With limited access to funds and subtle differences in their field of operation, cooperative banks face a different set of challenges than commercial banks. They must meet regulatory requirements, evaluate outsourcing propositions, tap new markets, and grow in reach.
Traditional on-premise core banking solutions, which are typically built keeping the needs of commercial banks in mind and customised for cooperative banks, fail to meet the needs of these banks, as they leave some nuances in operation unaccounted for.
At NIIT Technologies, we understand the challenges faced by cooperative banks. NIIT Technologies’ banking solution, BankingEasy, is a highly secure, cloud-based application that has been developed keeping the specific needs of cooperative banks in mind.
BankingEasy gives cooperative banks the tools they need to enhance their core service offerings within the stipulated time and budget. It helps them save on time and cost, get better access to information across branches, and take better decisions. It enables them to become agile and proactive, and effectively manage the myriad challenges they may be facing.