The Presentation for Chartered Accountants for Statutory Bank Branch Audit in Core Banking Software (CBS) Environment - Focus on Finacle from Infosys and B@NCS from TCS
Core banking systems : by yogesh khatriyogesh khatri
Core banking allows customers to access their bank accounts and perform basic transactions from any member bank branch through networked computers and telecommunication technology. Before core banking in the 1970s, transactions would take at least a day to be reflected in accounts as each branch had local servers and data was sent to central servers daily. Now most banks use core banking applications so all branches can access centralized data centers in real-time.
This document provides information about the evolution of core banking systems from earlier total branch automation systems. It describes how core banking allows for real-time sharing of customer information and processing of transactions across branches through centralized data centers and networking. The core banking system provides many benefits like centralized accounting, product monitoring, introduction of new technology-based services, and improved customer service by allowing customers access to their accounts from any branch.
The document discusses the evolution of bank automation in India from 1981 onwards. It outlines key components of a core banking system including centralized data processing, banking application software, hardware, and network infrastructure that allow round-the-clock processing of all bank products and services. This automation provides customers with 24/7 access to services like ATMs, internet banking, mobile banking, and enables back-office functions such as transactions recording and interest calculations.
Core banking solution (CBS) is a centralized banking system that allows integrated access to account information and facilitates fund transfer between branches. It consists of application servers, database servers, ATM servers, internet banking servers, and other components connected over a secure network. CBS provides advantages like centralized operations, improved services, and security, but also risks from technology failures or data breaches. It marks a shift from branch-based banking to banks serving customers as a unified whole.
Core banking chapter 4, benefits of core banking, essential requirements of core banking, suggestions for the co-operative banks to implement core banking system
This study notes will give you the complete knowledge about Centralized Online Real-Time Environment Banking System. From initially required knowledge to like how the bank works with the list of primary operation it also explains the detailed architecture of banking system with all relevant parameters. In addition, it also gives you the detail like audit procedure with relevant controls. Also gives you the required knowledge of IT Act and Cyber Frauds and more.
Core banking and electronic clearance settlement systemRoy Thomas
Core banking systems allow banks to process transactions in real-time across branches by connecting all branches to a centralized database. This allows deposits to immediately be reflected on bank servers and accessible from any branch. It also enables banks to provide comprehensive banking services to corporate customers. Electronic clearance and settlement systems facilitate the quick and efficient electronic transfer of funds and securities between financial institutions by removing the need for paperwork. There are different types of systems including net settlement, real-time gross settlement, and hybrid systems that provide settlement at different points in the day.
Payments and transaction processing systems - Global and Indian OverviewAkshay Kaul
This document provides an overview of global and Indian payment and transaction processing systems. It discusses the global regulatory framework established by the Bank for International Settlements and the regulatory framework in India established by the Reserve Bank of India. It describes how banks transact with each other using real-time gross settlement systems like RTGS and net settlement systems like NEFT. It also outlines how customers transact through conventional and electronic modes like mobile banking. Specialized companies operating in various areas of the industry are discussed as well as the market share and critical success factors of different payment modes. Risks to payment systems are also addressed.
Core banking systems : by yogesh khatriyogesh khatri
Core banking allows customers to access their bank accounts and perform basic transactions from any member bank branch through networked computers and telecommunication technology. Before core banking in the 1970s, transactions would take at least a day to be reflected in accounts as each branch had local servers and data was sent to central servers daily. Now most banks use core banking applications so all branches can access centralized data centers in real-time.
This document provides information about the evolution of core banking systems from earlier total branch automation systems. It describes how core banking allows for real-time sharing of customer information and processing of transactions across branches through centralized data centers and networking. The core banking system provides many benefits like centralized accounting, product monitoring, introduction of new technology-based services, and improved customer service by allowing customers access to their accounts from any branch.
The document discusses the evolution of bank automation in India from 1981 onwards. It outlines key components of a core banking system including centralized data processing, banking application software, hardware, and network infrastructure that allow round-the-clock processing of all bank products and services. This automation provides customers with 24/7 access to services like ATMs, internet banking, mobile banking, and enables back-office functions such as transactions recording and interest calculations.
Core banking solution (CBS) is a centralized banking system that allows integrated access to account information and facilitates fund transfer between branches. It consists of application servers, database servers, ATM servers, internet banking servers, and other components connected over a secure network. CBS provides advantages like centralized operations, improved services, and security, but also risks from technology failures or data breaches. It marks a shift from branch-based banking to banks serving customers as a unified whole.
Core banking chapter 4, benefits of core banking, essential requirements of core banking, suggestions for the co-operative banks to implement core banking system
This study notes will give you the complete knowledge about Centralized Online Real-Time Environment Banking System. From initially required knowledge to like how the bank works with the list of primary operation it also explains the detailed architecture of banking system with all relevant parameters. In addition, it also gives you the detail like audit procedure with relevant controls. Also gives you the required knowledge of IT Act and Cyber Frauds and more.
Core banking and electronic clearance settlement systemRoy Thomas
Core banking systems allow banks to process transactions in real-time across branches by connecting all branches to a centralized database. This allows deposits to immediately be reflected on bank servers and accessible from any branch. It also enables banks to provide comprehensive banking services to corporate customers. Electronic clearance and settlement systems facilitate the quick and efficient electronic transfer of funds and securities between financial institutions by removing the need for paperwork. There are different types of systems including net settlement, real-time gross settlement, and hybrid systems that provide settlement at different points in the day.
Payments and transaction processing systems - Global and Indian OverviewAkshay Kaul
This document provides an overview of global and Indian payment and transaction processing systems. It discusses the global regulatory framework established by the Bank for International Settlements and the regulatory framework in India established by the Reserve Bank of India. It describes how banks transact with each other using real-time gross settlement systems like RTGS and net settlement systems like NEFT. It also outlines how customers transact through conventional and electronic modes like mobile banking. Specialized companies operating in various areas of the industry are discussed as well as the market share and critical success factors of different payment modes. Risks to payment systems are also addressed.
