Banking Systems

Is a suite of products that ANZIT developed for the ANZ banking group and its subsidiaries Internationally to support the core retail banking operations of small-medium sized branches?

BANK is a completely menu driven CORE retail banking system, designed to handle multi-branch, multi currency operations. The system operates Customer and General Ledger accounts, Interest, Standing Orders, Ledger Fees, Customer Statements, Stop Cheques and numerous other banking functions.

BANK consists of a central core system and a number of fully integrated add-on modules. The add-on modules can be plugged on to the core BANK, depending on the bank's requirements. This facilitates enhancement of the system over a period of time, keeping pace with the bank's business growth.

1.1 Core product suite of BANK:

The following front ends are already interfaced with BANK

1. General Sign on System

2. Telling System

3. Funds Transfer System

4. On-line Entries

5. Statement Storage System

6. Signature System with on line enquires from other front-end systems

7. Interfaces to ATM / POS

8. SMS for balance enquiry and instructions

9. Soft Pay

1.2 Extensions to BANK:

The following application modules are available to be bundled along with the core banking product suite

1. Cash management system

2. Accounts Reconciliation System for Nostro and Suspense account reconciliation

3. Mobile Banking System

4. E-Alerts Module

5. Clearing Module

6. Trade Finance Module

In addition to this, the base product suite also allows for addition/incorporation of other partner-recommended modules to suit specific customer needs.

1.3 BANK - a historical perspective

• A product evolved with an effort of over 60 Person Years in Development / Enhancement - termed 'PC-BANK' during the initial development and implementation.

• Product proven over a period of 17 years in Small & Medium Banking segment.

• Worked in LAN / WAN Modes - Centralized and decentralized.

• Handled the Grindlays Core banking in Populous Pakistan till recently (>500K accounts and 5K transactions).

• Bangladesh Grindlays is a Premium Bank known for its Premium services with the heart of their operations on BANK.

• Implemented as a centralized solution with up to 12 branches networked onto a single host in Jordan, Bangladesh and Pakistan.

1.4 Benefits of BANK

• Bank in a box, an integrated solution.

• Most suitable for small and medium banks.

• Tested and tried in a number of countries with country specific requirements.

• Supports Islamic Banking.

• Statements can be produced in Arabic.

• Can easily accommodate weak currencies (demonstrated in Kongo & Vietnam).

• Low cost integrated solution.

• Low start up costs (infrastructure).

• Low operational overheads.

• Stable system with high reliability.

• Security in Transaction handling / consolidation & Audit ability.

• Source code is owned by ANZIT.

• ANZIT can easily customize or provide enhancements rapidly.

• Experience with supporting external customers [STANBIC and SCB].