Everyone is always looking for ways to ensure that they are able to provide an unmatched experience to their customers, be it online or offline. And financial institutions aren’t behind in this, as they are constantly upgrading their systems and methodologies to provide the best services to their clients.
One such solution is the core banking solution, which is a web based solution to enhance not only customer experience but also customer management. Additionally, this solution also streamlines the existing business processes without hampering them. It also helps to integrate various different channels, consumer information and also management tools to be managed from a singular central database on the bank with its various branches acting as delivery points.
In the last decade, the banking technology has seen a drastic change, thus core banking solutions are the need of the hour so as to standardize various operations. Finacus, a core banking system provider, offers FinCORE which does exactly this and helps in the growth of banks by expanding its reach and enhancing its functionality while simultaneously reducing the operational costs.
The features of FinCORE which help offer a seamless service to your customers are as follows:
1. Functionality: The solution is very diverse in terms of the functionality of its products and allows the banks and financial institutions to constantly bring about innovations so as to fulfil all the customer demands.
2. End to end Solution: Being a comprehensive core banking solution, it assists the financial institutions in almost all the banking operations, and makes it scalable and adaptable to the increasing volume of transactions.
3. Flexibility: This core banking solution is also flexible in terms of integration with third party products for both retail as well as corporate banking/financial institutions.
Other advantages of this solution include removal of unnecessary intermediate processes, documentation of the work flow, cost and time saving while providing better processes, and also risk management with the help of regular checks and controls. So it can be said that the core banking solutions not only work in the benefit of the customers by providing them the ease of use, but also in favour of the financial institutions by providing them a medium to scale and grow themselves while ensuring that their regular processes aren’t affected.