Digital Banking & Interfaces

Technology Innovations for a Complete Digital Services Experience

To meet BFSI demands, TrustBankCBS continuously upgrades its solution stack, enabling institutions to deliver a comprehensive digital services experience to their customers. In addition to various digital banking channels, TrustBankCBS helps banks achieve higher customer satisfaction, comply with government digital banking initiatives, and increase business per staff through advanced technology.

The continually evolving digital banking interfaces include:

  •         EFT Switch Interfaces

  •         Digital Banking Services Interfaces

  •         Government of India (GOI) Schemes Interfaces

  •         Interfaces with ATMs, recyclers, and kiosks


EFT Switch Interfaces

TrustBankCBS provides interfaces to a variety of service providers within the payments and switching networks of respective nations. The integrated switching purposes include:

  • ATM, POS, and E-commerce switch interfaces with providers such as VISA, MasterCard, RuPay (India), Interswitch (Africa), and other national switches
  • Integration with mobile money platforms and mobile wallets
  • Mobile banking switches like IMPS in India and other national mobile banking switches
  • UPI and BHIM App integration (India)
  • AEPS (Aadhaar Enabled Payment System) for biometric-enabled, card-less transactions in India
  • Bharat Bill Payment System (BBPS) for utility payments in India and similar utility payment switch platforms in other countries

Other Digital Banking Services Interfaces

TrustBankCBS is integrated with a range of digital banking interfaces that enable BFSI branches to offer comprehensive digital banking services for payments and remittances. These include:

  • RTGS / NEFT (Host to Host)
  • SWIFT Integration for international remittances
  • Electronic Clearing System with Mandate Management System
  • Public Finance Management System (PFMS)
  • Cheque Truncation System (CTS)
  • National Automated Clearing House (NACH)
  • Chatbots

Government of India (GOI) Schemes Interfaces

TrustBankCBS provides interfaces to various digital banking and payment channels to support the transfer of subsidies and financial assistance to beneficiaries of government schemes. These include:

  • Aadhaar Payment Bridge System (APBS)
  • Direct Benefit Transfer (DBTL)
  • Kisan Credit Cards (KCC)
  • PMJJBY, PMSBY, APY

TrustBankCBS enables BFSI institutions to innovate and implement the latest technology for digital transformation in banking services. Key features that facilitate this transformation include:

  • Extensive experience in developing adapters for various digital banking platforms
  • Interfaces developed using global standards, including ISO 8583 messaging protocols
  • Established interfaces with most global, regional, and national payment and digital banking platforms
  • Provision of all interfaces on the uniform TrustBankCBS platform, offering a single point of service for BFSI
  • Reconciliation capabilities for transactions across multiple digital banking channels
  • Separate trace logs and reporting for transactions performed through various delivery channels

TrustBankCBS has facilitated digital transformation for banks, providing several key benefits:

  • Real-time online banking services available
  • Support for branchless banking, leading to a higher business mix per employee
  • Reduced operational and support costs
  • Enhanced customer satisfaction and retention
  • Introduction of innovative, technology-enabled digital channels to the BFSI services portfolio
  • Compliance with digital banking regulations as mandated by statutory bodies and federal banks
  • Improved brand value, greater business opportunities, and higher profitability

Insights

Statutory Compliance

Statutory Compliance

Focuses on the compliance department as the bank's internal oversight unit, ensuring adherence to applicable laws, regulations, and rules.

Nidhi Company

Nidhi Company

TrustBankCBS enhances BFSI's conventional banking products and services by adding various Nidhi company products.

Kashipur Urban Bank

Kashipur Urban Bank

Kashipur Urban Coop. Bank Ltd. (in Uttarakhand, India) implements TrustBankCBS Core Banking Solution with agency banking and AML solutions to enhance customer acquisition.