BankEasy Core Banking System
BankEasy® is a cloud-based highly scalable and robust core banking system by Sarvatra Technologies, a pioneer and industry leader for payment systems in India, viz. EFT, IMPS, UPI, AEPS, e-KYC, BBPS, Micro ATMs, etc. BankEasy is a highly flexible and fully parameterized system built with latest Ajax technology by Sarvatra’s experienced team of developers, testers, and business analysts having expertise in the banking domain. The first version of BankEasy was deployed in 1996.
BankEasy provides a full spectrum of streamlined banking operations and functionality, supporting multiple channels like branches, ATM/POS, Mobile, etc. The CBS provides the core software necessary to allow customers to access and transact on their accounts from any branch, thus providing a single-window access across the bank.
- Complete Functionality: Provides complete retail banking functionality for a typical Urban Co-operative Bank.
- Multiple Delivery Channels: Supports multiple channels like Branches, ATM / POS, Mobile, etc. with automatic reconciliation.
- Single-window Access: Enables the customers to access and transact on their accounts from any branch.
- Out-of-the-box Integration with Payment Systems: Provides ready access to nationwide payment network systems like ATMs, Debit Cards, IMPS, Mobile banking, UPI, AEPS, eKYC, BBPS, Micro ATMs, etc.
- Uninterrupted Operation: Available 24×7 with production support. Allows the use of Micro ATMs deployed in branches as a fall-back if leased line connectivity for CBS fails, or during technology upgrade.
- Highly Secure: BankEasy is the only CBS in India running on Oracle Exadata Engineered System, Oracle Enterprise Edition with Data Guard, Advanced Security and DB Vault options. The software is installed in Tier III Data Centre with Disaster Recovery backup site, both of which are certified for PCI-DSS, ISO 27001 (Information Security), and ISO 22301 (Business Continuity).
- Ease of Connectivity: Requires very low bandwidth. Can work with 4G mobile connectivity with secured connection over internet.
- Cost-effective: Sarvatra offers BankEasy on ASP basis, with pay-as-you-grow licensing. Bank does not require to spend on setting up or maintaining a world-class Data Centre. Fast and high return on investments.
- Boosting profitability and customer loyalty
- Enhancing scalability
- Improving security
- Standardization of operations
- Reducing potential risks
- Increasing efficiency
- Real-time reporting and improved decision making
- Regulatory compliances
Following in-built interfaces for various nationwide payment systems come out-of-the-box with BankEasy:
- ATM
- RTGS (Real Time Gross Settlement System)
- NEFT (National Electronic Fund Transfer System)
- NACH (National Automated Clearing House)
- CTS (Cheque Truncation System)
- IMPS (Immediate Mobile Payment System)
- ECOM (E-Commerce Transactions)
- UPI (Unified Payment Interface)
- AEPS (Aadhaar Enabled Payment System)
- EKYC (Electronic Know Your Customer)
- BBPS (Bharat Bill Payment System)
- POS (Point of Sale Terminals)
- Mobile Banking
- Internet Banking
- Agent Banking / Doorstep Banking
- Accounting
- Customer Relations
- Treasury Operations
- Management Information System / Business Intelligence System
- Retail Banking Products
- Head Office Modules
BankEasy vs Conventional CBS
I am happy with the pace of work (in developing the UPI solution for ICICI Bank). It is also very encouraging the way you are tracking the progress. I am more confident that we can meet the deadline successfully.
