility and scalability across all platforms.
 Other modules include Accounting (General Ledger) and Executive Information System
(EIS) components which leverage the completely integrated nature of the core solution
and its automatic data capture characteristics.
 BANCS has been designed in a modular fashion around a common base which is both
platform and database independent. This means financial institutions can convert to
BANCS and add increased functionality in manageable increments without the hardware
and systems limitations of typical legacy systems and many contemporary offerings.

 Customer relationship management.
 Modular, parameter-controlled.
 Scalable and high performance.
 System Independence.
 Ability to co-exist with other systems through APIs.
 Multilingual and multi-currency.

 Customer Management Facility
 Parameter Maintenance
 Fees and Charges
 Cash Accounting
 Remittance Reconciliation

 FLEXCUBE Universal Banking is a real-time, online, wide approach to core banking
requirements around the world.
 It offers a bundle of Universal Banking Suites including :
I. Banking Platform
II. FLEXCUBE Core Banking
III. FLEXCUBE Universal Banking
IV. FLEXCUBE Investor Servicing
V. FLEXCUBE Private Banking
VI. FLEXCUBE Direct Banking- Internet, Mobile, SMS and WAP

 24/7 processing of large transaction volumes, with high availability.
 Multiple delivery channel support.
 Security management covering application and role-based access.
 Service-oriented architecture supports agile business process management.
 Componentized architecture helps build scalable and reusable solutions.
 Empower customers for self-service.
 Enable up-selling and cross-selling through intelligent dashboards.
 Drive higher fee Income with differentiated investment services.
 Monitor, manage and regulate processes, compliance and reporting.
 Deliver product.

 Driving product innovation.(Some banks have been able to define 1,500+ products
on FLEXCUBE)
 Reducing costs (one customer reduced technology costs by 90 percent and
operational costs by 40 percent)
 Facilitating rapid time-to-market through quick and easy implementation.
 Ensuring rapid customer acquisition
 A large bank acquired 1.5 million new customers in just 11 months with a new
service offering made possible by FLEXCUBE.

 http://www.caclubindia.com/forum/types-of-banking-software-
93872.asp#.VAqr_1dc9TI
 https://en.wikipedia.org/wiki/Finacle
 https://en.wikipedia.org/wiki/TCS_BaNCS
 https://en.wikipedia.org/wiki/Oracle_Financial_Services_Software
 http://www.oracle.com/us/products/applications/financial-
services/flexcube/index.html

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