Incremental Deployment and Upgradesīanks have the flexibility to pick and choose the system components. On top of the base product, the localization components are built to support regional requirements. It offers localized solutions to enable implementation in quick time. The three foundations of Finacle risk mitigated transformation approach are: Bank Model Referencesįinacle is packed with reference bank models for emerging and developed markets. It supports all strategies that include comprehensive digitalization, bank-in-a-bank, and digital-only bank, to make the deployment simpler and faster.
FINACLE UPGRADE
Finacle Deployment and Upgrade Solutionįinacle offers the flexibility to deploy in anyplace at any time. Multi-Country Operational Hubsīanks can deploy regional or international processing hubs for different capabilities to reduce duplicate effort across various locations. It is working with many clients to implement block-chain based networks for banks. With Blockchain technology, Finacle empowers banks to automate their inter-organization processes. Robotic Process Automation tools can coordinate with Finacle Automation Platform to cut down cross-application process execution time. It works with an array of AI-based platforms and applications. Robotic Process Automation powered with Artificial Intelligence It utilizes traditional levers including rule-based, API-driven processing and BPM-led process orchestration to automate a range of banking operations. With ubiquitous automation, Finacle helps banks to reduce operational costs. They need to balance the cost while customers’ expectation for better products, services and experiences. The challenging situation continues in the post-pandemic. How banks reduce operational costs with Finacle?ĭuring the pandemic, banks were under constant pressure to reduce operational costs. Modern SecurityĪpplication-level security capabilities include identity and access management, user role management, limits, and exception management. Multi-entity, multi-currency, multilingual, multi-time zone capabilities to support multinational operations. ExtensibilityĮxtends the platform using a set of GUI based tools without changing the base product source code. Proven availability and performance in both simulated and live client environments. Processes and posts transactions in real-time on own and third-party channels of origination. It offers complete stack of open source technologies such as JBOSS app server, RHEL, JBPM, Drools, and Enterprise DB. It runs on a number of technology platforms such as IBM, Oracle, Intel, HP, Unix, Linux and mainframe. Production, development and testing across private, hybrid and public cloud. Open APIsĮxtended RESTful API for co-innovation with the external ecosystem. Optimal Mix of ComponentizationĬomponentized structure and API based integration of components. Finacle supports to embrace digital-driven growth with its ultra-modern digital platform. The rapid pace in technology adoption is transforming banks. Third-party products configurationįlexibility for banks to set up rule-based third-party products Products bundles configurationīundle variety of products and services to enable right-sell Ultra-Modern Digital Platform Templates-driven to create new products, modify existing ones, and rapid deployment of new products. More Power to customersĬustomer-led design and customized products and services on digital channels. Product Factoryġ000+ parameters and reusable business rules to configure banking products and services. It can be leveraged by various types of banks including micro-finance institutions, private & public sector banks, co-operative banks, fintech companies and non-banking providers.
FINACLE SOFTWARE
Finacle software supports banks to take new banking products to market in quick time. Today’s banking customers consume innovation and personalized products as well as services. It is the platform of choice for well-established financial institutions, financial technology organizations (Fintech), digital-only banks, and, non-financial companies. Finacle is widely used by banks across 100 countries, serves over 1.05 billion customers and 1.3 billion accounts. The software product, written in Java, C/C++, was released in the year 1999 (Stable version released in 2000). Finacle Deployment and Upgrade Solutionįinacle is a Core Banking Solution that enables banks with digital banking functionalities.Robotic Process Automation powered with Artificial Intelligence.How banks reduce operational costs with Finacle?.