Finacle Corporate Banking Suite
Banks in over 100 countries rely on Finacle’s industry-leading solution suite to fast-forward their digital transformation agenda.
Finacle Corporate Banking is a comprehensive solution suite built on an advanced architecture. The solution addresses the trade finance, lending, syndication, payments, origination, limits, collaterals, treasury, deposits, liquidity management, online banking and mobile banking requirements of corporate banks worldwide and enables them to deliver customized offerings to enterprise clients of all sizes.
Finacle has helped corporate banks around the world reimagine their business with digital technologies to drive new revenue streams. The solution leverages emerging technologies such as blockchain and advanced analytics to offer impressive benefits to banks and their clients.
The Finacle promise
Modernize at your pace
A comprehensive, componentized platform of corporate banking solutions, Finacle allows you the freedom to choose products that match your bank’s business priorities, and the flexibility to decide when to deploy or upgrade a particular component. What’s more, Finacle enables your bank to transform at one go, or in a progressive, phased manner. With Finacle, your bank gains a wide range of enterprise-level solutions with rich business functionality that can be delivered on all channels.
Emirates NBD wanted to respond to its treasury customers’ call for a real-time liquidity management solution that could provide an aggregated view of global accounts. With the Finacle Liquidity Management solution, Emirates NBD clients can now design their unique cash management policies to manage receivables, payables, account services and investments, efficiently. The initiative helped improve stickiness with corporate clients significantly, while also delivering a remarkable seven times return on technology investments.
Future proof your business
To be a digital leader in corporate banking, banks need to adopt a modern platform which is agile, flexible and scalable. The Finacle Corporate Banking suite is built on an advanced architecture that promises to meet and exceed, emerging and future requirements.
Global Digital Banking Platforms, Q3 2018
“EdgeVerve builds its banking platform on a strong architectural foundation.. Today’s architecture shows ingredients such as a service-oriented architecture (SOA), a strong decoupling from data and business logic, built-in API management, and — to some degree — micro services. Broad and rich off-the-shelf business capabilities support corporate and business banking.”
– Jost Hoppermann, Author of The Forrester Wave™: Global Digital Banking Platforms, Q3 2018
Experience agile, risk-mitigated modernization
Whether it is a big bang switchover, progressive deployment or complete overhaul, Finacle helps your bank transform at its own pace. The following tenets simplify transformation as well as minimize its risks:
Making corporate banks ready for digital ecosystems
The new age corporate banking dynamics will entail a digital product engine, which will not only host its own products such as corporate deposits, loans but also enable access to complementary partner products such as insurance, joint products such as syndicated loans, blockchain based digital ecosystems, and placement of third party competing products.
With comprehensive inside-out and outside-in capabilities, Finacle brings to you a well-orchestrated strategy, enabling dual approach to innovation and helping banks transform for platform based corporate banking business journeys.
Corporate clients of RBL Bank using trade finance services make a number of enquiries. Earlier, the process of answering a query involved multiple steps and required manual intervention. To make the process seamless and independent of staff, the bank has implemented an API based trade finance innovation, enabling corporate clients make enquiries directly from their respective ERP solutions/applications and receiving responses from the trade finance and core banking system directly. The highly secure, open APIs have automated the manual process, ensuring shorter turn around, risk minimization, and deeper integrations with corporate workflows.
Consumer banking like digital experiences for your corporates
Corporate customers have the same expectations as retail consumers for tailored and seamless banking. The Finacle digital engagement hub helps corporate banks build new operating models that deliver products and services across channels in a cost effective way and fulfill new customer needs through innovation. The data-led insights helps you understand your corporate customers better, identify business opportunities, reduce costs and craft tailored solutions.
Using Finacle solutions, Santander will provide our corporate customers a single point of access to better manage their interbank global commercial cash flow conveniently and securely. It represents a significant part of GTB UK’s channel strategy, helping to prepare the bank for its shift towards serving its digitally enabled corporate clients.
– Bart Timmermans, Head of Global Transaction Banking (GTB), Santander UK
Redefining operational indexes for the digital world
The corporate banking value chain is opening up to new players and business models built on the latest digital tools, such as robotics, big data, AI, and blockchain. Finacle helps you stay in the game by adopting these tools and building new business models. A host of automation enablers helps you transform with agile processes, higher efficiencies, leading to better customer experiences. The comprehensive risk management capabilities across the core provides unified real-time view of exposures, enabling effective risk mitigation strategies.
communication network for Trade Finance
ICICI bank, a leading private sector bank in India has enabled inter organization automation leveraging blockchain. The bank has on-boarded over 250 leading corporates for domestic / international trade finance transactions on the blockchain network. Built on Finacle Trade Connect, the blockchain solution simplifies the paper-intensive trade finance process by bringing counterparties on the same platform, enabling decision making in near real time. The network participants can track documentation and authenticate ownership of assets digitally and execute a trade finance transaction through a series of encrypted and secure digital contracts.
