CORE BANKING CONSULTING
Our Core Banking Solution Offering
You can avail of a range of core banking services, including design and development, deployment and optimization, upgrades, and support for any core banking systems and functional modules. We often work with legacy banking systems that banks are looking to upgrade or modify. The old systems cause excessive IT expenditures due to manual and inefficient processing, inefficient timing to market, lack of personalization, and lack of integrations.
Modern core banking applications can address these challenges. Ensure your core banking is replaced or updated by an industry-opted, standard solution that automates processing, provides adequate storage of data and analysis, enables top-quality customer assistance, and aids omnichannel delivery. Additionally, the latest core banking and financial services offer 360-degree customer views, regulatory compliance, and secure IT security measures.
We opt for Oracle FLEXCUBE Universal Banking Solutions that are designed to modernize Core Banking Systems and flag off the banks’ journey to being more agile, efficient and customer-centric.
Implementation
- Greenfield Implementation
- Data Migration Implementation
- Phase-wise Rollover
- Big Bang Implementation
Version Upgrade
- We come with deep knowledge across versions of FLEXCUBE and industry standard core banking systems.
Customization
- Using Extensibility Toolkit
Production Support
Run the Bank Services
Integration with external system
Infrastructure Services and Support – Production and Disaster Recovery
- Database
- Middleware
Stabilization
- Consistency Checker
- Performance Improvement
- Automatic End of Day
Reports
- Through OBIEE or Atumverse-Data
Training
- Bank Core Team
- Bank IT Team
- Bank/Branch Staff
Testing Services
Why Profinch Is The Most Fitting Choice For Core Banking Consulting?
- Use of accelerators during implementation
- ProCop – Repository of life cycle tested products
- Migration methodology and scripts
- Digitization through Atumverse-Digital
- End to end reconciliation – Static and Financial
- Add-ons built in-house – Scheduler, USSD, SMS, Email, Notifications
- Experience across 7.X – 14.X versions
- Reporting and Analytics through Atumverse-Data
- Repository of test cases and tested reports (Operational, Analytical, MIS and Regulatory)
- Cumulative experience of more than 400 projects
Frequently Asked Questions (FAQs)
What is a core banking system?
Any Core Banking System is a general ledger that manages the central banking functions. These include managing accounts, processing payments deposits, withdrawals, compliances, and more. Core banking solutions are integrated into other systems. They also function as the core databases through which data flows into other parts of the banking institution.
What are the benefits of Profinch's Core Banking Solutions & Consulting?
- Profinch follows of best suitable processes.
- We provide quality process flow documentation.
- We help you remove redundant intermediate processes that slow you down.
- We help you move to a more centralised processing system.
- You can save cost and time efficient systems.
- Get better at risk management through optimum checks.
- Open new new delivery channels like USSD, Internet, Mobile and more.
- With our Core Banking Solutions, you can build & Retain customer relationships.
What are the advantages of Core Banking Solutions?
The primary advantage of core banking tools and services revolve around efficiency and automation. The software reduces human error and operating costs, enhances decision-making, and aids in preventing fraud. Any banking expert can affirm that these products are essential for every bank.
