In this new age, Information Technology (IT) has become critical for the survival and growth of banking institutions, as it helps in reduction of transaction costs, effective monitoring of business, and faster introduction of customer-centric products at competitive pricing. IT enables banks to efficiently respond to external and internal business changes.
RAMINFO’s Core Banking Products Suite, called SmartBanker™, is a completely web-based and centralized product platform for corporate and retail banking automation. It is a proven solution with deployments at hundreds of bank branches, managing over 2 million transactions daily.
SmartBanker™ offers both client-server and web-based options to suit the diverse needs of regional, state, and national level banks. It is built on state-of-art technology and meets the complex needs of the Banking Industry, essentially helping with integration of services that can be offered by all of a bank's branches from a centralized data center.
On the front-end level, it helps deliver a better customer service experience. And, on the back-end it helps with a centralized MIS, enhancing the decision support system and effective monitoring by top management.
Banking Automation is not just a customer-oriented or operational optimization strategy but a necessary step towards adhering to the tighter regulatory norms. RAMINFO’s Core Banking Products enable submission of statutory reports to various regulatory and governmental bodies. And, is especially helpful to Urban Cooperative Banks (UCB) to move to an automated banking environment, given the recent advisory by the nation’s central bank, Reserve Bank of India, which mandates all UCBs to implement Core Banking Solution before the end of current calendar year, 2013.
SmartInventory manages the bank's stationery department's activities including materials and resources. It helps in minimizing the costs by optimization of the use of stationery.