Finncore Project Without Itenary

8/6/2019 Finncore Project Without Itenary

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FINCOREBanking Solution

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Technical Team TRINUC LLC

1540,E Dundee Rd, Suite #110,Palatine,IL-60074


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About Fincore

Advantage Fincore

Solutions from Fincore

CaMag Cash Management System

CRM

E-Banking

LOS = Loan Origination System

Lending

LiqDep Liquid Deposit System

GetRich Wealth Management

Technology White Paper

Services

Implementation

Post-Implementation Support

User Understanding and Training



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Fincore, a SAP based universal banking solution from TRINUC, empowers financials institutions tomould their business agile with the new generation technology. This solution aims at grooming thesmall, medium and large banks and investment organizations.

Fincore has been technically architected out of four years of experience and input from global banksand offers several powerful features making it one of the most comprehensive, scalable and flexiblesolution.

AdvantageFincore

And Fincore provides the following advantages suffixed to its solution

Max GlobalizationBanks leveraging Fincore have enjoyed enhanced opportunities to grow exponentially and redefine thecompetitive landscape. They are geared to service the growing demand for cross border financial

offerings and comply with converging global regulatory mandates. They are also better empowered toovercome the obstacles posed by the paradigm shift taking place in the global economy and financialmarkets, as a result of the rise of emerging economies

Maximized Diversity

Armed with the Fincore edge, banks are empowered to proactively respond to new opportunitiespresented by rapidly evolving customer segments. They are armed with the tools to create newproducts, services and channels, and in many cases entirely new customer experiences, to addressthese new segments.

Maximized Innovation

Powered by Fincore, banks have taken innovation beyond the traditional realms of products andchannels, further into process and finally towards delivering a truly personalized and differentiatedcustomer experience.

Maximized Agility

Fincore enhances the banks ability to respond to opportunity with greater speed. It enables banks torapidly offer new products, services, strategies, processes and customer experiences that trulydifferentiate and build competitive advantage.

Minimized Cost

Banks, facilitated by Fincore, leverage the flat world forces to weed out inefficiencies and friction inevery aspect of business and achieve lean and agile business models. They capitalize on a solutionsenvironment that facilitates leveraging of global sourcing, process orchestration, process automation,legacy renewal and migration to a SoA based enterprise architecture. All this results in minimizing costof operations and achieves streamlined operating models.

Minimized RiskOn the technology transformation front, Fincore is a transformation agent with impeccable credentials,Partnering with Fincore, banks have successfully managed and minimized risk across thetransformational risk ecosystem. They have also leveraged the IT environment Fincore provides toimplement a holistic ERM strategy.



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Modules of Fincore

Using its robust model,Fincore has transformed todays banking role taking it a step ahead into thefuture.

Fincore has the spread its wings into the following areas of banking:

Cash Management

CRM

e-Banking

LOS Loan Origination System

Lending

LiqDep - Liquid Deposit System (Term/Recurring/Variable Deposits)

Wealth Management

Cash Management

This Web based Cash Management system has been devised to empower banks to offer theircorporate customers optimized Cash Management Solutions, by drastically improving their:

Funds Collection

Inflow forecasting

Speed and quality information assisting the process

Payment dispatch and

Funds utilization in order to avoid zero interest accounts

Cash Management is divided into two broad categories: On-site Bank Operations and Web-driven

customer operations. By seamlessly supporting multi-bank, multi-currency, multi-lingual transactions, itensures smooth flow of information and cash. And consequently, it strengthens the bonds between the

bank and its corporate customer universe.

Cash Management is equipped with three major diversifications:

Collections

The Collections software of Fincore handles instrument collection services - including collection ofCash, post-dated cheque collections, direct debit instruction and lockbox - wholesale and retail invoicemanagement. This Collections Software is capable of handling local and foreign currency.

Key Features

Collection of domestic and foreign currency instruments, including post dated instruments

Direct Debit Instructions (DDI) Invoice data capture and matching across collection methods and collection transaction

processing systems

Support for financing (guaranteed credit and cheque purchase

Customer and user reports both at regional and country level



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PaymentsThis module of Fincore, Payment Services, undertakes the Accounts Payable Management andprovides the platform for customers to make payments in any mode quickly and efficiently, virtuallyanywhere in the world, with minimal cost and effort.

