Saraswat Infotech Limited (SIL) - SwiftCore - core banking solution
Overview:
Saraswat Infotech Limited (SIL), a wholly owned subsidiary of Saraswat Bank, is a provider of information technology solutions to the banking and financial services industry through a comprehensive range of products and customized service offerings. Founded in 2005, SIL provides end-to-end business and technology solutions to clients in various areas of expertise. SIL is an ISO 9001:2008 and 27001:2005 certified company driven by highly-trained staff operating and practicing unique customer-centric methodologies.
Strong Focus on Financial Industry -
Differentiating from other vendors, SIL has set itself a clear vision of being a leading service provider in Banking Solutions segment. Using their advantages well could give SIL an edge over others in terms of acquiring domain knowledge, developing skill sets in all functional areas, and understanding the usage of technology across all areas and functions of banking. SIL products and services incorporate deep business functionality. These products have enabled customers to differentiate their services, making them more competitive in the market place.
Solutions Approach -
SIL approaches each customer's needs with banking domain expertise to understand their requirements, and then formulates a solution that matches those needs. In consultation with the customer, SIL examine the industry proven modules and suites that we already have, and do a gap analysis of needs vs. product offering. Subsequently, SIL can tailor the features of the product to meet the business and technology needs. Customers can expect to leverage the advantages of proven products and of tailored solutions that can help them differentiate their services and win more customers.
SIL targets its offerings to meet the end-to-end requirements of IT solutions implementation in the Banking and Financial sector.
Products: SwiftCore – Core Banking Solution
SwiftCore is described as a robust and efficient core banking solution for addressing the changing needs of the banking industry. Implementing SwiftCore enables banks to provide customers with 'anytime from anywhere' banking.
| Functional Features - |
| Real-time Straight Through Processing |
| Unified Customer view |
| Centralized MIS & Decision Support |
| Multiple delivery channels integrated with SwiftCore enabling 24X7 anywhere anytime banking |
| Online Audit which helps Bank’s auditors to verify compliance and analyze any violations |
| Screen Level Security |
| Password Management |
| Parameter Based Over-ride, Access Control Lists/ Group Security |
| Technical Features - |
| Seamless integration of Front Office services delivery to the Back Office processing & analysis |
| Scalable Architecture |
| N-Tier design |
| Object Oriented Code |
| Open ended Interface Capability |
| Central or Cluster Database Support |
| Enterprise wide network security |
| Limits |
| Well-equipped with robust messaging back-end to handle account network latency & communication bottlenecks |
SwiftCore, in conjunction with its associated surrounding applications, automates every aspect of a bank's operation - uniting front, middle and back-office processes in real-time. Branch automation provides core application functionality round-the-clock to branch networks and customer-facing interfaces. It is a proven banking solution with an integrated state-of-the-art interface with all delivery channels viz., ATM, SMS Banking, Kiosk, Internet, etc. The system offers fast product launching capability, support for all delivery channels, true 24x7 anytime, anywhere service with no downtime.
It also has an administration module which allows a single point of administration for all its services. It factors in application provisioning services. Detailed audit trails and application monitoring capabilities can be accessed from the administration module.
| Retail Banking Module - |
|
| Customer Information Management |
Complete Agricultural Advances (DCCB specific) |
|
Savings & Current Bank Account |
No Frills Accounts |
| Term Deposits |
Cheque Books |
| Standing Orders |
Lockers |
| Interest Calculation |
Charges |
| Loans & NPA Management |
Pay Orders |
| Demand Drafts |
Teller Operations |
| Limits |
Outward Bills |
| Inward Bills |
Letter of Credit |
| Head Office Module - |
|
| Central Accounts Department |
Investment & Fund Management |
| Centralized Stationery Inventory Management |
Centralized Clearing |
| Inter-Branch Transactions Reconciliation |
Bank Accounts Management & Reconciliation |
| Cash Management & HO Petty Cash |
Payroll & Leave Management |
| Premises & Other Fixed Asset Management |
Member Shares & Liability Accounting |
| Credit & Recovery Management |
Final Accounts Consolidation |
| Audit & Inspection |
System / User Administration |
( for more information see Saraswat Infotech Limited | SIL)
Platform:
SwiftCore has a robust messaging back-end, which can take into account network latency and communication bottlenecks. It features a multi-channel information delivery system that is capable of delivering information to a variety of clients. These could range from desktop clients to browsers, ATM/POS and information in the form of XML for further processing.
SwiftCore is designed on an n-tier architecture incorporating 3 tiers in its design viz. the front-end tier comprising the user interface, the middle tier comprising the business logic and the backend tier comprising the database.
Clients: in India
Saraswat Co-operative Bank
Raigad District central Co-operative Bank
The Gondia District Central Bank
Nagar Urban Co-op. Bank
Chembur Nagrik Sahakari Bank
Maratha Co-operative Bank
Rajarshi Shahu Sahakari Bank
Navi Mumbai Sahakari Bank
The National Co-operative Bank
The Kukarwada Nagarik Sahakari Bank
Setu Co-op. Credit Society
Parashwanath Patpedhi Sahakari Patsanstha Maryadit
Sarvodaya Co-operative Bank
Durgapur Steel People’s Co-operative Bank
Sanmitra Sahakari Bank
Contact:
Head Office:
Saraswat Infotech Limited
Madhushree , 3rd Floor
Plot no. 85, Sector 17
Vashi Mumbai - 400703
India
Tel: 022 – 27899715
Fax: 022 - 27895865
eMail: sales@sil.co.in
Website URL: www.sil.co.in
