FinCraft PACS Management Solution
Presentation Flow •
PACS - Present Scenario
•
Objective
•
Constraint
•
Why Nelito
•
Our Solution
•
Q&A
PACS Present Scenario PACS are not Part of banking system Regulatory issue Not yet self sustaining. Over reliance on manual operations. Lack of Visibility and Transparency in Operations Loaning to farmer with Cash and transfer mode
PACS Present Scenario (Contd.) Overdue in KCC and Loans Delay in Loan Processing CAS reporting implementation in Process Loose controlled accounting system Lack of MIS reporting system.
PACS Present Scenario (Contd.) Imbalance in PACS accounts Loosing Business Weakening of PACS Competition from other banks for loaning to Farmer
Objectives for improvement Connecting PACS to Indian Banking Framework using Rupay Network (KCC) PACS should be Self Sufficient Faster Loan Processing Improve Customer service Better Decision making System with Bank Orieneted MIS Centralized PACS management system at DCCB Level
Constraints and solutions Lack of Required Resources to PACS Lack of well trained and professional staff Lack of availability of High end technology Lack of bank oriented MIS Competition from Public Sector banks which are Well Equipped with technology
Only solution to these problem Centralized PACS management system at DCCB Level
Why Nelito?
Head Quartered at Navi Mumbai, India
FinCraftTM Suite of Solutions for BFS and Government
45+ Service Locations in India
Software Solutions and services in the areas of Transaction and Payment Systems, Analytics & Data Warehousing, Mobility and e-Governance
60+ International Projects
800+ Professionals
180+ Banking Clients
Established in 1995 with major shareholding by TATA Group Companies
Focused on BFS and achieved high customer retention
Serving Nationalized, Private, MNC’s and Co-op Banks / institutions
Working with implementation
IDRBT
for
PACS
FinCraft Customer (DCCB’s) Akola District Central Co-operative Bank, Maharashtra Nasik District Central Co-operative Bank, Maharashtra Jalgaon District Central Co-operative Bank, Maharashtra Jammu District Central Co-operative Bank, Jammu & Kashmir Baramulla Central Co-operative Bank, Jammu & Kashmir Mysore District Central Co-operative Bank, The Singhbhum District Central Co-operative Bank, Chaibasa The Ranchi Khunti District Central Co-operative Bank, Jharkhand The Gumle-Simdega District Central Co-operative Bank, Gumle. The Deoghar-Jamtara District Central Co-operative Bank, Deoghar. The Dhanbad District Central Co-operative Bank k, Dhanbad. The Hazaribagh District Central Co-operative Bank, Hazaribagh The Dumka District Central Co-operative Bank, Dumka The Giridib District Central Co-operative Bank, Giridib
FinCraft PACS: Salient Features Use of High End Technology Seamless integration of PACS with Branches of DCC Overall control on PACS loaning system by Bank Seamless integration with Rupay Network Bank oriented Loan Origination system Complete Banking activity modules Enhanced Trading Activity CAS Compliant Reporting Rich MIS and reporting system
Functional Components
Designer
Loan Management
Banking activity
• • • • • • • • •
• Loan Origination Sytem • NCL register – Statement A and B • KCC loan in integration of Rupay Network • Farm Sector Loans • Gold Lon • Consumption loan • House repair loans • Loans to SHG and JLG • Borrowings
• • • • • • • • •
PACS Season Crop Village Taluka Land Scale of finance Customer /Farmer User
General Ledger Savings account Term Deposit Non Farm sector Loans Pygmi deposit Sundry accounts Cash Credit Bank account Investment
Functional Components (Contd.)
Trading Activity
Processes
Reporting
• • • • • • •
• • • • • •
• • • •
Fertilizer Seeds /Pesticids Retail store PDS Agri product Procurement Agri product Sale Trading account
Subsidy Management Interest Subvention NPA MIS reporting NCL Register Land Register
CAS Reporting MIS reporting Interace to Rupay Network Interface to CBS Of bank
PACS 3
NFS PACS
PACS 2
QnA
About Nelito
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FincraftTM Analyst Recognitions Gartner
Listed as a Representative Vendor in the Asian Core Banking Market in Gartner's A Banker's Guide to Asian Core Banking Solutions, July 31, 2014. Cited in Gartner's Magic Quadrant for International Retail Core Banking.13 November 2014 as Nelito does not appear in the Magic Quadrant.
Forrester Research
Included in Forrester’s Global Banking Platform Deals 2014 report.
*
Source Report: ‘Customer Experience In Banking Needs More Than Just Channels’ published on April 29, 2015
Disclaimer: •Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose..
Presented by:
Santosh Deshpande Phone: +91 8655238249 Email: Santosh.deshpnde@Nelito.com Website: www.nelito.com