Key Features of Payment Services:

Facilitate payments using Fund Transfer and Cheque methods

Facility for In-country and Cross-Border payments

Facility for Invoice capturing

Facility for 3-tier reconciliation - Instruction Vs Payments, Debit Vs Payments and Invoices VsPayments

Direct Credits

Liquidity Management

The key features of Liquidity Management are:

Management of surplus liquid balances by transferring them to interest bearing accountsthrough sweep facility

Facility for one or more ZBA accounts

Facility to create a pool of accounts allowing the customer to enjoy higher interest ratesdepending on aggregate balance position

Facility to allow netting of receivable or payable advices, using bilateral arrangements ormultilateral arrangements

CRM

Fincore CRM solution is a modular, multilingual, web-based customer-centric application that enablesbanks to leverage ready-to-deploy CRM functionality for competitive differentiation. Integrated withFincore core banking solution, Fincore CRM solution offers end-to-end functionality to effectivelyaddress the needs of the complete cycle of marketing, sales and service for banking products.

Facilitating a unified 360 view of the customer across product lines and multiple back-end systems, it

enables banks to improve customer experience across channels and empowers them with a robustplatform for cross-sell opportunities. It also arms banks with the technology muscle to increase reachthrough effective marketing campaigns. Fincore CRM solutions proven scalability further ensures that itcan meet the needs of growing banks, and their call centers.

KEY MODULES

Enterprise Customer Information File (CIF)

Sales

Loan origination

Service

Call center

Marketing



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BUSINESS BENEFITS

Aggressive Customer AcquisitionFincore CRM solution supports the creation of demand generation through multichannel and multi

wave campaigns. The solution ensures the banks marketing message is appropriately personalizedand targeted towards the most suitable segment of prospects. This optimizes marketing efforts andresults in greater conversion of prospects.

Improved Cross-sell Framework

The solution presents a unified 360 view of the customer allowing single point access to all therelationships the customer has forged with the bank. This effectively supports true relationship banking,providing a robust framework for cross-sell opportunities.

Increased Operational Efficiencies and CollaborationFincore CRM solution supports business automation for processes and business activities, eliminatingmanual tasks and reducing process time. Straight Through Processing abilities enhance reduction inturnaround and processing time, increasing output and enabling speedy completion of tasks. Themultilingual web-based single repository of information enables remotely located bankers to collaborate

and transact seamlessly.

Lower Total Cost of Ownership (TCO)A web-based solution leveraging new-generation technologies, Fincore CRM solution is future-proofand can be seamlessly integrated with other enterprise applications. With a robust architecture andproven scalability, it ensures protection for the banks technology investments.

e-Banking

Consumer e-banking

Fincore consumer e-banking solution is a proven Internet and mobile solution for retail bankingcustomers. Built on new-generation technology, it provides a single unified view of the customer's manyrelationships with the bank. The solution provides high flexibility for customization and robust securityfeatures.

This solution can be interfaced with any core banking solution directly or through an industry standard

middleware. It provides banking customers real time access to their relationships with the bank such asaccount inquiries, fund transfers, credit cards, mutual funds payments and remittances. It enables themto make payments to individuals or institutions, and other general payments on-line. It also has apowerful Electronic Bill Presentment and Payment (EBPP) module, designed to help customers maketheir utility bill payments. In addition, the powerful Fincore alerts solution provides two-way multi-channel (SMS, WAP, e-mail, fax and voice) alerts.

Built on SAP s industry standard platform, Netweaver and XI [eXtended Infrastructure], it is highly

secure and supports different authentication mechanisms.

KEY MODULES

Core Module

Payments ModuleCredit Card and Mutual Fund Modules



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Electronic Bill Payment and Presentment (EBPP) ModuleAlerts ModuleSecurity FeaturesMobile Banking

BUSINESS BENEFITS

Improved Cross-sell FrameworkThe solution offers a unified view of the customer, allowing single point access to all the relationshipsthe customer has forged with the bank, including mutual funds, insurance and credit cards. Thecustomer-centric architecture enables the bank to launch a one-stop financial portal for its customers.This effectively supports true relationship banking, providing a robust framework for cross-sellopportunities.

Business Agility

Built on industry standard platforms J2EE and .NET, the solution provides the bank tremendousflexibility to extend its product portfolio and customize the solution according to requirements. The

architecture of the solution enables the bank to write business rules once and deploy them anywhere,add new rules, modify existing ones or integrate them with other applications seamlessly. All thisenhances agility of operation, helping the bank identify new opportunities and roll out new products.

Robust SecurityThe solution offers extensive application security features and provides a robust framework to integratewith specialized security software. This enables the bank to confidently offer products that are highlysecure and geared to withstand the onslaught of security threats that abound around Internettransactions.

Customer Delight

With the growing popularity of mobile devices, banks can offer the convenience of anywhere- anytimebanking, using WAP or SMS. Customers can query on account balances and make fund transfers.