This document discusses core banking systems. It defines core banking as streamlining banking operations through a centralized system located at a data center. This allows for easy data retrieval and tracking of all transactions from a single place. The document also lists the key components of a core banking system including software, hardware, security devices and connectivity. It describes advantages such as empowering management, providing real-time updates and facilitating new services. Potential disadvantages include being reliant on technology and requiring dedicated IT support. The document recommends core banking systems to improve customer satisfaction, boost productivity, enhance competition and loyalty. It promotes Sesame as a leading core banking solutions provider in India with over 24 years of experience.
This document provides an overview of core banking presented by P.R. Kulkarni, Managing Director of Fluent Consultants Pvt. Ltd. It defines core banking as connecting branch computers to a central computer to record all transactions in real-time. The advantages discussed include centralized accounting, product control, introduction of technology services, centralized customer management, and improved functions for head office, credit, accounts, IT, branches, and customers. Components, software selection, hardware selection, data center requirements, connectivity, security, costs, risks, and policies are also outlined.
Mobile banking allows customers to conduct banking transactions through their mobile phones. It offers conveniences like funds transfers, bill payments, and account access anywhere, anytime. Banks have adopted mobile banking to reduce infrastructure costs and provide modern services to their growing customer bases. Customers can use mobile banking through SMS, mobile applications, or phone calls to banks' customer service lines. While convenient, mobile banking also raises security and reliability concerns that banks must address.
This document provides an overview of core banking presented by P.R. Kulkarni, Managing Director of Fluent Consultants Pvt. Ltd. It defines core banking as connecting branch computers to a central computer at a data center to record all branch transactions in real-time at a single location. The document outlines numerous advantages of core banking for banks, customers, branches and various bank departments. It also discusses components, software selection, hardware selection, data center requirements, connectivity, security considerations, costs and risks of implementing a core banking system.
Mobile banking allows customers to perform financial transactions through a mobile device application connected to their bank accounts. It provides services like balance checks, funds transfers, bill payments, and transaction alerts. Banks promote mobile banking to improve customer service and satisfaction while reducing operating costs. From the customer perspective, mobile banking offers convenience of accessing bank accounts anytime, anywhere. Security measures include encrypting transmissions, user IDs, PINs, and OTPs. While services vary between banks, most major banks in India offer basic mobile banking services for free or low fees.
Commercial Banking - Challenges and OpportunitiesShihab Khalil
Commercial Banks are under tremendous pressure to innovate new products and become more competitive. This presentation shows a perspective on commercial banking and solutions.
The document discusses plans to improve a bank's information system. It analyzes the current system's strengths, weaknesses, opportunities, and threats. It then outlines goals of increasing customer satisfaction by allowing all operations to be done remotely via online and mobile banking. This would help the bank penetrate new international markets and rural areas in a faster, safer, and more cost-effective manner. A task plan is proposed to implement necessary changes to the system through tasks like requirement analysis, design, testing, and deployment.
The document discusses several core banking solutions including Finacle, TCS BaNCS, and FLEXCUBE. Finacle is a core banking product developed by Infosys that is used by over 450 million customers in 84 countries. TCS BaNCS automates all aspects of banking operations. FLEXCUBE is a universal banking solution from Oracle that offers core banking, retail banking, and direct banking modules. The solutions provide benefits such as centralized processing, multi-channel access, scalability, and cost reduction.
The banking sector in India has undergone rapid transformation in recent decades. With the entry of private players and new technologies like ATMs, internet banking, and mobile banking, consumers now have many convenient options beyond traditional branch banking. Looking ahead, the Reserve Bank of India plans to introduce new payment systems like a domestic debit/credit card network and a real-time 24/7 funds transfer system to modernize banking infrastructure and increase financial inclusion. Future banking is expected to be defined by greater technological innovation and the development of India's own domestic payment systems.
This document is a project report submitted by Shruti Mathur for her Bachelor of Management Studies degree. The report covers various topics related to internet banking in India including a history of banking in India, features and role of internet banking, products and services offered by Indian banks, risks involved, pros and cons of internet banking, challenges for banks and regulators, impact of e-transactions, uses of computers in banks, credit card frauds, banks' control of online banking, a case study on State Bank of India, and the future of banking. The report contains references, a bibliography, and questionnaires used for primary data collection.
Global Payment System- Reference ArchitectureRamadas MV
The document does not contain any text to summarize. It only contains the abbreviation "ST" which provides no context or meaningful information to summarize in 3 sentences or less.
This document provides an overview of banking management software. It defines banking as accepting deposits from the public that are repayable on demand. The primary functions of a bank include accepting deposits, advancing loans and credit, and facilitating investment. The document then describes the user authentication process and includes flow charts demonstrating how the software would allow users to perform tasks like opening a new account, making deposits and withdrawals, and modifying account details. It also provides examples of how the software could store customer and staff data and manage transactions.
Internet banking allows customers to conduct financial transactions online through secure websites or mobile apps. It was first introduced in the United States in 1994 and later adopted in India, with ICICI Bank being the first to offer internet banking services there in 1997. Customers can use internet banking to pay bills, shop online, book tickets, and access other banking services conveniently from anywhere at any time. While it offers benefits of convenience and lower costs, security risks require banks and customers to take precautions like using encrypted connections and not disclosing login credentials.
A concise overview of the retail banking business in the United States. Part of a continuing series of presentations on the financial services industry.
Cheque truncation is a system of cheque clearing and settlement between banks based on electronic cheque images instead of physical cheques. It allows for faster cheque processing and settlement. Under cheque truncation, when a cheque is deposited, the physical cheque is truncated and replaced with digital images. These images are sent electronically between banks to clear payment. This reduces clearing time from days to just one day and lowers processing costs for banks and customers. It enables innovative banking services and faster funds availability.
This document contains syllabus information for modules in risk management at IBS Business School in Mumbai. Module C covers treasury management, instruments in the treasury market, development of new financial products, and control and supervision of treasury management. It also discusses asset-liability management, interest rate risk, and hedging instruments. Module D covers capital adequacy, asset classification, profit planning, and measures to improve profitability. The document also provides details on money market instruments like certificates of deposit, commercial paper, treasury bills, and their features. It discusses the treasury function and integrated treasury management.
