Core Banking Services

& Solutions

Technoligent – Expert's Solutions

What is Core Banking?

Banking Services and Solutions

We have vision to be one of the leaders in providing banking and money remittance services to the citizens of the country with a focus on the rural population.

This vision translates into the following strategy: Be the first choice in savings bank deposits schemes

with innovative customer-centric services Provide access to diverse financial services products

thereby becoming the engine of economic and social growth

Increase operational efficiency through the induction of state of art technology.

What is Core Banking?

CBS is networking of branches, which enables customers to operate their accounts, and avail banking services from any post office on CBS network, regardless of where they maintain their account.

The customer is no more the customer of a particular post office.

Thus, CBS is a step towards enhancing customer convenience through “Anywhere and Anytime Banking”

Banking Services and Solutions

Information & Communication

RuralSolution

Web Portal(eCommerce)

MobileBanking

ATMs

Mail &Retail

Operations

PostalBanking Solution

HRMS &Payroll

Finance &Accounts

Business Intelligence / IT Security

Setting Up IT Infrastructure – Data Center / Connectivity

Banking Services and Solutions

Need of Core Banking

Improve operational efficiency - reduce cost of operations :

Core Banking will provide various alternative delivery service channels, which reduce cost and time taken for the transactions.

The centralised process of core banking will also improve efficiency by avoiding duplication of work in post offices from Branch Office (BO) to Head Office (HO).

Banking Services and Solutions

Need of Core Banking

Customers would be able to operate their accounts, & avail banking services and solutions from any office on CBS network, regardless of where they maintain their account.

Improve customer service :

Core Banking will improve customer services by providing services through alternate channels on 24 x 7 basis – ATM, Internet, Phone, SMS and Mobile Banking.

Banking Services and Solutions

Need of Core Banking

Comply with Anti Money Laundering (AML) / Know Your Customer (KYC) requirements :

It is easy to comply with anti–money laundering norms through core banking.

The AML norms require the post office to detect when a customer has opened multiple accounts.

Moreover, compliance with KYC norms is required to issue debit cards to the customers.

Banking Services and Solutions

Need of Core Banking

Comply with Anti Money Laundering (AML) / Know Your Customer (KYC) requirements :

Banking Services and Solutions

Need of Core Banking

Integrate with electronic payment systems :

Integration with electronic payment systems will allow Department of Post to participate in an inter-operable electronic payment network run by the National Payments Corporation of India.

This will help in quick and safe transfer of funds through National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS)

Banking Services and Solutions

NEFT & RTGS

Banking Services and Solutions

Benefits of Core Banking

Anytime and Anywhere banking (online mediums/SMS) Standardised, simple and automated processes Increase in quality of the service provided to the

customers Timely and accurate information for management

decision making Strong audit and internal controls Bring down the cost of transaction and thereby

improving operational efficiency Paving way for new value added services thereby

generating additional revenue for the department

Banking Services and Solutions

Internet Banking

Internet Banking gives you secure online access to a range of banking features. Register your account for Internet Banking - getting started online is easy.

With Internet Banking you can keep track of your finances in a safe and secure environment, 24 hours a day, 7 days a week.

We’re always looking for ways to help you manage your money better.

Banking Services and Solutions

Application Services

SMS security If forgets password, then password reset/recover facility Get smart statement for transactions Easily transfer funds to local area and overseas Secure your personal and privacy information Anytime access your account from anywhere in the

world Manage your money in your own way

Banking Services and Solutions

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Banking Services and Solutions