SuVikas

TM

Core Banking Solution for Cooperative Banks

For over a century now, co-operative banks have empowered millions of people in the country across a broad spectrum of socio-economic groups. As a technology provider, VSoft is truly proud to be associated with many co-operative banks in their endeavor to offer better services to larger sections of the population. Murthy Veeraghanta
Chairman and Managing Director, VSoft Technologies and recipient of Business Leadership award from Indian Economic Development and Research Association (IEDRA)

100 Years of Trust and Service Co-operative banks build customer relationships based on trust rather than merely process transactions. With a history dating back to 1904, co-operative banks exist to serve their members and depositors and produce better benefits and services for them. By increasing access to banking in areas where other banks have lesser footprint farmers in rural areas, middle or low income households in urban areas co-operative banks reduce banking exclusion and foster economic ability of millions of people. New Changes Today, co-operative banks are at the crossroads of a major transformation. To remain profitable in a highly competitive market place, co-operative banks have to adapt and innovate so they can build stronger relationships and process higher transaction volumes. While their traditional system of banking is the foundation of their existence, the changing times demand modernisation of their operations. Just as banks all over the world, co-operative banks in India too have to gear up to the challenges of modern banking. New Challenges Customers today are better informed and more technology savvy than ever before demanding faster and innovative services. They are likely to change loyalty for better services. With RBIs regulatory compliance expected to become stringent in the years to come, Indian cooperative banks need a new-age core banking solution for enterprise-wide automation to speed up processing time, reinforce financial management and strengthen regulatory reporting. New Requirements It is necessary for co-operative banks to devote adequate attention for maximizing their returns on every unit of resource through effective services. A core banking solution built on the latest technologies can revolutionise the day-to-day core operations of a bank. It can integrate all the varied and disparate legacy systems and self-contained services, and provide a solid, flexible, and scalable foundation on which other systems can be easily built and synchronized into a robust solution. VSoft A New Age Technology Company Reforms in the financial world depends primarily on the organisational effectiveness of financial institutions, including cooperative banks. Since our inception, we have been committed to helping our customers succeed. We scrupulously do our homework to understand what you do and help you do it more quickly and efficiently. We developed our core banking solution for co-operative banks with an aim to enable them to focus more on their core activities and less on information technology. High level of performance at an affordable cost is our promise to you.

SuVikasTM from VSoft

VSofts SuVikas is a comprehensive core banking solution for co-operative banks built on advanced web technologies. Its platform-independent and open-system architecture gives your bank the freedom to choose the hardware and software infrastructure of choice. It also enables smooth integration with your existing and future systems. It is a user-friendly, flexible and self-supporting application that permits easy performance and improves overall management efficiency.

Functional Highlights
Customizable to meet your needs: SuVikas offers a range of mainstream and custom-definable functional services that help bundle products with services. Single view of all customer relationships: SuVikass object-oriented design provides a single view of relationships between customers and the financial institution. Supports multiple delivery channels: Enables you to widen your reach with support for multiple delivery channels such as internet banking, telebanking, mobile banking, SMS, and ATM. Adequately parameterized: Gives you better control on specific operational components and enables instant customization. Simple user interface: Allows users to easily navigate through intuitive hyper linking and gain access to complete details of customers and accounts with minimum number of clicks. Highly secure: Role-based access control system ensures that only authorized users have access to specific modules.

Technical Highlights
Integration: SuVikass design is based on open system architecture; it can seamlessly integrate with third party and other systems. Operating System: Red Hat Enterprise Linux OS. Lower Total Cost of Ownership: SuVikas has been designed for a low TCO using the Linux platform and is architected to work with multiple databases which leads to substantial cost saving on the ownership and subsequent maintenance. Technology Used Web Server: TOMCAT, JBOSS Middleware: Java, J2EE Report Writing Tool: Jasper Database: PostgreSQL, Oracle Interfaces: ATM, RTGS/NEFT, mobile, CTS, file based clearing, ECS, Internet banking, information kiosks etc. Web-based System Advantages: Point-andclick interface; cross-platform compatibility; ease of deployment; multiple concurrent users. Multiple Database Support: Supports PostgrSQL and Oracle. SOA and IFX: SuVikas is based on SOA (Service oriented Architecture) and is compliant with IFX (Interactive Financial Exchange, a specification for open and interoperable online financial services marketplace).

Business Benefits
The business benefits from SuVikas can be viewed from three broad perspectives: flexibility, integration and value. These three fundamental aspects have far-reaching implications for your growth as a forwardlooking and future-ready co-operative bank.

Flexibility
Flexibility enables you to adapt quickly to external changes with the ability to scale your operations accordingly. SuVikass unified view of customer information helps you make truly customer-centric business decisions. Freedom to select the delivery model of your choice, based on your size, required features and budget, results in optimum resource allocation that satisfies the strategic mission of your institution. With customizable business rules you gain remarkable business agility to quickly launch new products or fine tune your existing products to suit changing market conditions.

