Monday, November 12, 2012

Why Finacle ?

Finacle in Brief :


Financial Package, for Banking Solution developed by Infosys on a platform of Oracle, hence it is called as 
FINACLE. Presently, many Indian Banks are having this software as banking solution and it is highly flexible.

Prior to 1995 it was known as BANC 2000, a Total Branch Automation package with a distributed 
network. After 1995 Infosys developed the same as FINACLE, a Core Banking Solution.

Finacle core banking solution is a comprehensive, integrated, yet modular and agile business solution, addressing all the core needs of banks, in easy-to-configure modules. Finacle provides all the building blocks of business functionality, enabling users to configure products and processes flexibly in order to adapt to a dynamic environment. With a 360-degree single source view into customer accounts, banks can empower customers with relevant information and delight them with the right offerings, presented at the right time through the right channel.

Finacle Features:
  • Finacle facilitates anywhere banking
  • Finacle is a Relational Database Management Software (RDBMS) of Oracle.
  • It involves C,C++ and Java programming language.
  • This software runs on UNIX Operating System (OS) as this is widely used platform across the CBS environment.
  • Finacle is accessed through Browser Based Universal Client i.e. Internet Explorer.
  • SQL & PL SQL uses for generating MIS or Reports or Queries at Centralized Level.
  • As this is menu driven software, it is very much easy for navigation.
  • Customization and parameterization are two special features of Finacle.
  • Finacle provides multi-lingual supportFinacle provides multi-level security i.e. operation, database 
        and application level security.

Why Finacle?
  • Customer driven thinking
  • Convenience Banking
  • Integrated Delivery Channel support through ATM /POS etc.
  • Functionally Rich and Flexible
  • High Level Security control and audit capabilities
  • Relationship Banking
  • Workflow
Key Modules
  • Enterprise customer information
  • Consumer finance
  • Customer analytics
  • Clari5
  • Wealth management
  • Islamic banking
  • Corporate banking
  • Trade finance
Finacle functional Architecture:
finacle commandsBusiness Benefits:
 Create differentiated products easily
Finacle core banking offers an unlimited palette of features to design and deploy products for different market segments. Its product bundling capabilities provide the latitude to create offerings with differentiated features. With Finacle, bankers can offer differential pricing, set up channel rules, and easily customize offerings across market segments.

Right-sell to customers effectively
The Enterprise Customer Information File and CRM capabilities in Finacle offer a unified view of the customer across the entire solution and across multiple back-end applications, letting users view the customer from a completely informed perspective. This information lets banks forge more meaningful relationships with customers and aggressively explore right-sell opportunities.

Adapt to change quickly
The SOA allows the bank’s IT team to make changes without touching the base code, ensuring minimal vendor dependency, lesser operational risk, and faster adaptability to changing business conditions.

Increase operational efficiency and productivity
Finacle core banking supports business event automation and process orchestration, eliminating manual tasks and reducing process time. The elimination of error and data redundancies results in increased branch productivity, and straight- through processing (STP), which, in turn, reduces turnaround and processing time, increases output, and speeds up response to customers.




4 comments:

  1. Do you have any documents related to setting up FI & connect 24???

    ReplyDelete
  2. Where can i get Finacle to download, so that i can learn at home?

    ReplyDelete
    Replies
    1. please call infosys ceo. he is distributing pirated copies.

      Delete

Posts Category wise :

      CBS Manual – Finacle Menus/ Commands for your ready reference

 

·         Huge Collection of 938 Finacle Menus

·         286 Selective Finacle Menu options

·         Category wise Commonly used Finacle Menus

·         Finacle Menu options/ Commands for Bank Auditors

·         Frequently used Function keys in Finacle

 

      Customer ID & Account Opening related Menu Options / Commands

 

·         Customer ID creation and Verification in Finacle by using CUMM menu

·         Customer ID creation in finacle in short by using CUMM menu

·         Changing Customer ID of a Customer

·         Account Opening (Savings/Current) in Finacle using menu option OAAC

·         Account opening in Finacle – in short

·         Frequently asked questions related to Customer ID  and Account Opening

 

      Demand Draft / Pay Order related Menu Options / Commands

 

·         Issuing a Demand Draft using Finacle Menu options TM

·         Issuing Multiple Demand Draft / PO using Finacle menu option TM

·         Printing Demand Draft / PO using menu option DDPRNT

·         Cancellation of Demand Draft  in Finacle using menu option DDC

·         Marking a Demand Draft Lost and issuing Duplicate DD

·         Inquiry and Reports finacle Menu related to Demand Draft

 

      Miscellaneous Finacle Menu Options / Commands

 

·         Standing Instruction Maintenance using Finacle Menu Options SIM.

·         Creating a Memo Pad in Finacle Part - I.

·         Creating a Memo Pad in Finacle Part - II.

·         Deleting Memo Pad in Finacle

·         Mass Transaction Posting in Finacle using Finacle Menu option TTUM.

·         Freezing & Unfreezing of accounts in finacle using Finacle Menu AFSM

·         Passbook Printing in Finacle

·         Finacle Teller Cash account Maintenance using Finacle Menu GECM

·         Finacle Menu option TM  for Transaction Posting and Maintenance