Core Banking Software for Micro Finance
TrustBankCBS provides an online and reliable platform tailored for Micro Finance Institutions (MFIs), enabling them to deliver unique microfinance products and services to their customers. MFIs frequently encounter the challenge of offering banking services to unprivileged and unbanked populations.
The TrustBankCBS Agency Banking solution is specifically tailored for MFIs, providing an effective system for field operations managed by field agents and credit officers. The Agency Banking mobile app supports on-field customer/group onboarding, KYC compliance, and field operations automation. The integrated TrustBankCBS system enables efficient approvals for field transactions and other banking operations within the MFI. TrustBankCBS consolidates MFI operations into a single, unified platform for all offices and centers.
We also offer a Software as a Service (SaaS) solution on the cloud for MFIs. TrustBankCBS SaaS solution is ready to deploy with no capital expenditure, and minimal recurring infrastructure costs, and ensures maximum uptime for both the data center and disaster recovery site, with no infrastructure maintenance required.
Specially designed for MFIs, the TrustBankCBS Micro Finance Solution is an ideal platform for various forms of microfinance, including:
Solutions:
- Member Registration and KYC Compliance
- Credit Bureau Ratings Check
- Individual Member Loans and Group Loans for Self Help Groups and Joint Liability Groups
- Field Meeting Workflow
- General Ledger, Financial Accounting, Investments, Financial Statements
- Browser-based Interfaces for In-office Operations
- Enterprise Applications of GST Tax Compliance, HRMS & Payroll, Fixed Assets & Inventory Management, Reconciliation, Audit & Compliance, SMS & Email Gateway Integrations
- Group Creation and Approvals
- Group Loan Applications and Origination
- User Management with two-factor authentication
- Field Transaction Workflow
- Small Savings, Caution Money Deposit, Security Deposit Products
- MFI Specific MIS and Statutory Compliance Reporting
- Centralized Settings & Operations
- Business Intelligence Solution with Management Cockpit for real-time operation monitoring and comparative analysis.
Key Features:
- Agile and scalable architecture, with an easy-to-use, user-friendly UI.
- Agency Banking App for online, real-time field operations.
- Real-time view of field operations at branches; Maker-Checker workflow, central approvals for field activities through Agency Banking.
- Minimized connectivity costs; mobile internet is sufficient for field operations.
- IPSec VPN and SSL VPN for branch and field agent connectivity with the data center.
- Extensive experience in microfinance software implementation.
- Cloud-based SaaS model with 99.99% uptime for the data center and DR site.
- Graphical analysis, dashboards.
- Open architecture; API-based access to third-party systems.
- Borrowings, fund management, and investments management.
- Lightweight and optimized application, with reduced bandwidth and infrastructure requirements.
- Embedded reports configurators, ad-hoc reports builder.
- Continuous upgrades to the latest technology and trends in NBFC.
- Pre-configured workflow; industry best practices.
- Continuous updates to comply with the evolving statutory compliance reporting environment.
Value Delivered:
- Effective control of field operations.
- 360-degree view of branch and bank operations.
- 360-degree view of customers.
- Optimized software with minimum bandwidth and infrastructure requirements; reduced recurring expenses.
- Increased revenues and profitability.
- Higher customer satisfaction and retention.
- Reduced operations and support costs in banking services.
- Optimized utilization of resources.
- Minimized revenue leakages and expenditure.
- Increased efficiency and staff motivation.
- Sound and quick decision-making based on analytics.