Core Banking Solution is the process of providing a centralized on-line system where all the data related to transactions, customer data etc. are stored and are available to all networked branches for access. This centralized data repository enhances online transaction processing, enabling it to be it smoother and quicker. Core Banking solutions have made banking more efficient by cutting down time in data access and has made database maintenance easier.
By simplifying and industrializing the core banking operations, banks can enable more sustainable business model and gain three key aspects of high performance:
- Competitive differentiation
- Simplified products, processes and systems.
- Mastery of execution and delivery.
How AVGI will maximize your profit margin:
- Complete front and back office solution
- Easy for adapting to different Indian practices
- Web-based technology Open Source Operating System and Database
- Single view of all customer relationships
- Adequately parameterized
- Platform-independent, currently available for both
- Windows and Linux platforms
- Full suite of analysis and RBI reports
- Interface for ATM, RTGS/NEFT, mobile, CTS, file based clearing, ECS, Internet banking, information kiosks etc.