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The banking industry is going through transformational change. Rising customer expectations and business costs, accompanied by fierce competition, threatened by profitability and pressured by creating more shareholder value. The major challenge for IT will be on balancing the demand for business growth while improving and streamlining operational performance. Banks once again will be expected to do more with less. Institutions that are able to accommodate these trends through technology and operations restructuring will have true competitive advantage.Zensar has partnered with leading multinational banks to help them transform their consumer, corporate and private banking businesses and achieve their goals effectively.
We offer a Core Banking Solution designed to cater to every processing requirement of your retail bank or financial institution. This solution offers - Maintenance of Customer Information Files (CIF)
- Financial accounting compliant with any accounting standards (including IAS, GAAP etc)
- Product designer for defining loans and deposits
- Management of LCs, Fund Transfers, Cheques, Treasury, Collaterals
- MIS & Statutory Reporting
- Easy integration with legacy back-office systems and other systems
- Support for multiple delivery channels
- E-business capability and ability to create virtual bank ground-ups
- SWIFT compliance with changing regulatory requirements, including Base II and Anti-Money Laundering
- Management of credit, operational and regulatory risks
- Decision analytics for improved credit underwriting
- Predictive analytic tools that drive more-targeted sales and marketing initiatives
- Optimization tools for improved pricing and packaging
The ability to create and launch new products rapidly
More flexibility to market demands
Improved customer service with higher cross-sell rates
Real-time processing and centralized maintenance
Reduced operating costs
Better information sharing
Efficient business intelligence, decision support and reporting facility
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