Core banking systems allow banks to provide integrated banking services to customers across branches through a centralized system. It removes geographical limitations and provides services such as deposits, withdrawals, payments processing, customer onboarding, and loans through multiple channels like mobile and online banking. Core banking solutions provide advantages like improved operations, reduced errors, easy product management and a centralized view of customer information.
This presentation discusses Know Your Customer (KYC) norms and procedures. It aims to understand the meaning of KYC, examine the forms used by banks, analyze the core elements of KYC and when it is required. It also highlights the advantages of KYC in preventing money laundering, identity theft, and financial crimes while enabling banks to better understand customers. The presentation covers the stages of money laundering, risks to banks, and the importance of customer due diligence, identifying suspicious transactions, and complying with laws to prevent money laundering.
Technology has transformed the banking industry by opening new markets through online and mobile banking platforms, increasing the speed of financial transactions globally, and allowing banks to meet the demands of more tech-savvy customers. Key technologies include mobile banking, payments, and remote check deposit, social media integration, and personal financial management tools to help customers track spending. Technology also facilitates new delivery channels like ATMs and online banking while enhancing security and fraud prevention.
Core Banking Solution PPT of TCS and SBIRajesh Kumar
State Bank of India decided to migrate to a core banking solution to address challenges from its existing branch systems and gain technological advantages. It selected Tata Consultancy Services' CBS product, TCS BaNCS, which is implemented on the HP Superdome platform. The migration involved setting up data centers, establishing disaster recovery, and conducting testing to handle over 100 million accounts. SBI realized benefits like improved efficiency, consistency, risk mitigation, and ability to gain a single customer view across its large branch network from the core banking migration project with TCS BaNCS.
The Presentation for Chartered Accountants for Statutory Bank Branch Audit in Core Banking Software (CBS) Environment - Finacle from Infosys - Focus on Menus and Reports
This document discusses core banking systems. It defines core banking as streamlining banking operations through a centralized system located at a data center. This allows for easy data retrieval and tracking of all transactions from a single place. The document also lists the key components of a core banking system including software, hardware, security devices and connectivity. It describes advantages such as empowering management, providing real-time updates and facilitating new services. Potential disadvantages include being reliant on technology and requiring dedicated IT support. The document recommends core banking systems to improve customer satisfaction, boost productivity, enhance competition and loyalty. It promotes Sesame as a leading core banking solutions provider in India with over 24 years of experience.
This document provides an overview of core banking presented by P.R. Kulkarni, Managing Director of Fluent Consultants Pvt. Ltd. It defines core banking as connecting branch computers to a central computer to record all transactions in real-time. The advantages discussed include centralized accounting, product control, introduction of technology services, centralized customer management, and improved functions for head office, credit, accounts, IT, branches, and customers. Components, software selection, hardware selection, data center requirements, connectivity, security, costs, risks, and policies are also outlined.
Mobile banking allows customers to conduct banking transactions through their mobile phones. It offers conveniences like funds transfers, bill payments, and account access anywhere, anytime. Banks have adopted mobile banking to reduce infrastructure costs and provide modern services to their growing customer bases. Customers can use mobile banking through SMS, mobile applications, or phone calls to banks' customer service lines. While convenient, mobile banking also raises security and reliability concerns that banks must address.
This document provides an overview of core banking presented by P.R. Kulkarni, Managing Director of Fluent Consultants Pvt. Ltd. It defines core banking as connecting branch computers to a central computer at a data center to record all branch transactions in real-time at a single location. The document outlines numerous advantages of core banking for banks, customers, branches and various bank departments. It also discusses components, software selection, hardware selection, data center requirements, connectivity, security considerations, costs and risks of implementing a core banking system.
Mobile banking allows customers to perform financial transactions through a mobile device application connected to their bank accounts. It provides services like balance checks, funds transfers, bill payments, and transaction alerts. Banks promote mobile banking to improve customer service and satisfaction while reducing operating costs. From the customer perspective, mobile banking offers convenience of accessing bank accounts anytime, anywhere. Security measures include encrypting transmissions, user IDs, PINs, and OTPs. While services vary between banks, most major banks in India offer basic mobile banking services for free or low fees.
Commercial Banking - Challenges and OpportunitiesShihab Khalil
Commercial Banks are under tremendous pressure to innovate new products and become more competitive. This presentation shows a perspective on commercial banking and solutions.
The document discusses plans to improve a bank's information system. It analyzes the current system's strengths, weaknesses, opportunities, and threats. It then outlines goals of increasing customer satisfaction by allowing all operations to be done remotely via online and mobile banking. This would help the bank penetrate new international markets and rural areas in a faster, safer, and more cost-effective manner. A task plan is proposed to implement necessary changes to the system through tasks like requirement analysis, design, testing, and deployment.
The document discusses several core banking solutions including Finacle, TCS BaNCS, and FLEXCUBE. Finacle is a core banking product developed by Infosys that is used by over 450 million customers in 84 countries. TCS BaNCS automates all aspects of banking operations. FLEXCUBE is a universal banking solution from Oracle that offers core banking, retail banking, and direct banking modules. The solutions provide benefits such as centralized processing, multi-channel access, scalability, and cost reduction.
The banking sector in India has undergone rapid transformation in recent decades. With the entry of private players and new technologies like ATMs, internet banking, and mobile banking, consumers now have many convenient options beyond traditional branch banking. Looking ahead, the Reserve Bank of India plans to introduce new payment systems like a domestic debit/credit card network and a real-time 24/7 funds transfer system to modernize banking infrastructure and increase financial inclusion. Future banking is expected to be defined by greater technological innovation and the development of India's own domestic payment systems.
