Banking Software Selection & Use

Lecture: Types of Software Used in Banks

By
Asim Shahzad
 Types of Software
• System Software:
– Software that directly operates the computer hardware, to
provide basic functionality needed by users and other
software, and to provide a platform for running application
software
• Application Software:
– An application program (app or application for short) is a
computer program designed to perform a group of
coordinated functions, tasks, or activities for the benefit of
the user.
• Malicious Software:
– Malware, is software that is developed to harm and
disrupt computers.
 System Software
• Operating System:
– The operating system allows the parts of a computer to
work together by performing tasks like transferring data
between memory and disks or rendering output onto a
display device. It provides a platform to run high-level
system software and application software.
• Device Drivers:
– Operate or control a particular type of device that is
attached to a computer.
• Utilities:
– Computer programs designed to assist users in the
maintenance and care of their computers.
 Technical Terms
Data Center (DC):
• The place where the central server / servers are housed.
Disaster Recovery Site (DRS)
• An alternate data center which will act as a backup resource and ensure
business continuity in case of DC failure
Data Mirroring:
• Storage devices attached to servers located in DC and DRS are updated on a
real time basis to ensure data integrity and availability. In case of hardware
failure.
Backup:
• A backup, or the process of backing up, refers to the copying and archiving
of computer data so it may be used to restore the original after a data loss
event.
Data Loss:
• Data loss is an error condition in information systems in which information
is destroyed by failures or neglect in storage, transmission, or processing.
 Types of Software Used in Banks

• CORE BANKING
• CREDIT CARD
• DEBIT CARD
• PREPAID CARD
• CONSUMER LENDING APPLICATIONS
• WORKFLOW APPLICATIONS
• HUMAN RESOURCE MANAGEMENT SYSTEM
• REPORTING ENGINES
 CORE BANKING
SALIENT FEATURES

• “Centralized Online Real-time Electronic” Banking

• Highly Reliable / Sophisticated Central Database
• Highly Secure
• Round the clock 24/7 Transaction processing
• Integrated Alerts Generation
• Integrates with Alternate Delivery Channels
 CORE BANKING
• Captures Primary Banking Transactions

– Account Opening
– Cheque Book Management
– Bank Drafts Management
– Cash Deposit / Withdrawal
– Account Transfer
– Term Deposit Issuance, Profit Payment & Maturity
– Loans
 CREDIT CARD
“A small plastic card issued by a bank, allowing the holder to
purchase goods or services on credit”.

SALIENT FEATURES
• Customer Details Capturing
• Integration with CORE Banking Software
• Limit Assignment
• Issuance & Activation
• PIN Generation
• Transaction Processing
• Recovery of Charges
• Statement Generation
 DEBIT CARD
“A card allowing the holder to transfer money electronically
and withdraw cash through ATM from their bank account
when making a purchase”

SALIENT FEATURES
• Customer Details Capturing
• Integration with CORE Banking Software
• Issuance & Activation
• PIN Generation
• Transaction Processing
• Recovery of Charges
• Maintenance of Logs
 PREPAID CARD
“A card issued by a financial institution that is preloaded
with funds and is used like a normal credit card”.

SALIENT FEATURES:
• Customer Details Capturing
• Integration with CORE Banking Software
• Issuance & Activation
• PIN Generation
• Transaction Processing
• Recovery of Charges
 CONSUMER LENDING APPLICATIONS
SALIENT FEATURES

• Processing of Loan Applications

• Personal Loans
• Home Loans
• Auto Loans
• Revolving Line of Credit
 HUMAN RESOURCE MANAGEMENT
SYSTEM
SALIENT FEATURES

• HR Management Information System

• Payroll
• Time & Attendance Management
• Performance Appraisal
• Recruiting/Learning Management
• Employee Self Service
• Leave Management
• Analytics
 WORKFLOW APPLICATIONS
SALIENT FEATURES

• Automation of process requiring series of steps

• Definition of Bank Level Hierarchy
• Approval Matrix
• Setting up Approval Limit Levels
• Setting up Product Approval Levels
• Alerts Generation
 WORKFLOW APPLICATIONS
• Oracle Procure-to-Pay (p2p)
• Oracle's Procure-to-Pay is an integrated
solution that links purchasing and payables to
maximize return on invested capital. With
Oracle Procure-to-Pay companies can reduce
cost to improve margin, streamline procure-
to-pay processes to improve working capital,
and drive compliance to optimize asset usage.
 REPORTING ENGINES
SALIENT FEATURES
• Generation of complex reports
• Avoid Performance Issues to CORE Banking
• Ability to capture data of multiple banking
applications
• Budgeting & Forecasting
• Profitability Analysis
• Product Development Analysis
• Data output in different formats
• Customized Report Layouts
 REPORTING ENGINES
• Oracle Business Intelligence Discoverer
– Discoverer is an intuitive ad-hoc query, reporting,
analysis, and Web-publishing tool that empowers
business users at all levels of the organization to gain
immediate access to information from data marts,
data warehouses, online transaction processing
systems and Oracle E-Business Suite.
• Oracle Hyperion
– Oracle Hyperion Planning is a centralized, Microsoft
Office and Web-based planning, budgeting and
forecasting solution that integrates financial and
operational planning processes and improves business
predictability.