Banks can also proactively send t imely information to customers in a completely secure environment,whenever a customer-defined event occurs.

The solutions self-service capabilities empower customers to manage their banking activities better.

Additionally, subscription based alerts ensure that a customer receives requisite information through thepreferred channel. This leads to greater convenience and enables better monitoring of bankingtransactions in real time.

Corporate e-banking

Fincore corporate e-banking is a comprehensive, corporate and small business banking solution

providing a single unified view of corporate banking relationships across asset and liability products,limits, trade finance and cash management. It is designed to support multiple channels including the

Internet and mobile, and can be interfaced with disparate host systems and third-party applications.

The solution is built on new-generation industry standard technologies J2EE and .NET. This empowers

banks to provide their corporate customers anytime-anywhere access to real-time consolidatedinformation. It also offers banks the flexibility to go to market with an innovative product and serviceofferings portfolio. Fincore corporate e-banking solution is modular and enables banks to hand-pickfrom its comprehensive set of features. Additionally, the infrastructure services layer of the applicationprovides a framework that aids in deploying new modules rapidly. The solution is multi-currencyenabled and offers multilingual support.



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KEY MODULES

Accounts and Transfers

Electronic Invoice Presentment & Payment (EIPP)

Payments Collections Management

Liquidity Management

Reconciliation Reporting

Trade Finance

BUSINESS BENEFITS

Aggregated Cross Border Service

The solutions rich financial information portal provides corporate customers a comprehensive facility toview critical information and monitor transactions across geographies through a single interface. Thisplays a vital role in enabling the bank to provide all the global financial solutions demanded by businesshouses expanding their footprint across geographies.

Business AgilityBuilt on industry standard platforms J2EE and .NET, the solution provides the bank tremendousflexibility to extend its product portfolio and customize the solution according to requirements. Thearchitecture of the solution enables the bank to write business rules once and deploy them anywhere,add new rules, modify existing ones or integrate them with other applications seamlessly. The solutionalso provides an additional layer that can be extended to interface with multiple back office systems. Allthis enhances agility of operation, helping the bank identify new opportunities and roll out new products.

Robust Security

The solution offers extensive application security features and provides a robust framework to integratewith specialized security software. This enables the bank to confidently offer products that are highlysecure and geared to withstand the onslaught of security threats that abound around Internet

transactions.

Lower TCO

The deployment of Fincore enables a relatively cost-efficient channel through which to servecustomers. As the number of transactions completed on-line increases, the number of more expensivebranch transactions decreases. This is especially true of small business customers who tend to use thebranch as the primary channel. Greater automation and productivity, as well as reduced human errorlead to increased cost savings. The thin-client architecture over the Internet also reduces maintenancecosts associated with frequent upgrades and support.

Customer Delight

Subscription based alerts ensure that a customer receives requisite information through the preferredchannel. This leads to greater convenience and enables better monitoring of banking transactions in

real time.

The solutions self-service capabilities further empower corporate customers to manage the solution

and consequently their cash flows better.



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LOS Loan Origination System

The Fincore Loan Origination System allows retail finance organizations to optimize their loan approvalprocessing mechanism by integrating Sourcing, Field Investigation and Processing Agencies in aCentral Processing Unit. Being web-based, it gives organizations truly any time, anywhere access.Fincore LOS covers a range of activities including:

Basic Data Entry

This involves entry of basic details necessary for keeping a record of all inflows (Initial Money Receipt,Installment Amount, etc) and outflows of loans (Amount Finance, Dealer Commission payable, etc.)The information is entered at this stage are: Loan details, Sourcing details, Asset details, Charges andRepayment Schedule.

Detailed Data Entry

More detailed information required for processing loans is entered at this stage. This includes customer

details like: Demographic details, Liabilities, Address, Bank details, Credit Card, Fixed Deposit,Financial details, De-duplication Logic, Guarantor/ Co-Applicant details and Current Assets.

Benefits of Fincore LOS are:

Loan processing through a Central Processing Unit provides integration of Sourcing, FieldInvestigation and Processing Agencies

Incorporates Workflow based processing to cater to multi-tier approval and deviation processesfollowed by organizations

Allows for anytime, anywhere access through web-based process. Speed and decision makingauthority at its best

Two-way info sharing of results and additional Dox/Dox completeness, and supporting shifttype data entry and curing in the CPA, enables faster and better online curing of applications

A centralized and secure Master set-up, helps organizations effectively introduce 'quick-to-market' schemes for a competitive edge

Lending

Fincore Lending Solutions caters to the requirements of any installment based loans system. Thesystem architecture supports the requirements of the Leasing, Hire Purchase, Consumer Finance andHousing Finance business.

