What is Core Banking Solution (CBS)?
Today Banking as a company has evolved from a simple mechanism for accepting deposits and granting loans to an organization that offers a vast array of products and services under a broad umbrella. All of these tasks are referred to as Core Banking. Core banking is, by definition, a centralized system built by a bank that enables its clients to transact business regardless of the bank’s location.
Thus, it eliminates the obstacles associated with geo-specific transactions. In actuality, CORE stands for “Centralized Online Real-time Exchange,” thus the bank’s branches have access to applications from centralized data centers. In addition to retail banking clients, core banking is being expanded to meet the needs of corporate clients and offer a full banking service.
We have extensive expertise designing core banking systems as an Infosys partner. With a proven track record of 1000+ man-years in the banking and financial services domain and the most reliable partner (Infosys – 2016) and implementation partner of the year, we offer Core Banking Solutions (CBS) through a global delivery model, primarily in Asia-Pacific, Middle East, and Africa regions.
To date, we have completed over 15 CBS upgrades and more than 20 CBS deployments, thus we are well-versed in all aspects of CBS implementation, modification, upgrade, testing, and training.
What we offering?
CBS Implementation/Deployment is one of our core competencies. In order to meet the individual demands of banks, we adapt CBS apps to a great extent. Our ability to link with numerous sub-systems (both online and batch interfaces) and CBS assists banks in the integration of discrete banking activities. We provide a variety of CBS training to meet the demands of bank personnel in various areas. From testing, BPR, and application audit to functional expertise, we provide CBS Business & Technology Consulting Services (CBTC). Our post-deployment services include application maintenance, L1 and L2 support, version migration, and so on.. In addition, we have extensive experience with CBS architecture, Finacle schemas, Finacle installation, numerous Finacle tools, and Finacle services.
Services for Implementation:
- Training and Acceptance of Users & Simulation of Research
- Mapping and Moving of Data
- Go-Live and Post-Live assist the discovery and customization of Gaps in the system
The development of custom applications and interfaces
- Customization Methods and Equipment
- Delivery channels, third-party interface for customising the web interface
- The Batch Interface for Individualized Modification
After-Deployment Support
- L1 and L2 support are available via the CBS application Help Desk.
- CBS Handholding and Branch Rollout: Pre-migration operations, Data extraction and upload, Handholding help for branch migration
- Customization Corrections, Live and Post-Live Support for CBS Migration: Consistency Check
Training
We provide end-user retail banking training, advanced training programmes, including DBA training, and technical training to the Core IT team in order to build a strong CBS foundation. In addition, we provide bank auditors refresher courses in training.