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Banking Software -universal, retail, private, wholesale core banking systems

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vendor of interest  |  summary

Laser Soft Infosystems- Laser Panacea core banking

Laser Soft Infosystems (LSI) | a Polaris Group company - Laser Panacea core banking, Probanker CB (for co-operative banks), Laser Twig for small branches

Overview:

Laser Soft is a software product company established in 1986 in Chennai, India, with a focus on development of products for the Banking and Financial Services sector. Laser Soft was acquired by Polaris in 2009.

The product offerings cover the entire range of Banking Operations and include Core Banking and quite a few specialized products like Treasury, Trade Finance, Cash Management, Reconciliation systems, etc.

Laser Soft Infosystems (LSI) was acquired by Polaris Software Lab group in 2009.


Product: Laser Panacea core banking, Probanker CB (for co-operative banks), Laser Twig for small branches

Core Banking:

Laser Panacea (Core Banking) -

Core Banking solution - centralized data centre connected to network of branches.
Covers a wide banking spectrum – Retail and Corporate Banking.
Seamless online integration with third party solutions.
Supports multi delivery channels like ATM, POS, Internet Banking, etc.
Built on layered and modular architecture and runs on standard open platforms.

Laser Twig (for small branches) -

Ideal for small and medium sized branches.
Simple hardware requirement – just 2 to 3 pc’s.

Covers critical retail banking operations like General Ledger, Deposits / Advances, Remittances, etc.

Probanker CB (for Co-operative Banks) -

To meet specific requirements of Cooperative Banks.
Linkage of shareholdings with loan exposures.
Flexibility for operations either in a centralized environment or as stand-alone outfits.

Retail Banking:

Loanflo Retail (Retail Loans) -

Covers complete loan lifecycle viz., loan processing, approval, disbursement, monitoring, recovery, provisioning, suit filing and closure.
All types of retail loans like personal loans, Housing Loans, Education loans, Vehicle loans, etc.
Workflow processes to suit credit policy.
Flexibility to parameterize new schemes.


Panacea PS (Payment System) -

To meet needs of introduction of RTGS (Real Time Gross Settlement) Payment System by RBI (Reserve Bank of India).

Facilitates inter bank / intra bank payments and settlement of funds within stipulated time lines.

Unique features like message prioritization, real time host integration, centralized liquidity management, etc.

Laser Touch (Touch Screen) -

A self help banking tool for Bank Customers.
Covers demand drafts, cheque books, statement printing, etc.
Either as an onsite or offsite facility.
Interface to MICR Reader, Passbook Printer, Bar Code Reader.
Payment of utility bills.

Probanker PB (Private Banking) -

Meets emerging need for wealth management services - personal investment management services like purchase/sale of securities, corporate actions, custodial maintenance, funds settlement, etc.


Platform: Open
e.g. OS - Windows, Unix, Solaris, Linux, AIX, Netware, OS/400



Clients:

(for more information see LSI )

Contact:

Laser Soft Infosystems Limited
No: 100-A, Radha Avenue, Srilakshmi Nagar, Valasaravakkam
Chennai 600 087. India

Phone: 91 - 44 - 24869213 / 9214 / 9217
Fax: 91 - 44 - 24869212

Website: www.lasersoft.co.in
eMail: marketing@lasersoft.co.in

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Co-operative banking India category
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