Benefits of Fincore Lending Solutions are:

A single system to support lease, hire purchase and loans Allows online and offline applicationprocessing to support individual operational needs and reduce turnaround times with a powerful de-



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duping to promote loyal customers and segregate negative ones

Allows for the launch of "Quick-to-Market" customized offerings to suit wide range of customer needs

Has powerful interfacing capabilities with host systems and allows its accounting templates to be set tomatch with the organizations General Ledger to meet the specific accounting needs of the organization

Support for multiple billing and accrual cycles with a highly parameterized fee calculation and payment

allocation logics

Products, charges and documents can be defined as per the user's requirements

End-to-end loan handling from organization to termination including anomalies of foreclosures and re-schedules

Fincore Lending Solutions covers the entire life cycle of the loans business, especially covering theareas of:

Product Definition which includes Scheme Definition, Charges and Fees Definition, Due DateManagement, Accounting Templates, Allocation and Amortization and IRR Charges

Application Processing which includes Loan Details, Demographic Details, Co-borrower andGuarantor Details, Contact Point Verification, Documentation, Current Assets, Exceptions, Advanceand Partial Disbursals, Repayment Schedules, Sourcing Details, Credit Scoring, Asset Details andCharges and Fees

Settlements which include Payments, Receipts, Manual Adjustments, Charge Waivers, Netting ofPayment and Receipts, User Defined Allocation Logic for Payments or receipts

Processing which includes Billing, Interest Accruals, General Ledger, Floating Rate ReviewProcessing, Late Payments, Non Performing Assets, Depreciation, Collection downloads, PDC

Interface, Branch uploads/downloads, Transfer cases, Loan descent/ cheque printing

Termination which includes Cancellation, Foreclosure, Final Termination

Asset Management which includes Inventory, Inspection and Insurance

Document Management which includes Application Stage, Pre-Disbursal Stage, Post Disbursal andImaging

Simulators which includes Installment Calculation, Rescheduling, Foreclosure, Termination

Direct Selling Agency Payments which includes Per Loan Basis, Volume Grid Basis, SpecialIncentive Schemes

Accounting which includes User Defined Accounting Templates, Handles Accounting for Regular andNPA Cases independently, Supports Memo Accounting

Repayment Management which includes Equated monthly installments, Graded method, Bulletedmethod, Bellow method and Customized method



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LiqDep - Liquid Deposit System (Term/Recurring/Variable Deposits)

The Fincore Liquid Deposit system caters to the requirements of the liability business of a financial

institution. The system while meeting the vanilla requirements of a typical term deposit system, hasadded features like floating rate deposits. The system also facilitates Term Deposits, RecurringDeposits, variable Deposits, Cash Certificates and other such features.

Key Features of Fincore LiqDep:

Customer Maintenance including Basic Demographics, Links with Sweeping accounts, JointHolders and Nominees

Sweeping including Multi Parameter Sweep, Sweeping Frequency, Free Sweeping Limits,Sweep Trigger Dates

Maturity instructions including partial renewals, full renewals, no renewals, handling of depositswithout Maturity instructions.

Payment instructions including Interest Payment, Maturity Payment, Balance Payment

Liquidations of Unitized Deposits including Partial Withdrawal, Minimum Interest LossCalculation, Tax Calculation

Pledge Management including partial Pledging, Full Pledging

Benefits of Fincore LiqDep:

Supports fixed and floating rate deposits

Supports multiple liquidation payment instruction to meet individual depositor's needs

Facilitates liquidation of deposits with minimum interest loss to customer

Interfacing capabilities with host systems to protect your investments

Multi-currency handling

Tax Deduction



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Wealth Management

Fincore wealth management solution is a modular, fully scalable, integrated core banking andinvestment management system designed for the specific needs of retail, personal and internationalprivate banks. It offers a unique combination of an extensive portfolio of functions with impressiveflexibility that enables end-to-end processing of investment products from diverse asset classesincluding structured deposits, structured notes, bonds, mutual funds and insurance.

Financial institutions can leverage the solutions rule based definitions to launch new products such as

dual currency deposits, principal protected deposits, range accrual deposits, mutual funds andinsurance products with a distinct time-to-market advantage. Integrated with Fincore core banking andCRM solutions, the wealth management solution ensures unique customer definition, a single unifiedview of the customers portfolio across asset classes and seamless flow of transactions. This helps thebank capitalize on its customer base to create additional revenue streams, by offering HNWI and themass affluent extended products and services.

