BankBiz — Core Banking Solution
BankBiz (CBS) offers full retail functionality, from the front end to the back office, cash management, and product lifecycle management. It delivers on time with the prevalent best practices in co-operative banks — a browser-based, web-based solution with an opportunity to meet present challenges and provide the best customer service.
Comprehensive Features — Private Cloud CBS Solutions
- Advanced service-oriented multi-tier architecture with latest technologies
- Reports can be generated at any stage of the Application Life Cycle
- Extremely cost-efficient with lightweight, user-friendly Web 2.0 interface
- RESTful API-based architecture with Command Query Separation
- Configurable Maker-Checker (Four Eyes Principle) and fine-grained access control
- Rapid product creation with multiple lending methodologies
- Custom chart of accounts with configurable workflows
- Role-Based Permissions with searchable Audit Trails
- Own account number and password generation policy
- Branch-to-Branch and Product-to-Product Account Transfer
- Role-wise Graphical Dashboard to view bank progress
- Dynamic Report Generation with GL-Based Accounting
- Define up to 5 levels of office hierarchy (Branch, Regional, Sub-Area, Area, Head Office)
- Empanelled with NAFCUB for implementing CBS in Co-operative Banks
CBS Modules as per RBI Guidelines
1. Customer Account Management
- Deposit Module: Saving Account, Current Account, Term Deposit, Recurring Deposit, Daily Deposit Scheme, and Centralized TDS Module
- Loan and Advances: Over Draft, Cash Credit, Term Loan, Demand Loan, and Group Loan
- NPA Management, Locker Management, Auto renewal of Term Deposit
- Cheque issued / stop payment, Transaction History, Interest Received / Paid / Provision
- Passbook and FD receipt printing
2. Transaction Management
- Cash Deposit / Withdrawal, Transfer, and Clearing
- Incoming / Outgoing Remittances and Cheques
- Bank's own transactions and Inter-Branch Transactions
3. Clearing
- Inward Clearing: Distributed and Centralized
- Outward Clearing: Distributed and Centralized
- CTS (Cheque Truncation System)
4. Inventory Management
- Centralized Inventory Management with split and merge functionality
- Inventory movement from one branch to another branch
5. Cashier Module
Complete teller operations with cash receipts, payments, denomination management, and vault management with teller-wise reporting.
6. Standing Instructions
- Automatic execution of standing instructions at configurable frequency
7. Configure Control & Configuration Management
- Products for Personal / Retail / Inter-Branch Banking
- Configure different charges and interest rates
- Create and manage users of the system
8. Customer Management
- Centralized Customer Management with Risk Category Management
- Aadhaar Card Mapping
9. User Management
- Centralized User Management with Role-Based Permissions
- User Transaction Authorization Limit
- Centralized Transfer and Deputation
- Two-Factor Authentication using OTP and email
10. Share Module
- Share Certificate issue, Dividend Calculation, and Dividend Posting
- Share payment, Share Certificate Printing, and Label (Sticker) Printing
11. Investment
- Fixed Deposit, Government Securities and Bonds, Call Money
12. HR Module
- Employee records and Payroll management
13. Social Security
- Scheme management: PMJJY, PMSBY & APY
14. PFMS Integration
Direct integration with the Public Financial Management System for seamless government fund management, reconciliation, and compliance reporting.
15. C-KYC
- Real-Time CKYC Search & Download
- Bulk Upload & Download using SFTP / Manual
Security Features
- User passwords are encrypted with password expiration and user disablement
- Unique session identifiers and secured session details storage
- Data stored and sent over network in encrypted form
- User can login only from a Registered IP Address
- Bank can run CBS on SSL (SSL certificate from a Certification Authority)
Network Structure Features
- Highly compatible with rural and limited-connectivity areas due to Dual Connectivity
- Secure Connectivity with IP-Sec Virtual Private Network
- Automatic Link switchover system for smooth connectivity
- Real-time monitoring of VPN Network System with Intrusion Prevention
- Dual-layer security for VPN Network; supports both wired and wireless media
- Dual, high-bandwidth lease line on fiber at Data Center
- Four-layer security system at Data Center and DR Site
- Separate servers for separate banks
RBI & Other Regulatory Reports
Fortnightly
- Daily Call & Notice Money Operation
Monthly
- Monetary Aggregates
- Form-1: Statement of Compliance with CRR/SLR (XBRL supported)
- Form-9: Asset and Liabilities as on last Friday of Month (XBRL supported)
- Form II: Statement of unsecured Loan and Advance to Directors
Quarterly
- Asset Liability Management (ALM) — Structural Liquidity & Interest Rate Sensitivity
- SOSS-1/2/3/4/5/6, OSS-7 (CRAR) — all XBRL supported
- Statement on NPA, large exposure, segment-wise advances & NDTL/NOF Ratio
- Form-IV: Statement of offices opened/closed during the quarter
Annual Reports
- Special Form IX — Asset and Liabilities as on 31st March (XBRL supported)
- OSS-8/SOSS-5: Statement on Bank Profile
- Loan and Advances to Priority Sector / Weaker Section (XBRL supported)
- Annual NPA Statement, Balance Sheet items, Annual Financial Review
DEAF Reports
- DEAF I, II, III, IV, V
- DEAF Form VIII: Statement of unclaimed inoperative accounts (as on December)
Other Reports
- Daily Position of Cash Reserve and Liquid Assets (Annexure-1)
- AML (CTR, 61A & STR) Report with Real-Time STR Alert
- Credit Information Report (CIBIL / Experian / CRIF / Equifax)
- Consolidated GLB, Profit & Loss, Revenue Statement, Balance Sheet
- Form 15G & 15H (as per new Income Tax Dept. Guidelines)
- Positive Payment System