Banking industry is facing new business models, channels, services and variety of products. Increase of competition and customer orientation paradigms in one-side and central bank policies from the other side makes the cumulative and flexible information systems mandatory for the banks.
Our Core banking system is designed, as a response to the banks needs in order to facilitate the banking operations and a robust tool to consolidate the banking competition.
Core Banking is an integration of banking products, services, administrator and supervision systems that are managed by the access of shared and centric databases.
Our Core Banking supports all banking processes according to the central bank and both Islamic banking and conventional banking standards and compliances through an integrated information network to the shared and centric databases.
Our Core Banking Functional Highlights Comprises:
Catering innovative products on Card and payment field is a fundamental approach to absorb customers for the banks. Card payment switch product provides full serves and supports Debit Cards, Credit Cards, and Gift Cards etc. through ATMs and POS terminals using Internet, Mobile, Phone or Kiosk infrastructure. This powerful product is being used in banks.
The National Interbank Switch Solution is an electronic banking clearance and automated payments system used national wide. The system can create a uniform backbone for the banks within the countries to handle ATM, POS and other card-based transactions.
It is all about standardization and normally the central banks are involved in the provisioning and all issued credit or debit cards by the banks must be accepted by this national switch. All the banks can also get connected to this switch and can perform different operations and financial transactions.
This treasury payment solution is used to unify and conduct the collection of all the governmental benefits and incomes in the form of electronic payments and is used throughout the country by the governmental owned organizations.
A subsidy is a form of financial or in kind support extended to an economic sector (or institution, business, or individual) generally with the aim of promoting economic and social policy. Although commonly extended from Government, the term subsidy can relate to any type of support – for example from NGOs or implicit subsidies. Subsidies come in various forms including: direct (cash grants, interest-free loans) and indirect (tax breaks, insurance, low-interest loans, depreciation write-offs, rent rebates).
The government protects and covers the target BPL (Below Poverty Line) families by this solution. The software solution helps the government to manage and operate this process and to transfer money directly into the bank accounts of people who are eligible for energy, water, fuel and basic food as well as benefits under other government welfare programs. This money can then be used to buy goods and services from the market at regular prices.
Our solution for low value payments (LVP) offers contactless payment that can installed quickly and easily with existing POS terminals. This solution can add demonstrable values for situations where speed and convenience are essential. The solution is easy to implement and is interoperable with other systems. In the future, POS terminal vendors are also expected to release new POS terminals with physically integrated contactless readers.
Nowadays Banking without the use of virtual world has no means of customer satisfaction ground. The fastest, the most accurate, the most convenient and the most accessible can’t be spelled in modern banking services unless the virtual world reveals its presence. Benefits are not only the customer satisfaction but also a considerable cut in operational costs.
The Virtual Banking Solutions is a collection of conventional banking services brought together to be accessed via internet, telephone and mobile phones, some to be mentioned are fund transfers, balance enquiries, current account services, bill payments and paying in instalments.
In creation of the solutions, cutting edge technologies have been deployed with a careful and overwhelming consideration. Service Oriented Architecture in a three tier model with JAVA technology are our chosen triangle of technical strength alongside with measures taken to secure financial transactions made by customers. The solution is not a designed fortress to prevent friendly systems from coming close to although security measures against attacks are highly taken into account , it has a very easy to connect nature in a way that any standard plug-ins like card payment systems or other banking systems could be connected to. Virtual Banking components are: