Core Banking Solution
Strong at the core,
amazing at the Banking
Say hello to seamless banking and unrivalled efficiency.
Strong at the core,
Elevate your customer experience with our core banking solution
CASA and term deposit
Efficiently manage customer Current and Savings Accounts (CASA) and term deposits, ensuring interest accrual, withdrawals, and renewals. Offer competitive interest rates to attract and retain customers.
Loan and NPA management
These platforms provide centralized customer profiles enriched with essential details, transaction history, and up-to-date contact information. Banks benefit from a 360-degree view of customers, fostering personalized service and stronger relationships.
Cash management
Optimize cash flow for customers and the bank. Enable real-time balance inquiries, fund transfers, and overdraft facilities, enhancing financial control and liquidity management.
AML with CFT compliance
Combat financial crime and money laundering by integrating robust Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) compliance measures. Monitor transactions, flag suspicious activities, and file necessary reports.
Centralized clearing and settlement
Banks can leverage MobiFin to create and manage a diverse portfolio of financial products, from loans to credit cards and investment offerings. This flexibility empowers banks to adapt to evolving customer needs and market trends, fostering competitiveness and growth.
Features
HR payroll
Efficiently manage payroll processing, including salary disbursement, tax deductions, and compliance. Provide self-service portals for employees, ensuring accuracy, timeliness, and regulatory adherence.
Fixed asset management
Track and maintain corporate assets, including depreciation calculations, maintenance schedules, and disposal records. Streamline asset lifecycle management to optimize resource allocation and financial reporting.
Real-time balance sheet
Access up-to-the-minute financial statements, including balance sheets, income statements, and cash flow reports. Ensure accurate real-time financial insights for informed decision-making and compliance.
NPA management
Implement comprehensive Non-Performing Asset (NPA) management solutions. Identify, classify, and strategize the resolution of NPAs, minimizing credit risk and maximizing recovery efforts.
Trade finance management/treasury
Facilitate international trade with trade finance solutions, including letters of credit and export/import services. Optimize treasury operations with real-time fund management, risk hedging, and investment strategies.
More Features
Streamline banking to make it more
customer-centric
Risk
management
Monitor transactions, assess credit risk, support ALM, get detailed reporting, and enable stress testing for effective risk mitigation.
Regulatory compliance and localization
Adhere to evolving regulations, KYC, tax compliance, and data security, manage AML/CFT compliance and NPA swiftly, tailored to local requirements.
Multi-currency
support
Facilitate transactions in multiple currencies, simplifying international banking for customers and enabling global business operations.
Forex, treasury, and trade finance
Manage forex trading, treasury operations, and trade finance activities, optimizing liquidity management and financial services.
Centralized clearing and settlement
Streamline transaction processing by centralizing clearing and settlement operations, reducing errors, and enhancing efficiency.
Cloud
readiness
The platform offers the flexibility to be hosted in the cloud or on-premises. Banks have an option to align their infrastructure with their needs and preferences.
Frequently asked questions
Can your core banking solution (CBS) be customized to meet the specific needs of our institution?
Yes, our CBS is highly customizable to accommodate your specific needs. We offer a wide range of solutions and services with configurable parameters to seamlessly integrate with your existing systems and processes.
How does your CBS ensure a smooth and secure data migration process?
Our CBS offers a data migration process that prioritizes data integrity and security. We conduct thorough post-migration audits and cross-checks using predefined checksums to verify data accuracy.
What kind of third-party application and service integration capabilities does your solution offer?
We offer integration capabilities with various third-party systems, such as payment gateways, electronic payment systems, payment aggregators, SWIFT systems, open API technology, CRM tools, clearing system integrations, and accounting software.
What is your approach to data security and compliance?
We implement stringent security measures, including encryption, access controls, and regular security audits, to protect sensitive information. Our solution is also designed to prioritizes data security and compliance through:
- Regulatory compliance: Adherence to IFRS-9 standards, CISA and VAPT compliance
- Enhanced security: 4-eye principle for additional oversight.
- Data integrity: Automated end-of-day and beginning-of-day processes with over 50 checks.
- Strong authentication: 2-factor authentication (SMS OTP & Biometric FP).
- Secure access: Rich Internet Application (RIA) for a secure user experience.
How do you ensure the scalability of your core banking solution to accommodate future growth?
Our solution is built on a scalable architecture that can handle increasing transaction volumes and user base. Our versatile infrastructure and technology quickly adapt to your evolving business needs.
How can your CBS help mitigate foreign exchange risk?
Our CBS features an integrated foreign exchange system that helps you mitigate risks by offering:
- Real-time foreign exchange rates
- Foreign exchange hedging tools
- Multi-currency accounts
- Foreign exchange forecasting
What are the key functionalities of your CBS HQ module?
Our HQ module offers a range of functionalities including general ledger maintenance, user access management, NPA management, risk categorizing, bulk management, centralized EOM/EOY, e-circular management, document management, signature capturing, audit trail, configuration, and control.
How do you provide ongoing support and maintenance?
We offer comprehensive support services, including technical assistance, software updates, and in-built report builder for ad hoc queries. Additionally, our dedicated support team is available 24/7 to address any issues and provide timely resolution.
What are the key financial reports generated by your CBS that provide insights into the bank's financial health and regulatory compliance?
Our CBS generates several crucial financial reports like capital adequacy, liquidity statement, statement of deposit return, statement of financial position, and statement of comprehensive income that provide insights into the bank’s financial health, regulatory compliance, and risk management practices.
What cloud service models does your CBS support to provide flexibility and scalability to financial institutions?
Our CBS offers a range of cloud service models to cater to diverse needs. These include Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS).
