Core Banking Software For Cooperative Banks

SYNERGIC BANKING: CBS & TBA EDITION
Monthly Rental and Onetime Purchase Option

Banking solutions for both large and small banks and cooperative societies.
Core Banking Solution (CBS) and Total Branch Automation (TBA)

‘Synergic Banking’ offers Banking Solutions for Total Branch Automation for banks with zero to a few numbers of branches to large banks with multiple branches spread across multiple states. Our Total Branch Automation (TBA) and Core Banking Solution (CBS) offer complete banking solutions for Cooperative Banks and Financial Institutions (FIs) of all sizes.

 

Core Banking Software For Cooperative Banks

TBA & Core banking solutions for SCB, DCCB, ECCS, CCS, UCB, ARDB, PACS

SYNERGIC SOFTEK SOLUTIONS PVT LTD undertook the development of a software system for CBS implementation. The company has over 500 person-years of experience in handling banking projects for major Co-operative Banks and Societies in Eastern India. A team consisting of technical and subject matter experts developed Banking Systems Architecture (BSA), which supports the definition of products for various functional areas of banking. The application currently launched as SYNERGIC BANKING has been enhanced over time to increasingly suit the needs of banks. Synergic Banking, a flagship product of Synergic Softek Solutions Pvt Ltd. Its high degree of parameterization, Flexi-centric architecture and ease of use have made ‘Synergic Banking’ the most widely deployed branch automation product in the Indian banking industry. Flexibility, usability, parameterization, and modularity are among the chief concerns in the design of SYNERGIC BANKING. The system can be implemented in several types of banking setups, for computerizing a large range of banking functions. Its portability allows banks a wide choice of hardware platforms.

Solutions

Consumer Banking

  • ✓ Savings & Current Account
  • ✓ Retail Loan
  • ✓ Time Deposits
  • ✓ Cash Credit / Overdrafts

Financial Inclusion

  • ✓ Field Agent Enrollment
  • ✓ Transaction Posting
  • ✓ Commission

Micro Finance

  • ✓ SHG / JLG Lending
  • ✓ Micro-Insurance
  • ✓ EMI / Premium Collection Alerts

Who can use our software?

Our banking solution has been customized to meet the specific requirements of each organization.

Agriculture and Rural Development Bank (ARDB)
DISTRICT CENTRAL CO-OPERATIVE BANKS (DCCB)
State Cooperative Banks (SCB)
Urban Co-operative Bank (UCB)
Employees’ Co-operative Credit Society (ECCS)
Urban Co-operative Credit Society (CCS)
FINANCIAL INSTITUTIONS & CORPORATION
Mahila Co-operative Credit Society
Primary Agriculture Credit Society (PACS)

Core Banking Software

Affordable Cooperative Banking Software

Synergic Softek Solutions Pvt. Ltd. offers core banking services on an outsourced Application Service Provider (ASP) model hosted in a secure remote cloud server to enable your bank to integrate all your branches and have a single view of the bank for effective management and control.

In recent times banking industry is undergoing major transformations that are triggered by the advent of the internet, cloud computing, new hardware, and software technologies, shifting focus on customer values, stringent regulatory guidelines, and stiff competitive challenges.

In the banking business the focus is now shifted to efficiency and reduction of waste in terms of assets and time, regulatory compliances, providing more value to the customers/user members, and also the scalability to support growth and thereby becoming a lean and agile organization.

Need to drive innovation and growth

“SynergicBanking” Core Banking Solutions enables you to drive innovation and growth, provide seamless customer experience, and achieve operational excellence.

Need for a lean and agile organization

In the banking business the focus is now shifted to efficiency and reduction of waste in terms of assets and time, regulatory compliances, providing more value to the customers/user members, and also the scalability to support growth and thereby becoming a lean and agile organization.

Need for seamless customer experience

In recent times banking industry is undergoing major transformations that are triggered by the advent of the internet, cloud computing, new hardware, and software technologies, shifting focus on customer values, stringent regulatory guidelines, and stiff competitive challenges.

Need to achieve operational excellence

We can help you create more connected operations, keep critical assets running, drive greater operational efficiency, and reduce costs. Wherever you are in your digital journey, we will partner with you to deliver the insights and consultative services required for more resilient business operations.

Special Features

For startups and growing businesses, an online specialist can develop a digital marketing plan to help you grow and retain a happy client base.

  • ✓ Host to Host NEFT / RTGS integration
  • ✓ (Real-time)
  • ✓ GST Compliant
  • ✓ Omnichannel
  • ✓ Security & Access Control

 

  • ✓ KYC System
  • ✓ Front-End Developer
  • ✓ Straight through processing
  • ✓ Agile &, highly extensible through
  • ✓ parameterization and user-driven customization
  • ✓ Complete front and back-office solution
  • ✓ SMS Alert
  • ✓ Banking-finance including general ledger and reporting
  • ✓ Any Branch Banking (ABB)

Benefits

With our core banking software, your branches no longer work in silos. With the centralized solution model, every branch is interconnected and exchanges transactional updates in real-time, enabling them to serve the customers as the customer of the bank, not as the customer of a particular branch by offering them Any Branch Banking service.

