Core Banking Software for NBFCs
TrustBankCBS, with its extensive knowledge and experience in the consumer loan sector, understands the needs of the consumer loan market. We partner with NBFCs to deliver innovative and effective solutions for their customers.
The TrustBankCBS solution suite, featuring digital banking channels, self-service options, online loan application acquisition, and on-field agency banking, enables NBFCs to digitize their financial services. This results in faster, easier, and more cost-effective credit services for customers.
TrustBankCBS for NBFCs is specially designed to reduce turnaround time, enable quicker decisions, and lower operational costs. It integrates multi-office operations onto a single, unified platform, streamlining inter-branch collaboration and central monitoring. The system enhances processes including KYC compliance, credit rating checks, loan origination, disbursements, site visits, recovery, and repossession.
We also offer a Software as a Service (SaaS) solution on the cloud for NBFCs. TrustBankCBS SaaS is a ready-to-start solution with no capital expenditure (capex) costs and minimal recurring infrastructure costs. It ensures 99.99% uptime for both the data center and disaster recovery (DR) site, with no infrastructure maintenance required.
Solutions:
Some of the key solutions specially designed for the NBFC segment are provided below:
- Unique Customer Identification Code, Know Your Customer, C-KYC Solution, E-KYC Solution.
- Small Business Loans, Working Capital (Cash Credit) Loans.
- Consumer Finance Loans for electronic items, furniture, travel loans, etc.
- Loan Origination, Loan Application Acquisition, Credit Scoring, Processing & Document Management.
- Agency Banking for on-field operations & doorstep services for customer acquisitions, collections, disbursements, and overdrafts.
- Microfinance Loans for individuals and groups.
- Business Intelligence Solution with Management Cockpit for real-time monitoring.
- Centralized Settings & Operations such as Product Configuration, Charges Configuration, and Interest Activities.
- Mortgage Loans including Vehicle Loans, Gold Loans, and Home Loans.
- Personal Loans such as Education, Home Renovation, Wedding, Healthcare, etc.
- Loans Aging Classifications, Loan Loss Provisioning, Loan Repossession Workflow, Recovery Management.
- General Ledger, Financial Accounting, Investments, and Financial Statements for branches and the organization.
- Fixed Deposits.
- Enterprise Applications for GST Tax Compliance, HRMS & Payroll, Fixed Assets & Inventory Management, Reconciliation, Audit & Compliance, SMS & Email Gateway Integrations.
Key Features:
- Agile & Scalable Architecture.
- Agency Banking App for online, real-time field operations.
- Pre-configured Workflow with industry best practices.
- Light and Optimized Application with reduced bandwidth and infrastructure requirements.
- Reduced Connectivity Costs with mobile internet sufficient for field operations.
- Secured IPSec VPN and SSL VPN for secure connectivity with the data center.
- Vast Experience in NBFC software implementation.
- Graphical Analysis and Dashboards.
- Open Architecture with API-based access to third-party systems.
- Borrowings, Fund Management, and Investments Management.
- Embedded Reports Configurators and Ad-hoc Reports Builder.
- Continual Upgrades to the latest technology and trends in NBFC.
- Cloud-based SaaS Model with 99.99% uptime for the data center and DR site.
- Ongoing updates to comply with the ever-evolving statutory compliance reporting environment.
Value Delivered:
- Effective Control of field operations.
- Streamlined Software with minimal bandwidth and infrastructure needs, which lowers operational costs.
- Sound & Quick Decision-Making based on analytics.
- 360-degree View of branch and bank operations.
- Increased Revenues, Optimized Expenses, and Improved Profitability.
- Optimized Utilization of resources.
- Enhanced Customer Satisfaction & Retention with increased member engagement.
- Reduction in Operations & Support Costs in banking services.
- Prevention of Revenue Leakages and savings on unnecessary expenditures.
- Increased Efficiency and Higher Staff Motivation.
