Core Banking Software for Offshore Banks
TrustBankCBS is a comprehensive core banking software platform designed specifically for offshore banks. It facilitates the expansion of business operations beyond the jurisdiction of the bank's physical establishments.
The platform provides a robust and scalable solution with features including multi-currency accounts, multi-currency financial accounting, and SWIFT integration. TrustBankCBS enables offshore banks to offer a range of services such as loans, deposit products, and wire transfers in various currencies, including U.S. Dollars, Swiss Francs, British Pounds, and Euros.
TrustBankCBS ensures complete statutory compliance with solutions for Anti-Money Laundering (AML), FATF blacklist, global terrorist list, and customer identification (Know-Your-Customer) details, including FATCA compliance information.
While offshore banks are known for the flexibility of "no tax on income," TrustBankCBS provides tailored solutions to meet the regulatory compliance requirements of tax authorities in different countries.
Additionally, TrustBankCBS supports digital banking interfaces with international payment networks like VISA and MasterCard. Self-service channels such as debit cards, mobile banking, and mobile passbooks offer real-time banking experiences to customers.
Solutions:
Offshore banks benefit from TrustBankCBS’s agile solutions and services, which are specifically designed for this segment. The solutions include:
- Deposits Management: Handles savings deposits, term deposits, and recurring deposits in multiple currencies.
- Multi-Currency Accounts and Transactions: Supports operations in multiple currencies.
- Retail Lending Management: Offers term loans with configurable product parameters, currencies, and documentation for various loan purposes, such as personal home financing, residential mortgages, and gold loans.
- Configurable Charges Engine: Allows for the setup and application of various charges on products and services.
- Digital Banking Services Channel: Facilitates a wide range of digital banking services.
- Self-Service Online Banking Channels: Includes mobile banking and internet banking.
- Corporate Lending Management: Provides business loans against commercial mortgages and real estate loans.
- Customer Relationship Management: Enhances customer engagement and management.
- Business Intelligence Solutions: Provides graphical analysis for real-time bank operations, projections, forecasting, staff and branch KRA monitoring, and trend analysis of historical data.
- General Ledger and Financial Accounting: Manages local and multi-currency financial operations.
- KYC Compliant Solutions: Includes anti-money laundering, FATF blacklist, global terrorist list, and customer identification details with FATCA-compliant information.
Key Features:
- Robust Architecture.
- Browser-based uniform interface across all solutions; easy-to-use, user-friendly UI.
- Light and optimized application with minimal bandwidth and infrastructure requirements.
- Pre-configured banking products and innovative solutions.
- Open architecture with API-based integration for third-party systems.
- Effective management of funds and investments.
- Graphical analysis and dashboards.
- Comprehensive digital banking, payment, and self-service channels.
- Embedded report configurators and ad-hoc report builder.
- Continual upgrades to the latest technology and banking trends.
- Regular updates to meet evolving statutory compliance reporting requirements.
- Quick implementation following industry best practices.
Value Delivered:
- Comprehensive view of customer interactions and relationships.
- Complete visibility into branch and bank operations.
- Informed and swift decision-making supported by analytics.
- Increased revenues, optimized expenses, and enhanced profitability.
- Enhanced member and customer satisfaction and retention.
- Reduced operational and support costs in banking services.
- Minimized revenue leakages and savings on unnecessary expenditures.
- Improved efficiency and staff motivation.
- Optimal resource utilization.