Integration
SuVikas is built on advanced technology resulting in re-usable business services. This enables you to quickly respond to business changes and offers you wider integration capabilities with external systems on multiple platforms. Popular industry standard protocols enable the system to run on any environment that supports these standards. Hardware independence provides you the freedom of choice in hardware and software infrastructure that best fits your existing or desired environment. With reliable and highly secure data management systems built into SuVikas, risk and regulatory compliance is ensured, giving you complete peace of mind.

Value
The true value of SuVikas is the superior benefit-cost ratio it offers with higher return on investment (ROI) for lower total cost of ownership (TCO). The modular structure of the system and the reusable business services combined with multiple delivery models and hardware independence gives you comprehensive flexibility in terms of ownership costs. You get new life out of the capital investments you have already made in hardware as SuVikas works with many popular hardware systems. In addition, realtime transactional capabilities and ease-of-use offer you invaluable returns.

Freedom of Choice

Deployment Options
Deploy as an in-house solution or as an outsourced service.

Operating Environment
Your choice of database/application server hardware and operating system software.

Salient Modules in SuVikas

Savings Accounts
Option of defining minimum balance requirements (sweep-in/sweep-out), periodic interest payment, interest calculation on daily basis, debiting charges, facility to link debit/ATM cards, personalized cheque printing.

Current Accounts
Interest payment, use of debit cards, ATM cards, debiting charges, ability to link the account to Flexi Deposit products, personalized cheque printing.

Deposits
Fixed Deposits Provision to compute interest. Open a series of deposits at a time for a given customer. Pigmy Deposits Collection of deposits with handheld devices. Provision to upload data to the application. Recurring Deposits Provides interest payment so that small changes do not adversely affect the customer and also the benefit for early payment is not denied. Flexi Deposits Sweep-in and sweep-out facility based on the predefined limit available in both RD and FD formats.

Loans
Supports all types of loan products and related documentation-personal loan, housing Loan, consumer loan, automobile loans etc. Agricultural Loans A full-fledged agri loans module that supports all kinds of agricultural loans including crop loans and seasonal loans. Gold Loans Supports flexible product definition, limits, appraiser charges etc. Loan Products Can be structured to suit individual needs with moratorium, equated installments, and bullet repayment. Hierarchical structure for GL accounts can be maintained. Base rate can be defined for different loan products. Different interest rates can be applied to individual loan accounts based on risk perception. Interest rates linked to base rate.

Share Accounts
Supports multiple products, multiple categories of customers, verifies voting rights, dividend distribution and dividend warrant printing.

Bank Guarantee (BG)

Covers all types of Bank Guarantees with operations such as issue of new BG, BG Period and Amount Amendment, Cancellation, Payment Invocation, Claim Settlement.

Letter of Credit (LC)

Supports Inland as well as Foreign LC functionality in integration with multi currency operations, supports functionalities such as Import & Export LC in integration with Pre-shipment, Post-import Finance functionality.

NPA Management
NPA marking, NPA movement, NPA register.

Lockers
Define different sizes of lockers, locker allotment, locker availability status, auto deduction of rentals, locker access trail.

Case Management System

Entry and tracking of suit-filed cases under Section 138 and allied Reports.

Overdraft/Cash Credit Limit

Define, maintain and calculate overdrafts/cash credit limit for clients who require financing. Charge interest only for the amount overdrawn. Define and charge fee, if required.

Investments
Account details and other functions. Handles wide variety of investment portfolios for institutions/customers. Maintain mirror accounts of the depository in which the investments are held.

Remittances
Issue, cancel and realization of DD and Payorder. Supports AIMAS.

Tax Calculation
Compute service tax and create vouchers periodically. Interest paid without withholding tax returns. Complies with tax laws (26QA).

Clearing
Supports inward, outward and post dated cheque clearing.

Bills Collection
Inward and outward bills collection. Purchasing and discounting of bills.

Charges Module
Parameterized to suit event driven batch processing automatic processing, exception reporting etc.

Messaging & Alerts

Intra-bank broadcasting of messages and alerts across the bank, branches, or specific users for communicating to the staff about various communiqus and client-specific requirements.

Reports
SuVikas has a wide range of over 400 reports apart from all statutory and regulatory reports for various governing bodies like RBI, Income Tax , RoC etc. Annual Information Reports, Cash Transaction Reports (CTR), MIS and other Reports Reports for management, customers, regulators; registers, day books, notices. MIS reports; statutory reports, daily reports, ledger reports. Financial Reports; TDS reports, service tax reports, branch-wise reports. RBI Reports OSS Reports, NPA, Fortnightly and Monthly returns (Forms I, IX), Priority Sector, Computation of Capital Adequacy, Quarterly RBI Returns, ALM. Report Writer Apart from the wide range of readymade reports available in SuVikas, the application also has a Report Writer that can be used to create client-defined reports.

Printing
SuVikas supports all standard pass book printers, certificates-shares and deposits, letters - user-defined templates, personalized cheque book printing, dividend warrants etc.