This document is a project report submitted by Shruti Mathur for her Bachelor of Management Studies degree. The report covers various topics related to internet banking in India including a history of banking in India, features and role of internet banking, products and services offered by Indian banks, risks involved, pros and cons of internet banking, challenges for banks and regulators, impact of e-transactions, uses of computers in banks, credit card frauds, banks' control of online banking, a case study on State Bank of India, and the future of banking. The report contains references, a bibliography, and questionnaires used for primary data collection.
Global Payment System- Reference ArchitectureRamadas MV
The document does not contain any text to summarize. It only contains the abbreviation "ST" which provides no context or meaningful information to summarize in 3 sentences or less.
This document provides an overview of banking management software. It defines banking as accepting deposits from the public that are repayable on demand. The primary functions of a bank include accepting deposits, advancing loans and credit, and facilitating investment. The document then describes the user authentication process and includes flow charts demonstrating how the software would allow users to perform tasks like opening a new account, making deposits and withdrawals, and modifying account details. It also provides examples of how the software could store customer and staff data and manage transactions.
Internet banking allows customers to conduct financial transactions online through secure websites or mobile apps. It was first introduced in the United States in 1994 and later adopted in India, with ICICI Bank being the first to offer internet banking services there in 1997. Customers can use internet banking to pay bills, shop online, book tickets, and access other banking services conveniently from anywhere at any time. While it offers benefits of convenience and lower costs, security risks require banks and customers to take precautions like using encrypted connections and not disclosing login credentials.
A concise overview of the retail banking business in the United States. Part of a continuing series of presentations on the financial services industry.
Cheque truncation is a system of cheque clearing and settlement between banks based on electronic cheque images instead of physical cheques. It allows for faster cheque processing and settlement. Under cheque truncation, when a cheque is deposited, the physical cheque is truncated and replaced with digital images. These images are sent electronically between banks to clear payment. This reduces clearing time from days to just one day and lowers processing costs for banks and customers. It enables innovative banking services and faster funds availability.
This document contains syllabus information for modules in risk management at IBS Business School in Mumbai. Module C covers treasury management, instruments in the treasury market, development of new financial products, and control and supervision of treasury management. It also discusses asset-liability management, interest rate risk, and hedging instruments. Module D covers capital adequacy, asset classification, profit planning, and measures to improve profitability. The document also provides details on money market instruments like certificates of deposit, commercial paper, treasury bills, and their features. It discusses the treasury function and integrated treasury management.
Core banking systems allow banks to provide integrated banking services to customers across branches through a centralized system. It removes geographical limitations and provides services such as deposits, withdrawals, payments processing, customer onboarding, and loans through multiple channels like mobile and online banking. Core banking solutions provide advantages like improved operations, reduced errors, easy product management and a centralized view of customer information.
This presentation discusses Know Your Customer (KYC) norms and procedures. It aims to understand the meaning of KYC, examine the forms used by banks, analyze the core elements of KYC and when it is required. It also highlights the advantages of KYC in preventing money laundering, identity theft, and financial crimes while enabling banks to better understand customers. The presentation covers the stages of money laundering, risks to banks, and the importance of customer due diligence, identifying suspicious transactions, and complying with laws to prevent money laundering.
Technology has transformed the banking industry by opening new markets through online and mobile banking platforms, increasing the speed of financial transactions globally, and allowing banks to meet the demands of more tech-savvy customers. Key technologies include mobile banking, payments, and remote check deposit, social media integration, and personal financial management tools to help customers track spending. Technology also facilitates new delivery channels like ATMs and online banking while enhancing security and fraud prevention.
Core Banking Solution PPT of TCS and SBIRajesh Kumar
State Bank of India decided to migrate to a core banking solution to address challenges from its existing branch systems and gain technological advantages. It selected Tata Consultancy Services' CBS product, TCS BaNCS, which is implemented on the HP Superdome platform. The migration involved setting up data centers, establishing disaster recovery, and conducting testing to handle over 100 million accounts. SBI realized benefits like improved efficiency, consistency, risk mitigation, and ability to gain a single customer view across its large branch network from the core banking migration project with TCS BaNCS.
The Presentation for Chartered Accountants for Statutory Bank Branch Audit in Core Banking Software (CBS) Environment - Finacle from Infosys - Focus on Menus and Reports
This document provides an introduction to Finacle, a core banking solution developed by Infosys. It discusses that Finacle allows banks to provide centralized, real-time banking services to customers through online access from branches. The objectives of implementing Finacle include competing with other banks, improving customer service, and enhancing monitoring and reporting. Finacle provides advantages to both customers, such as faster payments and banking from any location, and banks, including uniform platforms and reduced fraud. The document outlines user access levels in Finacle and various transaction functions within accounts.
Rather than shy away from some of the more efficient non-core funding techniques, we believe it wise to make certain your Board and your Examiners understand what is being accomplished through the use of wholesale funding tactics and our third webinar on the ALCO Process is designed to describe an approach to this issue. We will provide guidance on:
1. Where to describe your strategy.
2. Limits to place on non-core funding.
3. Reporting the use of non-core funding.
4. Non-core funding products and services that are in use today.
5. Pros and Cons of these funding sources.
Core banking provides several advantages for banks including more effective use of professional staff, more convenient banking for customers anywhere via ATMs and online/mobile banking, and cost savings from reduced branch staff by 15-20% due to electronic transactions. It also allows for quicker policy implementation, increased work speed and business opportunities, and frees up staff for marketing and recovery through automated processes and instant access to information.
The document discusses the scope and procedures for bank concurrent audits. It describes concurrent audits as intended to supplement internal bank checks, reduce the time between transactions and examination, and improve bank functioning. The scope includes verification of advances, deposits, housekeeping, revenue leakage, foreign exchange transactions, and other key areas. General audit procedures involve both on-site and off-site verification and documentation. Essential documentation and records for concurrent audits are also outlined.
This document contains Aditya Parmar's resume. It summarizes his contact information, career objective, educational background, and employment history. His career objective is to contribute to organizational goals while ensuring personal growth. Educationally, he has a PGDM and BBA. Work experience includes roles at Tata CleanTech Capital Ltd since 2016 and Tata Capital Financial Services from 2015-2016, where he specialized in renewable energy, project finance, and operations.
