Solutions For Small Financial Banks
FIS BANKING SOFTWARE AS A SERVICE
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High-LevelViewofFISBankingSoftwareasaService
The Need for Banking Software as a ServiceBecoming a fully regulated banking institution demands a more robust technology infrastructure, but your technology evolution doesn’t have to be expensive, slow, operationally cumbersome or a hindrance to your growth. When you outsource your banking and payments infrastructure with FIS Banking Software as a Service (FIS Banking SaaS), India’s most comprehensive, end-to-end, hosted system, you’re empowered to evolve and grow on your terms. Featuring a highly scalable, cost-effective and easy-to-integrate set of secure and highly reliable technology capabilities, FIS Banking SaaS is the only hosted fintech solution in India that spans all of your banking and payments needs.
FIS Banking SaaS enables you to transform and thrive as a fully regulated banking institution.
What Is FIS Banking SaaS?FIS Banking SaaS is an innovative hosted solution that empowers small financial banks (SFBs) to deliver a robust set of banking and payments capabilities to customers without the expense, time and operational complexity associated with building out a traditional banking infrastructure.
This pre-integrated, well-established core applications stack uses shared technology infrastructure to minimize initial capital expenditures and deliver volume-based pricing that aligns costs to business growth.
FIS empowers SFBs in their transformation as full-fledged banks and recognizes that this evolution creates more stringent regulatory compliance demands. These critical requirements – along with the complexity of data migration and rollout of seamless doorstep banking – are handled by FIS Banking SaaS. This highly scalable, end-to-end system spans banking and payments, and empowers clients with seamless implementation, reduced costs, and a robust infrastructure that helps SFBs grow and thrive.
Assisted Service Points
ChannelsPaym
ents& Interfaces
Core & LifecycleSystem
sSurroundSystem
s
Payments Services E-Channels/Self-service channels
Mobile HandHeld Devices
CustomerOrigination &
KYC
Retail/SMELoans
Origination
Micro-LoansOrigination
MIS
RBI ADF
RBI RBS
EDW/ODS/Analytics
C-KYCFI/BCGateway
NPCI NACH,MANDATES,AEPS, APBS
CFMS/DBTServices
Pymt.Gateway
Integration
Bill PayInterfaces
SFMS(NEFT, RTGS)
CreditBureaus
NPCI/NSDLUIDAI eKYC
CustomerServicePoints
BankBranches
ContactCenter / IVR
NFS/Rupay UPI/IMPS
Switch CMS
MobileChannels,
SMS,NUUP
InternetBkg
(Ret. /SME)ATM/POS
CTS/Loc.Clg.
Treasury(Dom.) AML
AssetLiab Mgmt.
MIS/ADFCredit
RiskOps.Risk
InternalAudit
Treasury
FraudMgmt. CRM HRMS
Work FlowIdentity &
AccessMgmt.
Existing Assets,Liabilities Solutions+ other integration
ProfileGL
Profile Core BankingCIF, Liability, Assets, Remittances,
Clearing, Cash Mgmt.
FIS Enterprise Integration
FIS Enterprise Integration
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FIS Banking SaaS Features:FIS Banking SaaS offers the following features, using a unique multitiered service architecture:
● Servicedelivery– A shared platform to deliver ITIL standard services for clients to manage their help desk. Alignment to turnaround times and associated service level agreements.
● Leveragecommonservicecapabilitiesforback-officeapplications– HRMS/CTS/RTGS/NEFT/E- Commerce/SMS/Mobile Banking.
● Monitoringandmanagement– Hosting in a world-class infrastructure with a 24/7 network/ system command center to ensure highest levels of availability. Delivered using a shared pool of resources.
● Informationsecuritymanagement– Secure/compliant delivery through a shared service. Compliant with regulatory requirements and adequate levels of data protection.
● Coreapplications– Delivered through a logically segregated environment that ensures data and access compliance and provides flexibility to tweak business processes to retain market competitiveness.
● Projectmanagementoffice(PMO)– Collaborative PMO service that provides a mix of resources and repeatable processes, enabling enhanced governance.
Key Merits ● Enables bank to go to market quickly
● Allows for desired flexibility for “BOLT On/Off” of key product processors
● On-demand scale
● Empowers bank to focus on core competencies
● Enables banking services across channels
● Provides reusable process maps and resource assets for immediate deployment
● Delivers MIS and regulatory compliance aligned to guidelines issued by the Reserve Bank of India
● Reduces total cost of ownership
Client Success Story – Fincare Small Finance BankWhen India’s Disha Microfin Payment Solutions (now known as Fincare Small Finance Bank) was selected as India’s newest small finance bank in 2016, it knew it needed a proven banking and payments technology partner to bring its vision of creating a commercially viable, socially relevant financing option for lower-income Indian citizens to life. In September 2016, Fincare selected FIS to serve as its complete technology partner and provide a fully integrated banking and payments platform through a totally outsourced delivery model, which encompassed core banking, channels and the entire suite of payments services, including switching, debit card, management services and ATM management.
The multiyear agreement supported Fincare’s goal of making measurable economic and social impacts on the lives of lower-income households to raise the economic status of families across India, allowing it to operate efficiently and focus on customers rather than operations and technology.
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Criteria Dedicated Shared
Deployment Approach
Architecture planning is less effective as services are added in layers. This involves creation of individual service-based infrastructure, leading to increased deployment time and higher costs.
Hub and spoke deployment approach: ● Hub – Common pool of shared services across service delivery/infrastructure management and security management.
● Spoke – Common versions of core application stack creating ability for rapid deployment with acceptance in production.
Technology Governance
High management overhead due to setup complexity:
● Service Delivery – Additional oversight required for team management.
● Change Management – Complex
● Change management setup required for project delivery and production support.
Shared services layer comprising infrastructure/ network/application and help desk management allows better utilization of processes/resources.
The shared services layer can be backed by single points of contact for each customer who owns the engagement.
Business Flexibility
Limited flexibility for service/product extensions spanning across channels and customer service aspects.
Higher flexibility. While the core is sealed off, any product extension can be customized and packaged according to business needs. Critical applications will be hosted separately for each institution, and data will be segregated and maintained separately.
Timeto Market
Longer time to market due to siloed implementation.
Shorter time to market given that any product or service extensions follow an agile and repeatable set of process and product factory capabilities.
Sharedsetupcanreducecostsandtimeby35to40percent comparedtodedicatedinfrastructure.
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AboutFISFIS is a global leader in technology, solutions and services for merchants, banks and capital markets that helps businesses and communities thrive by advancing commerce and the financial world. For over 50 years, FIS has continued to drive growth for clients around the world by creating tomorrow’s technology, solutions and services to modernize today’s businesses and customer experiences. By connecting merchants, banks and capital markets, we use our scale, apply our deep expertise and data-driven insights, innovate with purpose to solve for our clients’ future, and deliver experiences that are more simple, seamless and secure to advance the way the world pays, banks and invests. Headquartered in Jacksonville, Florida, FIS employs about 55,000 people worldwide dedicated to helping our clients solve for the future. FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com©2019FISFIS and the FIS logo are trademarks or registered trademarks of FIS or its subsidiaries in the U.S. and/or other countries. Other parties’ marks are the property of their respective owners. 843157
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