Core Banking Software

SmartCBS - CBS for Cooperative Credit Societies and MAC Societies

SmartCBS is a web based Core Banking Software for Cooperative Credit Societies. CBS is network of branches, which enables customers to operate their accounts, and avail services from any branch of the Bank on CBS network, regardless of where he maintains his account. The customer is no more the customer of a Branch. He becomes the Bank’s Customer. Thus CBS is a step towards enhancing customer convenience through anywhere and anytime banking.

SmartCBS - Advantages:

  • Bring Cooperative banks and Cooperative Societies and MAC Societies at par with the technological platform of the Commercial Banks and match up with these institutions in providing similar kind of services in the hinterland of the country.
  • Transparency and regular reconciliation and balancing of books of account to arrest pilferage.
  • Once the Banks are on a technology platform they will be in a position to utilize technological
  • solution furthering the financial inclusion initiative in rural India
  • The customer of the Banks can avail facilities like Any Branch Banking, etransfer of funds to anywhere in the country
  • Technological solution is expected to release staff members so that there will be more follow-up with the customers and also help bring in new customers to the Banks thus improving the business portfolio
  • SmartCBS design is based on open systems, it can seamlessly integrate with third party systems.
  • Web based system advantages - cross platform compatibility, ease of deployment.
  • Simple user interface: Allows users to easily navigate from one screen to another through intuitive hyper linking. Users gain access to complete details of customers and accounts with a minimum number of clicks
  • Supports multiple delivery channels: Enables you to widen your reach with support for multiple delivery channels such as internet banking, telebanking, mobile banking, SMS, and ATM.
  • Highly secure: Role based access control system ensures that only authorized users have access to specific modules.
  • Lower total cost of ownership (TCO): SmartCBS is future proof and can be seamlessly integrated with other applications. With robust architecture and scalability, it ensures protection on your investments
  • Highly scalable to meet the bank growth needs

SmartCBS - High level Modules

  • Membership & Shares and Dividend
  • Savings
  • Fixed Deposits(FD)
  • Recurring Deposits(RD)
  • Daily Deposits - Agent Driven Savings deposits
  • Current Account
  • Lockers
  • Mortgage Loans
  • Deposit Loans - Loans on FD and RD
  • Gold Loans
  • Personal Loans
  • Vehicle loans
  • Education loans
  • Agriculture & farmer loan
  • Over Draft Loans
  • Accuracy and Accountability TaskList - maker and approver concept
  • User authentication and authorization capabilities
  • Single Window Branch support
  • Convenience Dashboards
  • Transactional SMS and Email alerts
  • Accounting module
  • New product developement using Schemes - supported for products like Savings, FD, RD, Lockers and Loans
  • Multi state and Multi Branch support
  • Reporting
  • Auditing
  • Cashier Desk and Cash Freeze
  • Recovery Module for Loans, Defaulters list
  • Mobile App for Recovery Agents
  • Mobile app for Members
  • Online Self Service Portal for Members
More info