After a detailed evaluation & working closely with our bank domain experts, we found that co-operative banks face various challenges while competing with private banks. Due to unaffordable centralized core-banking solution, co-operative banks still run their operations in a distributed manner. This results into – delayed customer service, low productivity, less control over branch transactions, failure or complications to report timely to RBI & low profitability. Tapping this very need & being on the heights of success in the fields of centralized software for online lottery system, we are coming up with the Bank Expert product for the smaller or midsize co-operative banks. It consists of applications for retail & wholesale banking in a centralized control.
Retail Banking - Deposits, Saving & Current Accounts, Lending & mortgage, Teller operations, remittance, etc.
Wholesale Banking - Inward & outward bills, letter of credit, advice generation, bank guarantee & RBI.
We believe Bank Expert will emerge as the defacto solution for co-operative banks in India.