Optional Features in SuVikas

Internet Banking This feature allows users to perform transactions, payments etc. over the Internet through the banks secure website. Customers can do their banking anytime, anywhere. Point of Sale / Touch Screen Kiosk Facility This feature allows POS / Kiosks to be integrated with the application so that the banks customers can access their accounts and conduct transactions. Cheque Truncation System This feature provides a solution for capturing images of cheques at the point of acceptance or the service branch, processing of captured data and images, and generating files for updating the banks core banking system and the power encoder. The system can process inward/outward clearing including high-value, intercity and returns of all clearing instruments. Mobile / SMS Banking and Alerts This feature provides user with the facility to avail information such as transaction message, balance inquiry, mini statement and cheque book request among others. ATM Card Management This feature provides users to manage the complete life cycle of card production. It offers services ranging from new card issuance, add-on card issuance, registration of cards, PIN mailers, replacement card issuance (for damaged or lost/stolen) and hot listing of card, unblocking of blocked cards among others. Utility Bill Payment Allows users to pay for a variety of utilities and services.

Functional Architecture
SuVikas is a functionally rich core banking solution for Indian co-operative banking sector with a robust set of integrated modules. Additionally, its open architecture allows ancillary systems to truly integrate into SuVikas to provide efficiencies at enterprise level.

Touch Screen Kiosk

Portable Terminals

Mobile Banking

Internet Banking

Delivery Channels

Fixed Asset Management Anti Money Laundering Loan Origination Payroll CRM ATM Document Imaging Cheque Imaging Financial Inclusion
Product Definition Account Opening Account Closure Account Maintenance

Deposits

Transactions

General Transactions Transfers Renewals Share Transaction Remittance Cashier Transactions Local Clearing Outstation clearing Cheque Post Dated Cheque Clearing File Based Clearing ECS Debit & Credit

Loans

Clearing

Lockers

Customer Information System

Passing

Transactions Batch Posting Interest and Dividend

Functional Components

Shares

Reports

MIS Reports On-Demand Reports Statutory Reports

Investment

Head Office Operations

Interface to External Systems

Branch Definition Branch Consolidation Inter-Bank Reconciliation Trial Balance GL Transactions

Risk and Compliance

Financial Management

Administration

Utilities

Report Writer

Integrated Modules

SuVikas is also available in SaaS Model

Software-as-a-Service (SaaS) is proving to be a promising model for cooperative banks in India. With significant increase in data transfer speed over broadband Internet combined with urgent needs like cutting costs, responding to market requirements with innovative products and efficient processes, the SaaS model is slowly but steadily establishing itself as a trend with far reaching impact in the Indian banking industry. Furthermore, RBIs high-level committee report for IT Vision 2011-2012, recommends adoption of new technologies such as cloud computing and virtualization. VSoft offers SuVikas in a hosted environment of our state-of-the-art data center (DC) connected seamlessly with Data Recovery Centre (DRC) sites. Without making a huge investment in infrastructure or needing maintenance cost, you can use all of SuVikass rich functionalities to run your day-to-day activities. VSoft has tied up with reputed partners like IBM, Tata Communications, Airtel and EMC2 for hardware, connectivity and storage solutions respectively.

The SaaS Advantage

With the SaaS model, your bank has the following benefits: Reduced cost. With no capital and operational expenditure, you only pay for your usage. Fast and easy scalability. Quick availability with minimal implementation time. Eliminates extra hardware and software costs. Separate database for each client. This helps each client to operate exclusively in their database only. Application hosted and administered from a single location, thereby reducing software issues at branches and HO. All patches/enhancements in applied at one single location and is accessible to all users. Meets current regulatory requirements. Secured our datacenters are equipped with the latest technology and firewalls to safeguard your data. The application can be accessed in a reliable, secure and convenient manner. Standard Software Application for Urban Cooperative Banks. Data Center & Disaster Recovery Centre connectivity set up by VSoft. Application and Database maintenance & support by VSoft. Guaranteed uptime for application and services. Standard SLA between the banks and VSoft.

Enabling IT as a Strategic Resource for enhancing Enterprise Knowledge improving Customer Service strengthening Governance increasing Overall Efficiency and ensuring Environment Friendly Systems IT Vision of Reserve of Bank India 2011-17

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India, Asia-Pacific, Middle East

www.vsoft.co.in VSoft Technologies Pvt. Ltd., Flagstone Towers, 36, Financial District, Nanakramguda, Gachibowli, Hyderabad - 500 032, INDIA Email: sales_india@vsoftcorp.com Sales and Marketing: Phone: +91 40 4477 5723 North: +91 9311071599 East: +91 9830120150 West: +91 9867721273 (Maharashtra and Goa) +91 9427375267 (Gujarat and Rajasthan) South: +91 9949352950 (Andhra Pradesh) +91 9867721273 (Karnataka) +91 8129498369 (Kerala) +91 9500046961 (Tamil Nadu)

Americas

www.vsoftcorp.com VSoft Corporation 6455 East Johns Crossing, Suite 450, Duluth, GA 30097 General Inquiries: Phone: 770 840 0097; Fax: 770 840 0727 Sales and Marketing: Phone: 770 255 7692

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