Islamic Finance
Product Profile
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Product/Service Description
Finacle is the industry-leading universal banking solution from EdgeVerve Systems. The solution helps financial institutions develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world.Over the past 25 years, the solution has been helping financial institutions develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. Today, Finacle is the choice of banks across 94 countries and serves over 848 million customers – estimated to be nearly 16.5 percent of the world’s adult banked population.Finacle solutions address the core banking, e-banking, mobile banking, CRM, payments, treasury, origination, liquidity management, Islamic banking, wealth management, and analytics needs of financial institutions worldwide. Assessment of the top 1000 world banks reveals that banks powered by Finacle enjoy 50 percent higher returns on assets, 30 percent higher returns on capital, and 8.1 percent points lesser costs to income than others.
Customer Overview
Total Number of customers 431 live core banking customers globally
Customer Size undisclosed
Customer Type undisclosed
Target Market undisclosed
Specific georgaphical coverage undisclosed
N/A
Demo & Case Study Urls N/A
Features
- A comprehensive, integrated yet modular agile business solution
- Addresses all the core needs of the bank, in easy-to-configure modules
- Multi entity capabilities to support multiple legal entities, across various geographies, currencies and time zones on a single instance of application
- Easy to configure modules and components
Benefits
- Comprehensive coverage so that you can enter into new business segments confidently
- Proven technology, which is consistently rated as best-in-class by leading industry analysts
- Enterprise-class components to create operational hubs across business units to enhance the agility and efficiency of the operations as well as improve customer experience across channels
- Built-in global best practices repository and rich repository of processes
- Product factory and product bundling infrastructure for business users to accelerate new product creation
- 360-degree view of customers across global relationships
- Powerful customer analytics driving right-sell opportunities and personalized offerings
- Cloud-ready platform to enhance infrastructure costs
- Reduced time to compliance with real-time view across enterprise data
- Ready-made integration adaptors and compliance to industry standards reduce your integration costs and enable enhanced STP (straight-through processing)
Platform & Workflow
Server OS undisclosed
Workstation OS undisclosed
Programming Language and API JEE, C/C++
SetUp and Installation Options Installation through Finacle Deployment Manager
Deployment Period undisclosed
Reporting Capabilities Yes, reporting capabilities is inbuilt through JASPER infrastucture
Security Options Finacle provides Single Sign On module uding JAAS. Multi Factor authenciation/ external authentication can be integrated through third party. The solution provides a comprehensive security module for user and role profile administration.
The product/service compliant with the following regulatory standards undisclosed
Connectivity, Hosting and Intergration
Hosting Option undisclosed
Hosting provider undisclosed
Devices Supported undisclosed
Compatibility with Database Management System (DBMS) RDBMS - Oracle and an alternate database
Third party integration undisclosed
Support Services
Support Option undisclosed
Branches
Support Location 1
Country United Kingdom
Address 14th Floor, 10 Upper Bank Street, Canary Wharf
Phone London E14 5NP
Email contact@edgeverve.com
Website www.edgeverve.com
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Product/Service Description
TCS BaNCS, from Tata Consultancy Services, is a globally acclaimed software brand that enables transformation in financial services through a superior and holistic suite of solutions for banks, capital market firms, insurance companies, and other diversified financial institutions.
Each solution in the TCS BaNCS family has been designed to fully integrate with existing business models, enterprise infrastructures and technology architectures. Adopted as a platform of choice by financial institutions around the world of all sizes, TCS BaNCS addresses critical industry needs and enables business transformation by providing customers with scalable, customizable, market-ready solutions.
Built on open architecture, this component-based product suite leverages service-oriented and event-driven architectures. Based on TCS’ in-depth market understanding through numerous interactions with more than 280 customers across 80 countries, this product suite offers one of the broadest end-to-end functionalities for financial services
Customer Overview
Total Number of customers 400+
Customer Size undisclosed
Customer Type undisclosed
Target Market undisclosed
Specific georgaphical coverage undisclosed
undisclosed
Demo & Case Study Urls http://www.tcs.com/offerings/bancs/resources/pages...
Features
- The TCS BaNCS platform for Banking encompasses an array of pre-configured, customizable banking products such as Universal Banking, Core Banking, Payments, Risk Management & Compliance, Financial Inclusion, Islamic Banking, Treasury, Wealth Management, Pr
Benefits
- Flexible configuration features.
- SOA-enabled infrastructure.
- Centralized Customer Information Facility and Risk Management.
- Cross channel communication within Branch,
- ATM/Kiosk
- IVRS/Contact Centre
Platform & Workflow
Server OS undisclosed
Workstation OS undisclosed
Programming Language and API AVA]]
SetUp and Installation Options undisclosed
Deployment Period Within months
Reporting Capabilities Watch-list scanning. KYC / customer due diligence. Intuitive customer monitoring. Configuration of business monitors (rules) and administrative roles. Transaction monitoring. Alert generation. Alert investigation. Regulatory and ad-hoc report generation.
Security Options Advanced
The product/service compliant with the following regulatory standards undisclosed
Connectivity, Hosting and Intergration
Hosting Option undisclosed
Hosting provider Savvis
Devices Supported undisclosed
Compatibility with Database Management System (DBMS) Oracle, Informix, DB2
Third party integration undisclosed
Support Services
Support Option undisclosed
Standard and personalized support models for overall technology efficiency and benchmark maintenance. TCS Support Centers provide training programs for business users and application support professionals worldwide.
TCS also provides an Elearning facility to its customers.
Branches
Support Location 1
Country India
Address Tata Consultancy Services, Unit 6, No. 78, 79 & 83 Whitefield, Bangalore - 560066, Karnataka
Phone +91 80 6725 3000
Email tcs.bancs@tcs.com
Support Location 2
Country USA
Address Tata Consultancy Services, 1 World Financial Center, 21st Floor, New York, NY 10281
Phone +1 212 313 6800
Email tcs.bancs@tcs.com
