Core Banking System

Description: This module is responsible for managing all customer data. This module acts as the central repository for storing personal information, account history, and customer interactions.

Key Functionalities:

• Customer Profiles: Maintains detailed profiles, including names, contact information, addresses, Credit Score, and ID verification.
• Credit Score History: Classifies customers based on their banking activities, allowing for tailored product offerings or marketing campaigns.
• Transaction History: Tracks and displays historical data on customer transactions, loans, and payments.

Description: This module manages all types of loans offered by the company. It handles loan origination, servicing, repayment tracking, and collections.

Key Functionalities:

• Loan Origination: Automates the process of applying for and approving loans, including credit scoring, risk assessment, and document verification.
• Amortization Schedules: Generates detailed repayment schedules, including principal, interest, and any additional fees.
• Interest and Penalty Calculation: Calculates interest on loans, handles grace periods, and applies penalties for late payments.
• Loan Servicing: Manages ongoing loan repayments, allowing partial payments, prepayments, and refinancing options.
• Collections and Alerts: Automates reminders for upcoming payments and manages the collection process for overdue loans.

Description: This Module handles payments received from other banking entities and ensures proper synchronization with the company's internal database. It processes on-time payments, late payments with moratory and compensatory interest, and any surplus is applied as debt amortization. Additionally, it supports both partial and full debt amortization.

Key Functionalities:

• Connection with Other Banks: Handles payments from external banks and updates the internal database in real-time.
• On-time Payment Processing: Manages payments made within the deadline, applying them to the client’s debt balance.
• Late Payment Processing: Applies moratory and compensatory interest to late payments and updates the client’s payment schedule accordingly.
• Debt Amortization: Applies any payment surplus directly towards the principal balance, reducing the outstanding debt.
• Total Amortization: Facilitates the complete repayment of a debt, closing the loan upon payment of the remaining balance.
• Custom Payment Schedules: Dynamically adjusts schedules based on payments and amortization, providing detailed reports on the client’s debt status.

Description: The Operations Module ensures smooth and efficient daily banking operations. It manages transaction processing, treasury, and ensures the proper functioning of branches. It also automates repetitive tasks and monitors operational health in real-time.

Key Functionalities:

• Treasury Management: Monitors cash flows and ensures the availability of funds for obligations. Manages interbank transfers to optimize liquidity.
• Transaction Processing: Facilitates external transfers, ensuring that transfers are processed without errors.
• Process Automation: Automates high-volume repetitive tasks such as payment processing and end-of-day transaction settlements.
• Operational Monitoring and Alerts: Provides real-time monitoring of the bank’s operations, generating alerts for delays or suspicious activities.
• Bank Reconciliation: Automates account reconciliation by comparing internal bank records with third-party accounts to identify discrepancies.
• Operations Support: Provides tools for branch and customer support teams to resolve operational issues and manage special transaction requests.

Description: This module integrates all the financial data generated by the bank and ensures accurate financial reporting, transaction tracking, and compliance with regulatory standards.

Key Functionalities:

• General Ledger Management: Centralizes all financial transactions into the general ledger, ensuring that entries from loans, payments, deposits, and withdrawals are recorded accurately.
• Double-Entry Accounting: Maintains the integrity of financial records through the double-entry accounting system.
• Financial Reconciliation: Automatically reconciles internal accounts, such as clearing between loan disbursements and customer payments.
• Tax Calculation and Reporting: Automatically calculates applicable taxes for financial transactions and generates necessary tax reports.
• Budgeting and Forecasting: Allows financial teams to create budgets, forecast cash flows, and analyze variances against actual performance.

Description: The Reporting module generates detailed reports on various aspects of the bank’s operations, providing insights into customer behavior, financial health, and regulatory compliance.

Key Functionalities:

• Regulatory Reporting: Generates reports that comply with local, national, and international financial regulations (Goldman Sachs).
• Customer Activity Reports: Provides insights into customer activities, such as transaction volumes, loan repayments, and account balances.
• Financial Performance Reports: Tracks key financial metrics, including profits, losses, revenues, and expenses over specific time periods.
• Customizable Dashboards: Allows bank managers and executives to configure and view personalized dashboards with key performance indicators (KPIs).
• Risk Analysis: Generates reports that assess operational risks, credit risks, and liquidity risks, allowing for proactive management.