BankingEasy comes packed with powerful features that help cooperative banks conduct their business in a smooth and efficient way. Its user friendly interface and shortcuts ensure that users can become comfortable with the solution within a week to ten days.
NIIT Technologies also has thorough processes in place that guarantee the security of your financial data—both at the application level and the data center level. We are an ISO 27001 and PCI DSS certified company. We conduct screening and background checks of all staff members who have access to the data centers, and have entry barriers set up so that unauthorized persons cannot gain access. The application is equipped with Maker-Checkers, rules and rights, passwords and audit trails to ensure security at the application level. We also use secure communication channels. All this gives you a complete security package, so you don’t have to worry about the security of your financial data.
Here are some of the features of BankingEasy:
Cooperative retail banking functionality
Parameterized product/interest calculation
User-definable validations and charges
User-definable MIS code classifications
Secure through Maker-Checker Concept
Large compendium of ‘built in reports’
In-built general ledger support
Integrated Head Office Functionality of Shares, RBI Reports, Suit Filed
DCCB functionality for Crop Loans, MAS/AIMAS
NIIT Technologies’ BankingEasy solution helps you save on time and cost, and focus more on higher value tasks. Here’s a look at some of the benefits it offers:
Best-in-breed solution: The solution is designed using proven software and has a track record that speaks for itself.
Minimal cost of ownership: With BankingEasy, your CAPEX is negligible, and your OPEX comprises only an affordable fixed rental per month. You save on hardware and software costs, and no longer have to worry about data centers, backups or recovery. You also save on power and other utilities, salaries, rent, maintenance costs and upgrades of hardware and software.
Reduction in transaction costs: Straight-through processing drastically reduces the amount of time spent by staff on manual processng activities, while single customer IDs eliminate data duplicacy. BankingEasy also adds channels like SMS Banking, etc, for alternate customer touch points.
Reduced time-to-market for new products: The parameterised solution enables faster turnaround for changes/additions/alterations in customer offerings.
Speedier reporting facilities: With BankingEasy, you have a large compendium of reports (~1500) which are available to you at the press of a button. Additionally, if any regulatory authority asks for a new report, it is provided to you free of cost. We also offer a powerful report writer tool which allows you to create reports on the fly, within 30 minutes to an hour.
Reduced reconciliation overhead: With better information management, your reconciliation overheads are reduced.
Improved risk and asset management: BankingEasy has a strong MIS functionality and allows for extensive reporting, enabling effective risk management and improved monitoring of assets. We also have add-on risk management solutions that you can subscribe to for better management of operational risks.
Better organizational communication: Communication between branches is drastically improved, as information about all branches becomes available instantaneously everywhere.
Focus on core competencies and strategic objectives: With the reduced workload, you can focus on marketing and expansion opportunities instead of managing low value activities.