The document discusses the changes to the banking audit environment due to the widespread adoption of information technology. It notes that while the basic tenets of audit remain the same, the role, focus, and scope of audit have changed significantly. IT has transformed how businesses operate and how value is delivered to customers. This has chemical changed the audit environment. The document outlines the banking applications used today like core banking solutions. It discusses the impact of IT on internal controls and auditing, as well as challenges faced by auditors in a computerized environment like lack of paper trails and difficulties in evidence collection. Controls in IT systems and the various information security risks banks face are also summarized.
This document outlines the requirements for a learner profile assignment, which includes:
1) Describing the learner's background in 20-25% of the profile.
2) Evaluating the learner's current linguistic proficiency by assessing their skills and conducting a phonological analysis.
3) Making recommendations for future language development based on strengths, weaknesses, and key learning needs.
4) Creating a scheme of work and lesson plan(s) based on the evaluation and addressing identified learning needs.
5) Analyzing and reflecting on the lesson taught and concluding the overall learner profile.
Core banking solutions allow customers to access their bank accounts and perform transactions from any branch by merging communication and information technologies. This includes recording transactions, maintaining records and accounts, and calculating interest. Finacle is an example of a core banking solution that is web-based, supports multiple languages and currencies, and facilitates 24/7 operations across channels. It can process over 11,000 transactions per second.
As the bank was using a standalone application for opening bank accounts, it faced several challenges such as a cumbersome process, redundant data, time-intensive processing and a rigid workflow. Newgen provided a BPM-enabled workflow platform that integrated with the bank's core banking system and other applications. This streamlined the account opening process, improved turnaround times, enabled easier verification of customer data, and provided a future-ready solution. The benefits have led the bank to plan implementing other processes on the same platform.
The document discusses how TCS BaNCS provides a universal financial platform to enable transformation in financial services. It offers an integrated suite of banking, capital markets, and insurance solutions that are pre-configured and customizable. The platform uses modern architectures like service-oriented and event-driven designs to integrate solutions across value chains. It has been implemented for over 280 customers in 80 countries to provide core banking, payments, compliance, and other functions to support financial institutions.
Agricultural co operative societies by Mr. Subramanian SSubramanianS95
This document discusses strategies for developing agricultural cooperative societies in India. It defines agricultural cooperatives as organizations owned by farmers that help market commodities and promote economic growth. It outlines the roles of cooperatives such as technology transfer, fertilizer production, irrigation, marketing of agricultural produce, credit provision, and equitable agricultural development. It notes the basic cooperative structure includes national, state, primary, and district levels. Reasons for slow progress include farmer indebtedness and lack of funds/hospitality. Recommended strategies to strengthen the sector include developing good marketing cooperatives, supporting small farmers, diversifying activities, building storage, hiring qualified staff, and providing training.
This document discusses various cooperative organizations that operate in rural areas in India. It defines a cooperative organization as one that promotes the economic interests of its members according to cooperative principles. It describes several cooperative organizations that provide various services to rural communities like agricultural credit, marketing and storage facilities, and socioeconomic development. Some organizations discussed include the Shri Mahila Griha Udyog Lijjat Papad cooperative, Jan Vikas cooperative society, Lokmanya cooperative credit society, Tribal Cooperative Marketing Development Federation of India, National Agricultural Cooperative Marketing Federation of India, and National Tree Growers Cooperative Federation.
The document summarizes priority sector lending in India. It defines priority sectors as areas of the economy that are prioritized for funding by the government and central bank. Banks are directed to provide loans to these sectors at reduced interest rates to promote their development. The priority sectors include agriculture, small businesses, education and housing. The document outlines the sectors and challenges they face, as well as the role of priority sector lending in addressing issues like unemployment and poverty. It discusses targets for priority sector lending and how the Reserve Bank of India monitors compliance.
This document provides an overview of banking cooperatives, including their structure, features, objectives, importance, functions, principles, and products/services. It discusses how cooperative banks are owned and controlled democratically by their members. They aim to serve members' needs rather than maximize profits. The document also summarizes the structure of cooperative banking in India and provides examples of specific cooperative banks in India, including their history and objectives.
The document summarizes the Pradhanmantri Jan Dhan Yojana (PMJDY) financial inclusion scheme launched by the Indian government in 2014. The key objectives of PMJDY are to bring financially excluded individuals into the banking system, expand access to banking in both urban and rural areas, and help raise the Indian economy. The scheme allows opening bank accounts with zero balance requirements and provides benefits like accident and medical insurance as well as overdraft facilities. However, there are also challenges around funding the banking correspondent model and increasing transaction volumes per new account.
Pathway Lending, the Tennessee Bankers Association, and the Tennessee Housing Development Agency are working together to identify qualified developers, underwrite loan requests, and participate loans with Subscribing banks.
These loans provide developers with a long-term, fixed rate, permanent mortgage for their Low-Income Housing Tax Credit awarded developments. These loans also play a major role in improving economic conditions, incomes, taxes, and jobs in low-income communities across Tennessee.
Introduction To Financial Statements And AuditMobasher Ali
The document provides an introduction to financial statements and auditing. It discusses the purpose of financial statements which is to provide useful information to users for decision making. A complete set of financial statements includes a balance sheet, income statement, statement of changes in equity, cash flow statement, and notes. The document also outlines the regulatory requirements for auditing financial statements in Pakistan for various types of entities. The objective of an audit is to express an opinion on whether the financial statements present fairly in accordance with accounting standards.
This document provides an overview of core banking solutions (CBS) and the Finacle software. CBS allows customers to bank from any branch through network connectivity. Key benefits are centralized work, reduced redundancy and staff, and ability to launch new products quickly. Major CBS software include Finacle by Infosys, BANCS by TCS, and Oracle. Finacle is used globally by many banks. The document outlines various commands and screens in Finacle, BANCS, and Oracle for functions like accounts, deposits, loans, reports and more.