Better Services

PACS can now offer the services to its customer’s at-par with medium and big banks in the region.

Business Development

Services to the end consumers are faster.

Faster Services

Opening up new opportunities for PACS to bring in new business and enhance their reach through state-of-art delivery channels.

Better and Faster decision

The required information for the decision-making is readily available through comprehensive MIS reports which were earlier not available.

  • ✓ Reliable, scalable, and secure software, hardware & cloud infrastructure
  • ✓ Customer-centric solution
  • ✓ Datacenter & disaster recovery center
  • ✓ Daily and periodic operations
  • ✓ Report generation & distribution
  • ✓ Application maintenance/support
  • ✓ Guaranteed uptime for application & services
  • ✓ Service level agreement (SLA)
  • ✓ Manage Growth with proven scalability
  • ✓ Real-time, complete customer information
  • ✓ Insightful reports for better decision making
  • ✓ Faster time to market
  • ✓ Product builder
  • ✓ Collaborate with the ecosystem through open API
  • ✓ Anytime anywhere banking through multiple channels

Solutions we offer for your organization

Highly Modular and Parameterized

Synergic Banking allows financial institutions to break silos, meet regulatory compli¬ances, and increase profitability. Synergic Banking is scalable supporting your bank to grow with flexibility due to its highly modular and parameterized architecture. It allows your bank to choose and implement the right modules as per the current requirements.

Multi-channel Banking Interfaces

With the focus to add value to the ultimate customers of your bank, Synergic Banking offers multi-channel interfaces for banking transactions enabling the customers to perform banking transactions using a variety of service channels including

  • ✓ In Branch Banking
  • ✓ TeleBanking
  • ✓ SMS Banking
  • ✓ Kiosk Banking
  • ✓ ATM banking
  • ✓ Agent-based Banking etc.

These help your bank achieve increased market reach and add to customer convenience.

 

 

Cost

Low cost of ownership with an option for both CAPEX and OPEX payment mode. Our software acquisition model supports both CAPEX and OPEX model of payment which gives our customers the option to choose a one-off purchase as a capital expenditure or opt into our rental mode of payment supporting our software cost as a small periodic recurring operational expenditure to the organization.

Support

We offer support for the Software Application, Hardware, and Cloud Infrastructure. Our support includes

 

  • ✓ On-Site Handheld Training
  • ✓ Phone Support
  • ✓ Online Support
  • ✓ Email Support

Solutions we offer for your organization

  • ✓ Use of Cloud Computing infrastructure
  • ✓ Integration among all three layers of Cooperative banking State, District and PACS (village / Taluka) for monitoring and reporting
  • ✓ A standardized approach to adopt a common accounting system up to PACS level
  • ✓ Inter-Branch transactions, simple and single click interest calculation, and bank closing activities
  • ✓ Capability to handle Direct Benefit transfers through PACS level
  • ✓ KYC compliant customer management
  • ✓ A Role-Based Access control system
  • ✓ A Role-Based Access control system
  • ✓ Maker-Checker concept for transaction
  • ✓ Simple user interface for ease of use
  • ✓ Support Multiple Delivery Channels
  • ✓ Unicode Compliant for other languages
  • ✓ Fast reporting system (MIS- CAS)
  • ✓ Standardized bookkeeping (CAS)
  • ✓ Low Cost of Ownership
  • ✓ Low Operational Costs (Server, Data Center & Disaster Recovery Center)
  • ✓ Cost-Effective as it needs only a thin client
  • ✓ Maintainance & Support
  • ✓ Various Banking Books and Ledgers
  • ✓ Trading of Agricultural inputs and Consumer Items
  • ✓ Single-window, online, real-time processing
  • ✓ Integrated transaction-handling and management-reporting system
  • ✓ Provides comprehensive, accurate, and updated information
  • ✓ Provision for audits
  • ✓ Provisions for Backup and Recovery
  • ✓ Portability and connectivity
  • ✓ Meets various information needs — operational, statutory, and managerial
  • ✓ Meets various information needs — operational, statutory, and managerial
  • ✓ Computer-based training for users along with online help and the support of software professionals during implementation
  • ✓ Processes data quickly and accurately, thereby enabling better customer service
  • ✓ Ad hoc query-handling and report generation

Synergic Banking Modules

Core Modules

Administrative Function, Customer Information, Customer Services, Transaction Processing, General Ledger, Security

Fund Based Advances Modules

Cash Credits and Overdrafts, Loans, Bills

Time Liability Modules

Fixed Deposit Account, Recurring Deposit Account, Daily Deposit Account, Re-investment Account, MIS Account, Double Benefit Scheme Account

Non-Fund Based Advances Modules

Letter of Credit, Bank Guarantees

Demand Liability Modules

Savings Account, Current Account

Other Modules

The instrument, Remittances, Inward & Outward Clearing, Safe Deposit Vault, Safe Custody, Share Account, Guarantee Fund Account, Thrift Fund Account, MIS Reports & Statutory Reports, Signature Capture, and Retrieval, Passbook printing

Contact Us NOW !!

Inquiry – Tell us your business needs. We will provide a timely cost-effective solution for you.

Drop us a note and we will get connected