Core Banking Software for Saccos, Credit Unions, Societies

CBS for Credit Society (Saccos) / Credit Unions

Most of the SACCOS/Credit Unions world-wide are the co-operative association of member belonging to a common geography or employer. The ‘Member Shares Management’ solution of TrustBankCBS Suite, enables Saccos/Credit unions to automate the complete workflow for Membership. TrustBankCBS Solution suite is customized for this segment, enables Saccos to provide all Retail Banking services with emphasis on member deposit and member loan services.

End-to-end Core Banking Solution

TrustBankCBS offers 24 X 7 real-time access to members with Self-Service channels like Mobile Banking and Mobile Passbook.

TrustBankCBS is integrated with ‘Mobile Money’ platforms, ‘Mobile Wallets’ to enable members to transfer the funds online for E-commerce transactions and Utility Payments.

For SACCOS/Credit Unions providing Foreign Exchange Sell/Purchase services, TrustBankCBS offers complete Forex Management Solution.

The Forex Management Solution maintains Foreign Currency Balance, along with accounting in Local Currency, Income/loss in the Forex Sale/purchase operations and Income/loss due to Forex rates fluctuations.

TrustBankCBS offers customized solutions for Statutory Reporting to abideby by the Reports requirements of Co-operative Registrar in respective provinces / countries.

Over the years, TrustBankCBS have been part of the growth story of various forms of Co-operative societies viz:
Savings & Credit Co-operative Societies.
Credit Unions.Employee Credit Society / Unions.

Diaspora Credit Co-operative Societies.

Solutions Offered

TrustBankCBS offers configurable platform enabling SACCOS to fulfill its objective to design loan products, which offers access to affordable credit to members. Various Solutions offered by TrustBankCBS to Saccos / credit unions includes:

Member Shares Management

Member Registration, Member Shares Management.

Statutory Compliances

Statutory Compliance Reporting.

KYC

Unique Customer Identification Code, Know Your Customer (KYC).

Enterprise Applications

HRMS & Payroll, Fixed Assets & Inventory Management, Reconciliation, SMS & Email Gateway Integrations.

Loans Processing

Online Loan Application, Loan Origination, Application Processing & Document Management.

Financial Accounting

General Ledger, Financial Accounting, Investments, Financial Statements for Branches and Saccos / Credit Union.

Member Loans

Various Types of Member Loans.

Forex Sale / Purchase

Forex Sale / Purchase Operations.

CASA accounts.

Retail Banking

Branch Banking Services to customers along with Inter-branch transactions facility for all retail banking branch operations.

Deposits

Term Deposits, Recurring Deposits, Daily Deposits.

Online Banking channels

Self-service Online Banking channels viz.: Internet Banking, Mobile Banking, Mobile Passbook.

Two Factor Authentication

User Management with Two Factor Authentication, Biometric authentication for Login, Digital Signing, Audit Trail.

Digital Banking

Digital Banking viz.: Mobile Money, Mobile Wallet, RTGS/NEFT, ECS, NACH and many more.

Agency Banking

Agency Banking for Onfield Operations & Doorstep services for customer acquisitions, collections, disbursements, overdraft.

Key Features

Different Key Features of TrustBankCBS

Architecture

Agile & Scalable Architecture.

Digital Channels

Digital Banking, Payment, Self-service Channels.

Agency Banking App

Agency Banking App for online, real-time field operations.

Reports Configurators

Embedded Reports Configurators, Ad-hoc Reports Builder.

Browser based Application

Browser based Application at Branches provides real-time picture of Field Operation.

Graphical Analysis

Graphical Analysis, Dashboards.

Light and optimized Application

Light and optimized Application, Optimized Bandwidth and Infrastructure requirement.

Latest Technology

Continual Upgradations to latest technology and trends in modern banking.

Pre-configured Work-flow

Pre-configured work-flow, Industry Best Practices.

Statutory Compliance

Continual updates to comply to ever evolving statutory compliance reporting environment.

Web Based Security

IpSec VPN and SSL VPN for Branch and Field Agents connectivity with Datacenter.

Minimum Connectivity Cost

Minimized Connectivity Cost, Mobile Internet sufficient for Field Operations.

Open Architecture

Open Architecture, API Based Access to Third Party Systems.

SaaS Model

Cloud Based SaaS model with 99.99% uptime for Data Center & DR Site.

Maker-Checker Workflow

Maker-Checker Workflow, Central Approvals for Field Activities through Agency Banking.

Software Implementation

Vast Experience of Saccos/Credit Unions Software Implementation.

Value Delivered

Optimized Software

Minimum bandwidth and infrastructure, Thus reduced recurring cost toward infrastructure.

Customer Satisfaction

Increased Members & Customer Satisfaction, Retention.

Control of Field Operations

Effective Control of Field Operations.

Cost Effective

Decline in Operations & Support Cost in Banking Services.

Block Revenue Leakages

Block revenue leakages, Saving on unnecessary expenditure.

Optimized utilization of resources.

360 degree view of customer.

Analytics

Sound & Quick decision making based on Analytics.

360 Degree View

360 degree view of branch and bank operations.

Increased Revenues

Increased Revenues, optimized expenses, Increased Profitability.

Quick Decision Making