This document provides information on the various cash management, collection, disbursement, payroll and other solutions offered by LANDBANK to institutional clients. It describes services like internet banking, funds transfer, bills payment, account sweeping, auto-crediting and debiting facilities. It also outlines collection solutions like branch deposits, debit pickup and POS terminals. Disbursement options mentioned are auto-credit, check printing and credit cards. Payroll services include delivery and crediting to accounts. Other services covered are mobile and express access machines, as well as upcoming projects like a payment portal and mobile app.
AI-empowered Omnichannel Digital Banking PlatformBanQ Systems
Leading edge omnichannel digital banking platform
- AI/ML-empowered
- Open API (compliance with PSD2 directive)
- Centralized product control
- Secure Operation
- Emphasis on Usability
- Significantly lower TCO, compared to the market
- Modular architecture
The document describes the features and benefits of a mobile banking app. It allows customers to check balances, review transactions, transfer money, pay bills, and find ATM locations from their smartphone. The app works on iPhone, Android, and Blackberry devices. To enroll, customers visit the bank's website and download the app. They then enter their account information and set up a username and password. The app provides secure access to accounts anytime, anywhere. It uses GPS to locate the nearest ATMs and protects customer information.
SBI has opened a new dedicated branch for startups in Koramangala, Bengaluru. The branch provides tailored banking and financial solutions to startups across sectors like IT, biotech, food processing etc. It offers services like loans, deposits, treasury solutions, investment options, digital banking platforms, and employee benefits. The goal is to be a one-stop destination for all startup needs under one roof by facilitating access to funding, credits, experts and the startup ecosystem.
IDOS enables you to process accounting transactions accurately and in compliance to rules. It reduces re-work, rectification, reconciliation and cancellation of transactions by simplifying the transaction processing and enabling any employee process accounting transactions, even without prior accounting skill, experience or knowledge of the rules.
IDOS enables business owners, managers and auditors to effectively implement internal controls in processing transactions in a very simple manner. It even permits making revisions in these controls in real-time and further enables setting up specific rules for any specific branch or user.
IDOS provides real-time financial information for CEO's, CFO's, Finance Managers and other decision makers and enables them to take informed decisions in real-time.
Saeed Fayyaz has 7 years of experience in consumer banking, focusing on loan and card operations, cash operations, and check clearing. He has worked at Samba Financial Group in Dubai as a Documentation Controller Specialist, handling personal loans, credit cards, payments, and loan documents. He also worked at Mashreq Bank processing acknowledgments and scanning files. He has a Bachelor's degree in Business Administration Finance and knowledge of English, Urdu, Punjabi, and basic Arabic.
This document provides a functional overview of the Compass Portfolio+ system. It describes the key components and features of the system, including order management, credit management, risk management, reporting, and accounting. It also outlines the system's coverage of financial products and currencies, portfolio hierarchy configuration, user access security, audit trail functionality, and risk management capabilities.
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Payment create a ppr for multiple legal entities (eft)Kotesh Kumar
This document provides instructions for creating a single electronic funds transfer (EFT) payment process request (PPR) to pay invoices from multiple legal entities in Oracle Payables. The steps include entering at least two invoices from different legal entities, creating and submitting a PPR specifying the legal entities and payment attributes, reviewing the selected invoices, assigning bank accounts to the invoices, and reviewing the generated payment instructions. A flowchart is also provided.
Use Cases_Industry wisuigkillhihkjbkhjgyufgjgjgangalakshmihp
This document discusses various use cases for automating banking processes using robotic process automation (RPA). It describes how RPA can be used to automate reconciliation activities like branch reconciliation, cards reconciliation, and ATM reconciliation. It also discusses automating end-to-end ATM dispute management and POS dispute processes. Other areas mentioned for automation include credit card contact centers, audit confirmation reports, loan account opening, and KYC/AML processes. The document highlights benefits of RPA like reduced errors, handling higher volumes, and freeing up staff for more valuable tasks.
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2. Bank Audit Through CBS
Disclaimer
!
These are our personal views and can not (rather shall
not) be construed to be a Professional Advice, and be
acted upon. You may retain any Benefit, accruing to
you, out of the same.
!
No representation or warranties are made by the
Professional with regard to this presentation.
!
This presentation may not be reproduced in part or in
whole, in any manner or form, without our written
permission.
3. Are You Familiar with ? ...
!
Banking Systems - with ????? NPAs
!
Computer Network, Internet, - with Hackers Next Door
!
Mobile, Sorry, Smart Phone - CA Firm@Pune Duped by Rs. 79 Lacs.
Bank Audit Through CBS
4. Today the Computer is taking Centre Stage of Banking,
!
and leading all the Good (?) / Fast (√ ) results.
!
✓ Goodies are ATMs / Cr. Cards / Debit Cards / Online Banking & many more...
!
Are we prepared to understand what this means?
!
A slight neglect may result in anything…
Bank Audit Through CBS
5.
6. Fund Based Advances
!
D CC - Demand Cash Credit
!
S OD - [Secured] Over Draft
!
Ad hoc Over Draft
!
EPC - Export Packing Credit
(Purchase Order Defacing)
!
TL - [Open] Term Loan
Non Fund Based Advances
!
BG - Bank Guarantee
!
Revolving BG
!
LC/LSC - Letter of [Small] Credit
!
Bill Discounting (Usanse /
Collection / Sight)
!
Buyers Credit
Banking and Advances
Bank Audit Through CBS
or the Line of Credit!
7. • Core Banking Solutions are
!
– typically relational database management packages with a GUI
!
– Programmes are used to
• Automate number crunching,
• Validating,
• Locking / authorising limits
• Consolidating
!
Bank Audit Through CBS
9. CBS is Distinguished from
LAN, which is total branch automation
Bank Audit Through CBS
Parameter! CBS! LAN!
!Data Storage! on Line Local!
Updation on Line Local
Controls Web Based App Controlled
Reports Web Based / Stored Live
Backup Web Based / on Line Local
10. The Prime CBS Vendors
!
Finacle from Infosys -
!
Bank of Baroda, Bank of India, Union Bank of INdia,
IDBI Bank, ICICI Bank, Axis Bank, Vijaya Bank, Uco
Bank, Punjab National Bank
!
