IT CORE BANKING APPLICATION

                                   FINACLE IT CORE BANKING APPLICATION

1)  Finacle Architecture:-->

  Finacle Core is designed with an Oracle RDBMS as backend and the front-end is web-enabled and works on the bank's intranet.

The Finacle Core Banking solution is one of the first Online Transection Processing(OLTP) applications which fully leverages the web technology based IT paradigm. Running on any standard browser,The Finace Core caters to all the functional requirements of tellers and managers, through the bank's intranet. This means that the employees of the bank using the finacle core banking solution do not need to install any client software on their PCs and can access the finacle core through a standard browser

This new generation web architecture offers the following benefits compare to traditional client-server technology.

1: Future-proofing of the IT investment

2: Support Multiple Platforms

3: Providing Network Performance

4: Providing Scalability

5: Eliminating Software Distribution issues

------------------------------------------------------------------------------------------------------------------------

2)  Finacle Application Server: -->

This is the server where the Finacle core banking solution is installed. It contains the executables which have the business logic for running diffrent processes.

B2K component is the main component of finacle app server. It helps the user to access the finacle core application and help the user to login to the application and access the database. Cleints directly can not access the finacle application server. They have only access to web server which consequently accesses the app server.

---------------------------------------------------------------------------------------------------------------------

3) Web Server :-->

Web server is the server where finacle login page and menu options is available.

Web server has two components

     1: Applet components :--

   Appletcomp contains the finacle applet which is responsible for the appearance of each screen. Finacle applet is a  group of JAVA files

    2: Web components :--

   Webcomp is the component where all the screen are placed.

SSO :-->

Single Sign-On framwork is used by application in the finacle suite for authentication into the system. The SSO 

framwork enables users to access multiple application through a single login ID and password. All the login related

validation happen in SSO

The Finacle Core Banking Solution has been opened up at various layers, Extensibility tools like, Connect24,Finacle

Integrate ans scripts enable easy interface to a host of application like,trasury and delivery channels among others.

The key technical highlights of the finacle core are

1: increasingly accepted multi-tiered web paradigm.

2: Fully deployable in 365*24*7 mode not only across delivery channels but also for the branches

----------------------------------------------------------------------------------------------------------------------

4) Finacle Integrator:-->

Finacle Integrator is a component developed to provide an online interface for external systems of product to communicatewith the Finacle core and finacle e-Banking systems. It is a J2EE application which acts as finacle gateway for external system.

-------------------------------------------------------------------------------------------------------------------------

5) Finacle Treasury (FT-India)--> 

This application is developed by M/s Infosys Technologies Limited. 

It is a client based software and used by Treasury Department (Front Office), Treasury Operations Department (Back Office) and Risk Department. 

The Deals which are put in various terminals of Reuters, Barclays, Citi Bank, Deutsche Bank, FX connect, CBLO, CCIL etc. these deals flow from the terminals to Finacle Treasury in unverified status.

 

Deals with brokers and other deals are punched in Finacle treasury by the front office staff. 

Deals are then verified with the excel sheets prepared by the dealers in the dealing room. 

 

After verification with the deal tickets the deals are completed by the Treasury Operations Department (Back Office).  

Risk Department is using FT-India software for limit monitoring. 

After the day’s transactions are authorized, IT personnel at Data Centre do the day end activity in Finacle Treasury (India) application. 

Once the day end activity is over in FT (India), all the GL balances transactions move to Finacle Core for updating.

-------------------------------------------------------------------------------------------------------------------------

6) Finacle Nostro Reconciliation (FNR)--> 

It is solution is provided by M/s Infosys. 

This software captures all transactions which affects ‘Nostro’ accounts of the Bank maintained with various overseas Bank/Branches. 

The Bank maintains 45 Nostro accounts in 14 currencies with various overseas correspondents in order to service the business processed by 218 forex authorized branches. 

All incoming transactions are received through ‘SWIFT’ messages and uploaded in the FNR solution. 

SWIFT messages are downloaded by TO officials in clear text file and uploaded in FNR after editing file extension from *.txt to *.sft. 

The system verifies correctness and accuracy of the uploaded data as these messages comprise of opening and closing balances which is maintained by FNR solution for each ‘Nostro’ account.

There is process of matching uploaded transactions from SWIFT with Finacle. 

Unmatched entries, if any are matched manually by a TO Officials through ‘Force matching Process’. 

There is maker & checker concept in ‘Force matching Process’. 

Entries remained untallied after forced matching are taken up with the branches. 

The status of outstanding entries in ‘Nostro Account’ is placed before ‘Audit Committee of Board’ for information in each quarter.

------------------------------------------------------------------------------------------------------------------------

7) Credence-->

Is a suite of solutions developed by M/s Credence Analytics used by Treasury, Capital Market and Treasury Operation Departments. 

The application is used by the Bank to monitor and manage their Non-SLR investment which includes Equity, Bond, and Mutual Fund. 

Dealers at Treasury and Capital Market front office desks login into the relevant module of the system and enter details of buy or sale deal of the instrument. 

Treasury Back office confirms the details of the transaction and verifies it. 

Financial transactions are passed in the Finacle Core separately after verification of the same in Credence system. 

On daily basis, reconciliation statement showing investment position as per Credence and Finacle systems is prepared by the officials of Treasury Operation department.

-----------------------------------------------------------------------------------------------------------------------

8) Negotiated Dealing System (NDS)-->

Is an electronic platform for dealing in government securities and money market instruments. 

Reserve Bank of India (RBI) has taken initiative to provide electronic dealing platform for trading in government securities and money market instruments and automation of the operations (called the PDO-NDS) to facilitate electronic bidding in auctions and transparency of trades in secondary market transactions in Government securities on a real time basis. 

NDS platform has four modules: NDS-Call, NDS-OM (Order Matching), NDS-PDO (Public Debt Office) and NDS-Auction. 

NDS-PDO module (called PDO-NDS) is provided by RBI and other three modules i.e. NDS-Call, 

NDS-OM and NDS-Auction are provided by CCIL (Clearing Corporation of India Limited) to member banks. 

Client machines at Treasury front office and Treasury Operation department communicate with the server in our bank, which in turn relays messages to and from the RBI and CCIL servers. 

Treasury front office uses NDS platform in dealing in government securities and money market instruments and Treasury operations department uses the system for monitoring and managing the activity.

------------------------------------------------------------------------------------------------------------------------

9) CBLO (Collaterized Borrowing & Lending Obligation)-->

Is a money-market product designed to meet the borrowing and lending needs of banks, financial institutions, primary dealers, mutual funds, NBFCs and cooperative banks. 

CBLO is a discounted instrument available in electronic book entry form. 

Clearing Corporation of India Ltd (CCIL) provides the dealing system to participants. 

Banks / Financial Institutions, who are not RBI members, also transact in CBLO product, through member banks like our bank.