KEY MODULES

Structured Products

Product definition

Transaction processing

Fixing

Payouts

Fees

Mutual FundsThe mutual funds module provides an extensive and parameterized product setup to define different

types of mutual funds.

Fund definition

Transaction rules

Transaction processing

Batches

Systematic plans

Fee and commissions

Corporate actions

InsuranceThe insurance module provides an extensive and parameterized product setup to define different typesof insurance products.

Product definition

Transaction processing Fee and commission

BUSINESS BENEFITS

Leverage the HNWI Opportunity



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Fincore wealth management solution enables financial institutions to derive rich integrated insightsabout the HNWI clients investment portfolio. Sophisticated analytics, relevant financial planning andasset allocation tools can be deployed, to leverage the opportunities presented by hot listed clients toexplore prospects for cross-selling and fee-based personalized advice.

Ease of Enhancing Product PortfolioThe user-friendly solution provides never before flexibility to tailor solutions and create new productflavors for emerging customer segments. It enables business users at the bank to add innovativefunctionalities and features to their offerings, without changing the source code of the application. Thesolution also interfaces seamlessly with satellite and specialized systems, easily supporting faster rollout of new products at the bank.

Higher Operational EfficiencyThe solution provides full Straight Through Processing (STP) and is fortified with a powerful integrationframework to interface with the banks core banking solution and external data sources. This plays acrucial role in minimizing operational delays and ensuring seamless transaction flows at the bank.Every financial operation is processed identically. Execution either ensures a successful update of allrelated data or a complete rollback in case of a technical problem. Consistency and reliability are

guaranteed. Fully integrated and component-based, the solution also guarantees consistency of data.Access rights are rigorously managed, every transaction request checked and systematic recordsmaintained as audit trails, ensuring robust security.

Lower TCOThe solution allows users, belonging to different legal entities to work on a single system and database.This directly results in significantly lower implementation costs and ease of centralized reporting for thebank.

Built on open systems and new-generation technologies, Fincore wealth management solution is future-proof and can be seamlessly integrated with other enterprise applications. With proven scalability and a

flexible architecture, it ensures protection for the banks technology investments.

Timelines for the project:

Requirement Gathering and Analysis: November 2007 to January 2008

Project start

Conducting workshops, discussions, contacting business users, explore over theweb to gather requirements.

Identify the system Boundary document

Writing requirements for change process, acceptable by all business users.

Writing the scope of the project

Data Migration Plans

Get approval from the management and some business users.

System Design Phase: February 2008 to April 2008 Design High level design documents

Review and approval of the HLDD

Interface design and data design.

Designing of Low level Design Document with respect to High level Document

Review and approval of LLDD

Design the complete Logical system of the product.

Coding and Unit testing of Customized Features: May 2008 to September 2008.



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Specifications produced during the design phase are translated into Hardware,communications and executable software.

Design data models, Database, Data tables, Queries and Procedures.

Coding

Data Migration Plans. Writing Unit test plan document.

Unit testing with respect to UTP documents

Load testing using Load Runner

Fixing Unit testing and Load testing issues.

System Testing: October 2008 to November 2008.

Writing Systems Test Plan Document

System Testing

Fixing System Testing Issues

SQA: December 2009 to January 2009

Send the application to SQA for approval

Fix SQA defects.

Package and Delivery: February 2009 (Two weeks)

Implementation of code in the pre production.

Data Migration from version pro production.

Final Testing before User Acceptance Testing (UAT).

Fix the Issue raised in Pre Production Using Real Data.

User Acceptance Test and Fix UAT Defects: February 2009 to March 2009.

Initiate User Acceptance Testing

Work closely with business Users to handle queries while UAT phase.

Documenting the UAT Issues. Fix UAT Issues as separate builds.

Approval from business users.

Production Implementation: April 2009(1 Month)

Implement code in the production server.

Data Migration from Production.

Random Testing in Production.

End User Testing in Production.

GoLive :May 2009(1 Month)

Announce Go-Live Date. Launch the product in one or two business days.

Users start using the system.

Provide GoLive support.

Warranty period : 3 Months( May 2008 to July 2009)

Fixing issues within the scope of the requirement.

Get approval for the development project completion.

Development project closure meeting.

Production Maintenance and support till product stability is acquired: 6 Months

thereafter.



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Fixing sev 1, Sev 2 and Sev 3 Issues.

Emergency enhancements to be implemented.

Conducting various discussions with business users in regular intervals.

Conducting surveys and collecting feedbacks.


Documents

Finncore Project Without Itenary