B@ncs from TCS -
!
State Bank of India and Associates, Allahabad Bank,
Bank of Maharashtra, Central Bank of India.
!
FlexCube from iFlex -
!
HDFC Bank
/ Banking Services in India
s Software) - iFlex
prise
al / Banking Services in India
ces Software) - iFlex
Banking Software for Financial / Banking Services in India
s - Finacle
Bancs
FSS (Oracle Financial Services Software) - iFlex
NOS - Temenos T24
- Intellect suite
ial / Banking Services in India
ices Software) - iFlex
Bank Audit Through CBS
13. Bank Audit Through CBS
Key Function
F1 Field Level Help
F2 List the Codes in a particular Field
F3 / Esc Quit / Back / Escape
Shift + F3 Completely Quit / Bring Back to Main Menu
F4 ACCEPT and validate the Value and Move to next Field
F5 Send the Screen to Background (visit other Menu item)
F6 Next Block / Next Page
F8 Copy a Record
F9 View Signature
F10 Commit, Update Database Records
F11 Next Field
F12 Previous Block
Finacle F
Keys
14. Bank Audit Through CBS
Key Sets Function
Tab / Enter Go to Next Valid Field
Shift + Tab Go to Previous Valid Field
Control + Next Record
Control + Previous Record
Control + F9 MEMO Pad Look up
Control + U Page Up in List
Control + D Page Down in List
Control + E Explode / Drill Down / Details
Control + F Flush / Clean / Clear Field Contents
Control + X Current Date (or BoD)
Shift + F4 Select From List
Finacle Keys
15. Bank Audit Through CBS
Menu Function
ACLI Account Ledger Inquiry
ACI ACLI, then Control+E
(EMI, No of Instalments, Over-Due in A/c)
CUS Customer Selection on Criterion
(Y for TDS Exempted List)
CUMI / CUMM Customer Master Inquiry / Maintenance
ACM Account Master - for Basic Details
ACS Account Selection - with Criterion
Customer / Ledger Inquiry
Finacle
16. Bank Audit Through CBS
Menu Function
INTTM Interest Table Master (Deposit / Advances)
AINTRPT Interest Report for Loan A/cs
ACINT Verify running Interest Calculation
TM, TI Transaction Maintenance / Transaction Inquiry
(Transaction ID and Date used for Inquiry)
FTI Financial Transaction Inquiry on Criterion
ACLPOA Account Ledger Print Office Account for Printing
PSP Pass Sheet Print - for Printing A/c Statement
IOT Inquiry on Transaction - Reversals, Suspense A/c etc.
Interest Inquiry / Transaction Inquiry
Finacle
17. Bank Audit Through CBS
Menu Function
SRM Security Register Maintenance
for Drawing Power, Stock Statement Submission, Insurance
Coverage, Last Valuation Date.
ALM A/c Lien Maintenance
for preventing inconsistant transactions
ACTODM A/c TOD Maintenance
System Generated or User Generated,!
Single Type, Running Type (Period Based) or Ad-hoc Type
(Period based)
Loan Inquiry / Security Inquiry
Finacle
18. Bank Audit Through CBS
Menu Function
LAOPI Loan & Advance Overdue Position Inquiry
Principal and Interest of a Loan A/c
LTL, LNDI Limit Tree Lookup, Limit Node Inquiry
ACLHM A/c Limit History Maintenance
Verify History of Drawing Power and Sanctioned Limit
CHLMT Change in Sanction Limit
ODFDREP Report for Matured OD / FD Accounts
PCFCBAL Packing Credit FC Balancing Report
Loan Overdue / Limit Inquiry
Finacle
19. Bank Audit Through CBS
Menu Function
INQLADC Loan Document Expired Report
STKSTMT Stock Statement not Received
PLIST Pending Instalments List
ACTI, ATOR A/c Turnover Inquiry / Report
INSEXPD, INSTOEXP Insurance Expired Report
LAROR Loan A/c Not Reviewed
LFAR Schedules/ Audit Inquiry
Finacle
20. Bank Audit Through CBS
Menu Function
BM, BI Bill Maintenance, Bill Inquiry
Inland Bills, Cheque Purchased, Sent for Collection
FBM Foreign Bill Maintenance
FBI Foreign Bill Inquiry - on Various Criterions
FBP! Foreign Bill Inquiry - Printing
BRBPR Balancing Report for Bills Purchased Inland, Status
BRCR Balancing Report for Bills on Collection Inland, Status
FBBR Balancing Report for Foreign Bills, Status
Bills Inquiry
Finacle
21. Bank Audit Through CBS
Menu Function
GILR Guarantee Issued Liability Register
BGMARGIN BG Margin Printing
GENR Guarantee Expired not Reversed
GIPNP Guarantee Invoked not Paid
DCQRY, DCSTMT Documentary Credit Issued Query
DCEXPLST,
DCLIABRG
Documentary Credit Expired, !
Documentary Credit Liability Register
CHGIR Charges Income Register
Bank Guarantee / Letter of Credit
Finacle
22. Bank Audit Through CBS
Menu Function
ISAR Inter Sol Audit Report (Inter Branch)
ISTR Inter Sol Transaction Report (Inter Branch)
IRM Inward Remittance Maintenance
ORM Outward Remittance Maintenance
LKRCM, LKTRM Locker Rent Change Collection Maintenance
TDSIP TDS Inquiry and Print
TDSREP Customer wise TDS Report
Misc. Reports
Finacle
23. TCS B@NCS Sample Screen
Bank Audit Through CBS
Main !
Menu
Help,
Cancel, Previous,
Next Keys
Shortcut
Menus (Icons)
!
