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Guide:
Prof. Vasudev Modi
Introduction
Finacle is a core banking software package developed by
Infosys.
In 2011, Finacle was set to enter the United States market via a
deal with Union Bank N.A. of California, reported at a
value of US $20 million.
Built on industry-standard platforms J2EE and .NET, Finacle is
platform independent, highly secure, and supports multiple
authentication methods.
Finacle provides banks , a proven platform for transformation at
minimal risk, within effective timelines that work for.
Objectives
To compete with other banks
To arrest the threat from high net worth customers
To attract new generation techno savvy customers
To improve payment and settlement system
To monitor in a better way and improving MIS and reporting
system.
To provide better customer service
Features of Finacle
Offers greater flexibility
Finacle Customers
The use of Finacle is spread across 81 countries globally,
including:
ALEXBANK
ANZ Bank
ICICI Bank
Bank Dhofar
DBS Bank
Emirates Bank
First Bank of Nigeria
Finacle 11 Enterprise
(Finacle 11E) which Infosys launched recently has opened
floodgate of opportunities in developed markets like North America
where it has not been as successful as it has been in other regions.
The solution empowers you to streamline processes, reduce
technology management costs and optimize operations to run your
business in the most cost-effective manner.
Finacle 11Es offers and catalog solution, a first of its kind in the
banking industry, empowers banks to engage and delight
customers across channels with retail industry like rich user
experience.
Accounts in Finacle
There are 2 types of accounts in Finacle
1. CUSTOMER ACCOUNT
2. OFFICE ACCOUNTS
Each account has to be opened under a Scheme Type and a
Scheme Code .
There are 9 scheme types for opening customer accounts
5 scheme types for office accounts
SCHEME TYPES
CUSTOMER ACCOUNTS
1.
2.
3.
4.
5.
6.
7.
8.
9.
SBA-Savings Deposits
CAA-Current Deposits
TDA-Term Deposits
ODA-Over draft
CCA-Cash Credit
LAA-Term Loan
PCA-Packing Credit
BIA-Inland Bills
FBA-Foreign Bills
OFFICE ACCOUNTS
DD by Cash
Interface in Finacle
Finacle provides three types of user interface
1. Character Mode No graphics
2. Web Mode HTML Based, Graphical, Java Applets,
Extensive use of Menu Options and Function keys
3. ONS (Online Services) Graphical Interface, Use of
Mouse extensively and less of usage of Function keys.
Technology-led transformation
Established in 1994, ICICI Bank is today the second largest bank
in India and among the top 150 in the world.
It currently has assets of over US$ 79 billion
a market capitalization of US$ 9 billion
services over 14 million customers through a network of about 950
branches
3300 ATM's and a 3200 seat call center (as of 2007).
Share of
Transactions
March 2000
Share of
Transactions
March 2004
Branches
94%
25%
ATM's
3%
43%
2%
21%
Call Centers
1%
11%
OBC has an asset size of Rs 33988 crore, and accounts for 2.2
per cent of deposits and 2.4 per cent of loans in the banking
sector.