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Finacle : Banking solution

Guide:
Prof. Vasudev Modi

Presented By:Arvind Vavadiya-11488


Payal Yoganandi-11490
Rashed Ahmed-11492

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

It is a customer centric software.


Supports Multiple Language
Provides Multiple Level Security (i.e. In operating system level,
Database level and application level)
Embedded with tools and utilities to make smoother day-to- day
transactions

Advantages for Banks


Uniform platform
Paperless banking
Extended banking hours for customer
Less Crowding at branch counters
Better monitoring and control
Updating of books & easy Reporting
system
Business development/new products

Advantages For Customers


Lower incidence of errors and quick updation
Faster payment system through rtgs /neft
Quick realization of cheques /DD under collection
Banking at home (e-banking)and mobile
ATM service
Cost effective and time saving

Finacle Customers
The use of Finacle is spread across 81 countries globally,
including:

ALEXBANK

Hatton National Bank

ANZ Bank

ICICI Bank

Arab National Bank

National Australia Group


Europe

Bank Dhofar
DBS Bank
Emirates Bank
First Bank of Nigeria

Post Bank Uganda Ltd


Raiffeissen bank
Socit Gnrale and Zurich
Financial Services.

Indian Banks using Finacle


Here is the list of some prominent Indian Banks use Finacle to
provide retail banking solution to their customers.

01. ICICI Bank


02. Axis Bank
03. IDBI Bank
04. Kotak Mahindra Bank
05. Federal Bank
06. ING Vysya Bank
07. Andhra Bank
08.UCOBank

09. Bank of Baroda


10. Union Bank of India
11. Dena Bank
12. Oriental Bank of Commerce
13. Punjab National Bank
14. United Bank of India
15. Bank of India

Universal Banking Solution of Finacle


Finacle universal banking solution arms you with a comprehensive
gamut of solutions that address your requirement like:
core,
CRM,
e-banking
Mobile
payments
digital commerce
loan origination
liquidity management
financial inclusion
Islamic banking
treasury
wealth management

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.

Use of Functions Keys in


Finacle:-

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

1. OAB-Office Account Basic


2. OAP-Office Account Pointing/
portioned
3. DDA-Demand Draft
4. HOC-Head Office
5. OSP-Office System Pointing

Logging Into Finacle

Finacle User Menu

Cash Payment in Finacle (TM)

DD by Cash

Issue of Cheque Book

Logging out from Finacle Session

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).

Finacle core banking


solution is a
comprehensive, integrated
yet modular business
solution that effectively
addresses the strategic and
day-to-day challenges
faced by banks.
It is highly parameterizable
providing that much-needed
flexibility to innovate and
adapt to a dynamic
environment.

The network follows a hub and spoke architecturea mix of


VSATs (Very small aperture terminal) , leased lines, ISDN and
radio links. It has around 800 leased lines, about 600 VSATs,
approximately 800 ISDN lines and multiple 34 Mbps lines
UNIX is the preferred OS for most of the hardware while most
of the databases use Oracle with a few on Sybase and MS SQL

ICICI Bank has grown immensely over a period of time with it


through business process re-engineering to a company of net
worth Rs 3,000 crore.

the bank has been able to successfully move over 70 percent of


routine banking transactions from the branch to the other delivery
channels, thus increasing overall efficiency
Channels

Share of
Transactions
March 2000

Share of
Transactions
March 2004

Branches

94%

25%

ATM's

3%

43%

Internet & Mobile

2%

21%

Call Centers

1%

11%

ICICI Bank is today recognized as a clear leader in the


region and has won numerous accolades worldwide for its
technology-driven initiatives.
The bank has effectively used technology as a strategic
differentiator, thus not only redefining the rules of banking in
India, but also showcasing how technology can help in
transforming a banks business.

Oriental Bank Of Commerce

Public sector banking giant, Oriental Bank of Commerce, (OBC)


has opted for a mega automation drive that will involve the
deployment of a core banking solution (CBS), branch networking
and an ATM expansion spree, amongst a host of other initiatives.
OBC is Indias eighth largest bank, with profits of Rs 686.07
corer in the last fiscal, and has roped in Wipro Technologies for
the implementation of Finacle, as well as for the necessary
hardware support.

In 2002, the bank had computerized 86% of its total business


and 77% of the total number of branches.

The CBS implementation for 21 branches has already been


completed, and more than 350 branches have been networked so
far.

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.