Collapse All Menus
Button
Deposit
/ CC / OD
Accounts
DL /
TL Accounts &
Services
24. Bank Audit Through CBS
Customer Management—> Function
Enquiries—> Search by CIF No. Search
Enquiries —> Search by ID No. Search
Enquiries —> Search by Name Search
Relationship / Ownership—> Associated
Accounts
Linked Accounts
Customer Reports
TCS B@NCS
25. Bank Audit Through CBS
Deposit / CC / OD A/c Master—> Function
Enquiries—> Deposit / CC / OD A/c Verify A/c Details
Enquiries —> Short Basic Enquiry
Enquiries —> Long Detailed Enquiry
Enquiries —> Transaction for Transaction Enquiry
Amend —> Pending Charges Pending Charges Details
Deposit / CC / OD A/c Master & Transactions
TCS B@NCS
26. Bank Audit Through CBS
Branch Accounting—> Function
Enquiries—> Account Enquiry
Enquiries —> Account No. Search Search by No.
Enquiries —> Transaction for Transaction Enquiry
Branch General Ledger & Transactions
TCS B@NCS
27. Bank Audit Through CBS
DL/TL Accounting & Services—> Function
Loan Tracking —> Operations To Change Interest Rate
Loan Processing —> Generate Repayment
Schedule —> Action - E
Print Repayment Schedule
Enquiries —> Short —> !
Option “Balance Breakup Enquiry”
To View Arrears & Breakup of
Principal, Interest
Securities (Primary / Collateral) —>
Customer—> Enquiry —> !
Enquire Security Summery
Find Collateral Details
Loan Module
TCS B@NCS
28. Bank Audit Through CBS
Menu Function
Valuable Paper Inventory System—> Enquiry
of VPIS —> General Enquiry
Check Inventory
Collection and Cheque Purchase —> Enquiries
—> Enquiries
Inquiry on Cheque purchased /
sent for collection
Misc Matters
TCS B@NCS
29. It may be noted that,
!
All Menu Codes, as discussed above, may not be
operative in Finacle / B@ncs in all the banks.
!
Again, some of these Menu Codes may be customised by
a particular Bank for its specific needs of CBS Environment.
Bank Audit Through CBS
30. !
Application Controls
!
Operating System Controls
!
Database Controls
!
Physical Checks
!
Logical Checks
!
Exception Reports
!
Red Flags
Bank Audit Through CBS
The CBS Audit can be elaborated as
31. !
!
DP / Limit Setting
!
Data Validation
!
Processing of Data
!
KYC Compliance
!
!
Computer & Internet
!
Parallel Systems
!
Maker & Checker
Application Controls
Bank Audit Through CBS
32. !
Roll Setting
!
Password Management
!
Authorisation Matrix
!
Computer Accessibility
!
Rating / Interest Rate
Classification Change authorisation
!
Exception Reports of Login
!
Login Matching with Leave
Logical Controls/ Access Controls
Bank Audit Through CBS
33. !
!
§ Filing of Followup Reports - FFR / QIS / Stock Statement in System
!
§ Major Transactions Report, Top 5 Dr, Top 5 Cr etc.
!
§ Cash Movements - from Bank to Chest, Account to Account etc.
!
§ Currency Chest vis-a-vis CBS Balance
Amendments,!
Data M
ining
Bank Audit Through CBS
34. Packing Cr released to CC - Charging of Interest
!
Bank Guarantee properly created/renewed i.e. date etc.
!
Term Loans instalments properly recorded in Master
!
Changes due to Credit Rating / Financial Statements
!
Management Change and RoC Filings etc.
!
Consortium Bankers & Drawing Power Intimation / MoM
!
Re-Valuation of Security at regular intervals, e.g 3 years.
Credit Facility
Bank Audit Through CBS
35. Timely Stock Audit, Revenue Leakage Audit
!
Cash and Bank Reconciliation, Joint Custody.
!
NPA, Income Recognition Asset Classification in System
!
Collection from Customers, which are Written Off
!
Comments of Inspection Committee, Last Years Report.
!
Pen Drive Policy. (Not to be used with CBS Terminal)
!
Location of Main Power Switch and Power Backup
Good Governance
Bank Audit Through CBS
36. Stock Reconciliation of Stationary etc.
(Stamps in name of Bank)
!
Advantage of Weak Internal Control
(Passwords communicated easily)
!
Multiple Loans on Same Property / Same Guarantor.
(Check Cersai / CIBIL Reports)
!
Every Security Provider should be Guarantor to Facility.
(Check all Ownerships and Guarantors)
!
Stamp Duty Payment should be in Proper Online Code.
Check Points
Bank Audit Through CBS
37. Equitable Charge Creation Document.
!
Registered Charge Creation, if any.
!
Registration of Equitable Charge, with Sub Registrar.
!
Cersai Registration of Charge.
!
Registration of Charge with Registrar of Companies, if any.
!
Registration / Boja on Property Card / City Survey Record.
!
Updating Data with CIBIL in Time.
Check Points in
Charge
Bank Audit Through CBS
38. Lien marking on FD for OD / BG / LC.
!
Window Dressing by Short Review, No Credits for Interest in CC/OD
!
Loan Against LIC Policy, Policy given to Customer for Money Back Claim -
Check Assignment.
!
Ad-hoc Limits - Finacle - effective even after given time period
Cases for Discussion
Bank Audit Through CBS
39. Everything we hear is an opinion, NOT a Fact
Everything we see is a perspective, NOT the Truth.
Bank Audit Through CBS
40. !
!
!
Giving Incomplete Information,
Documents
!
Addiction, Expensive Lifestyle
!
Heavy Funds / Cash Movement
!
Business Loss of Borrower
!
Clues in Title / Charges in Search for
Property
!
!
!
Parallel Systems / Classification
!
Facilities Sanctioned in March
!
No Staggered Disbursement
!
Old Quotations used
!
- ve Databases
The Red Flags
Bank Audit Through CBS
41. !
Indian Penal Code, 1861
!
Companies Act, 2013 (CARO)
!
The Banking Regulation Act,
1949
!
Exceptional Reports for RBI
!
!
Prevention of Corruption Act
!
Income Tax Act, 1961
!
Information Technology Act,
2000
!
Securitisation Act, (Taking
Possession of Property by Banks)
The Law for Audit, Fraud Enforcement
Bank Audit Through CBS