Vantage Business Systems - Capital · Retail Banking, Shariah Banking, Microfinance & Cooperative Banking core solutions
Overview:
Vantage Business Systems was founded by a group of highly motivated and innovative IT professionals, all with extensive experience in both IT and the financial services industry.
After experiencing first-hand the poor quality and high cost of existing banking software the team decided to create a completely new system that not only combined all the features of a large banking system with their own visionary ideas, but could also be installed easily and run by an institution of any size.
The complementary skills, creativity and broad experience brought by each member ensured the final product could measure up against all those already on the market.
The Capital system was not based on any legacy system, so it carries none of the anomalies associated with old technologies and techniques. Vantage's own market research shows that many competitors in the Core Banking System market are selling a variety of ancient legacy systems written in old obscure programming languages. In most cases these systems have been re-badged or re-engineered for marketing reasons.
Vantage aims to provide the best banking solution possible using the best and most advanced technology available.
Product/s: Capital core banking
Vantage Capital suits the following banking categories:
- Retail Banking
- Islamic Banking
- Microfinance and Co-Operatives
Core banking products:
Retail Banking: Banking system with all core banking functionalities.
- Savings accounts
- Term Deposit accounts
- Current accounts
- Overdrafts
- Commercial loans
- Personal loans
- Housing loans
- IFRS compliant
- Micro lending and Community banking
- Ability to tier interest rates and fees to any level
- Ability to structure loans into multiple components with a complete history
Shariah Banking: Complete pure Shariah banking system with pre-defined Shariah products.
- All Wadiah current account
- Mudharabah savings account
- Mudharabah fixed deposit account
- Murabahah financing
- Mudharabah financing
- Musharakah financing
- Ijarah leasing
- Al Rahn pawn broking
Micro Banking: Both the retail and Shariah banking systems can be used for the purpose of Micro Banking.
The Shariah Banking system is not an add-on to an existing conventional banking system. The two systems can run together as one, or separately in order to have a “pure” Shariah system.
Vantage Capital has its own General Ledger system built in. This GL can be used as a corporate GL for smaller institutions or, in the case of larger institutions, as a repository for accounting entries to be forwarded to an external corporate GL. Capital generates all accounting entries at the time when a transaction is processed. These accounting entries are transparent to the users.
The following delivery channels are an integral part of the core system:
- Internet Banking
- SMS Banking
- Mobile Banking
( for more information see Vantage Business Systems )
Platform/s:
Vantage Capital utilizes:
- Java EE.
- EJB 3.0
- Web services
- SOA
- XML based messaging
- Automated code documentation via Javadoc
- Automated data dictionary
- Automated robotic testing (front end replay)
- Automated regression testing (backend jUnit testing)
Vantage Capital is:
- Database independent (Java Persistence)
- Platform independent (Proven under Windows, Linux, and IBM AIX Unix)
- User interface independent (.NET Desktop and HTML front-ends are provided, we also handle ISO8583 messages and proprietary message formats)
- Scalable to any size
- Clusterable
- Multi locale (multi language, multi time zone and multi calendar)
- Secure, using a variety of encryption methods
- Complete audit trails (financial and non financial)
- Versioned parameters
Vantage Capital, as a true object-oriented system, can be easily extended by a client to add functionality without corrupting the core system. Capital can be run on any platform supported JEE, and can be hosted on secure servers administered either inside or outside the financial institution.
The Vantage Capital design is highly suitable for hosting and cloud banking.
Clients:
5.2011: "actively seeking visionary business partners and customers"
Contact:
Vantage Business Systems Pty Ltd
Level 3 Commonwealth Centre
18 Banfield Street
Chermside QLD 4032
Australia
Jalan Bangka 7 No 9A, Unit 16
Bangka
Jakarta 12730
Indonesia
Phone: +62 21 93620884, +62 81382438692
Fax: +62 21 7197683
Website URL: www.vbs-vantage.com
eMail : info@vbs-vantage.com
