Finacle Mobile Bank In A Box

Finacle Mobile Bank In A Box

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Banks, today, must fight for survival is a changed world. On the one hand is the greatly intensified competition for market share and leadership, and on the other is the compelling demand from consumers to ensure ubiquity of service access through channels like the mobile. Innovation through new channel adoption is non-negotiable. Nor can the imperative to reduce time-to-market for new product launch be ignored. However, complex and long drawn scoping, prolonged implementation and integration challenges with host systems deter banks from considering mobile banking transformation.

What banks need is a bespoke mobile banking solution that can be up and running with little hassle and minimal upfront investment in time, effort and resources. What banks certainly do not need is yet another solution promising accelerated implementation of a rigid system. Progressive bankers demand a solution built around their needs, flexible enough to evolve and grow to accommodate their vision and growth plans.

Finacle mobile bank-in-a-box is an innovative, easily deployable and improved mobile banking solution. It is:

Pre-configured - Having system and service parameters along with applicable values that correspond to the banks needs

Pre-packaged With essential products, services, application menu and external interfaces enabled through pluggable components

Pre-integrated - With interfaces to external systems made available out-of-the-box for rapid implementation and launch

Pre-certified Tested for quality of critical services, external interfaces, user experience of popular devices and compliance with regulations out-of-the-box

The solution supports multiple delivery modes including:

SMS/ text messaging

Browser-based mobile banking

Rich client-based banking

USSD messaging



Key Modules


Finacle mobile bank-in-a-box offers functionality including:

Account opening

Account balance and transaction inquiry

Mini statements

Cheque book and stop cheque facilities

Funds transfer to self, third-party and inter-bank

Branch and ATM locator

Bill presentment and payment

Mobile recharge and top-up

Peer to peer payments

Merchant and customer initiated payments and reversals

Loan, fixed deposit, demand draft and debit card requests

Push and pull alerts


Business Benefits


Hassle-free and Quick Time-to-Market

Finacle mobile bank-in-a-box enables financial institutions to extend their services through the mobile channel at an unmatched pace, expending minimal resources. Implementation of Finacle mobile bank-in-a-box can be reduced to as short a period as 30 days.

Judicious Investment

Finacle mobile bank-in-a-boxs modular design does not just minimize risks, but can help create significant savings in maintenance costs. This means, banks pay for what they need in the near term and not for features and functions they may require in the future. This means faster and more visible return on investment.

Minimal Risk of Transformation

Finacle bank-in-a-box framework can serve as a means to establish a proof point for a pilot technology investment, enabling banks to rapidly evaluate the efficacy of the mobile banking solution, before deploying it globally.


About the Author:
Finacle mobile banking solutions empowers retail and corporate banking customers with access to internet banking services through SMS and GPRS/WAP-enabled handsets, leveraging a single banking technology solutions.



Article Originally Published On: http://www.articlesnatch.com


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