OUR NEXT GENERATION BANKING SYSTEM

Currently under development.

Built on the latest cloud based technology that will move your bank to the next level.  It is secure.  Account financial integrity is preserved.  Accessible to clients from anywhere in the world and at anytime.  Easy to use.  Responsive to smartphones, tablets and desktops.  And yet can still communicate using the very popular simple text based mobile phones.

Loans & Savings Management System

KEY FEATURES

WORKFLOW PROCESSES

  • Simple automated workflow process
  • Loans
  • Savings & Term Deposits

FINANCIAL INTEGRITY

  • Every movement in the Account balance are traceable through transactions and audit logs – date/time stamp, user id, from what device
  • Integrity check on account are done real-time

CLOUD BASED & LOCAL SERVER

  • The system is optimised to run on Cloud-based hosting services
  • Cloud-based systems are much more efficient in serving customers through SMS and mobile devices from anywhere in the world
  • The up-time for Cloud based services is 99.99%
  • Can also run on in-house managed servers

PRODUCTS SUPPORTED

  • Loans (Personal, Commercial, Industrial, Agricultural)
  • Savings (Normal, Christmas club, Held-as-Security)
  • Shares (Members’ shares in the NCSL Society)
  • Benefits (Members’ benefits – Medical, Education, Death, etc.)
  • Term deposits (to be available in subsequent upgrade)
  • Current accounts (to be available in subsequent upgrade)

CUSTOMER REAL-TIME ACCESS:

  • SMS
  • Smartphone &
  • Tablets
  • 24/7 from anywhere in the world

SEAMLESS INTEGRATION TO ANY ACCOUNTING SYSTEM

  • Banksoft can integrate with any accounting systems in the world
  • MS Navision, Epicor, Accpac, Sun System, MYOB, Attache etc.

BUILT-IN LOAN CALCULATOR TAKE INTO ACCOUNT:

  • Principal amount
  • Annual insurance fee
  • Regular Fees (Service, Transaction, Admin, etc)
  • Term of the loan
  • Repayment per period
  • Interest per annum

PROVISION GUIDELINES ON IMPAIRED ASSETS:

  • Credit Risk Rating
  • Dynamic provisioning

ACCOUNTING REALISATION OF INCOME & EXPENDITURE:

  • Cash
  • Accrual

TAX:

  • VAGST
  • Withholding Tax

INTEREST CALCULATION:

  • Flat
  • Reducing balance

PRO-ACTIVE ARREARS MANAGEMENT:

  • Aging of arrears by months
  • Principal in arrears
  • Other principal in arrears
  • Interest in arrears
  • Extra interest in arrears

SECURITY (COLLATERALS) MANAGEMENT:

  • All Security types
  • Personal Guarantee
  • Mortgage on Property
  • Ships Mortgage
  • Mortgage on Aeroplane
  • Bill of Sale
  • Lien
  • Debenture
  • Assignment – proceeds
  • Notification
  • Insurance
  • Government guarantee
  • Priority
  • Contingent liability

MULTI-LINGUAL (LIMITED SUPPORT):

  • Internal Bank User – Financial & Maintenance Screens
  • Internal Bank User – Enquiry screens
  • Internal Bank User – Reports
  • Customer on-line access – Enquiry screens
  • Customer on-line access – Statements

TRANSACTION PROCESSING NEVER STOPS

  • Bank will continue to process daily transactions even when the entries or end of day updates or end of month updates are falling behind