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Lecture III - Types of Software Used in Banks

The document discusses the types of software used in banks. It describes system software like operating systems and device drivers that operate hardware. It also describes application software designed for specific functions. It provides details on core banking software, credit/debit card software, lending applications, HR systems, workflow software, and reporting engines. It explains the key features and functions of these various banking software.

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Muhammad Ramzan
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104 views16 pages

Lecture III - Types of Software Used in Banks

The document discusses the types of software used in banks. It describes system software like operating systems and device drivers that operate hardware. It also describes application software designed for specific functions. It provides details on core banking software, credit/debit card software, lending applications, HR systems, workflow software, and reporting engines. It explains the key features and functions of these various banking software.

Uploaded by

Muhammad Ramzan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Banking Software Selection & Use

Lecture: Types of Software Used in Banks

By
Asim Shahzad
Types of Software
• System Software:
– Software that directly operates the computer hardware, to
provide basic functionality needed by users and other
software, and to provide a platform for running application
software
• Application Software:
– An application program (app or application for short) is a
computer program designed to perform a group of
coordinated functions, tasks, or activities for the benefit of
the user.
• Malicious Software:
– Malware, is software that is developed to harm and
disrupt computers.
System Software
• Operating System:
– The operating system allows the parts of a computer to
work together by performing tasks like transferring data
between memory and disks or rendering output onto a
display device. It provides a platform to run high-level
system software and application software.
• Device Drivers:
– Operate or control a particular type of device that is
attached to a computer.
• Utilities:
– Computer programs designed to assist users in the
maintenance and care of their computers.
Technical Terms
Data Center (DC):
• The place where the central server / servers are housed.
Disaster Recovery Site (DRS)
• An alternate data center which will act as a backup resource and ensure
business continuity in case of DC failure
Data Mirroring:
• Storage devices attached to servers located in DC and DRS are updated on a
real time basis to ensure data integrity and availability. In case of hardware
failure.
Backup:
• A backup, or the process of backing up, refers to the copying and archiving
of computer data so it may be used to restore the original after a data loss
event.
Data Loss:
• Data loss is an error condition in information systems in which information
is destroyed by failures or neglect in storage, transmission, or processing.
Types of Software Used in Banks

• CORE BANKING
• CREDIT CARD
• DEBIT CARD
• PREPAID CARD
• CONSUMER LENDING APPLICATIONS
• WORKFLOW APPLICATIONS
• HUMAN RESOURCE MANAGEMENT SYSTEM
• REPORTING ENGINES
CORE BANKING
SALIENT FEATURES

• “Centralized Online Real-time Electronic” Banking


• Highly Reliable / Sophisticated Central Database
• Highly Secure
• Round the clock 24/7 Transaction processing
• Integrated Alerts Generation
• Integrates with Alternate Delivery Channels
CORE BANKING
• Captures Primary Banking Transactions

– Account Opening
– Cheque Book Management
– Bank Drafts Management
– Cash Deposit / Withdrawal
– Account Transfer
– Term Deposit Issuance, Profit Payment & Maturity
– Loans
CREDIT CARD
“A small plastic card issued by a bank, allowing the holder to
purchase goods or services on credit”.

SALIENT FEATURES
• Customer Details Capturing
• Integration with CORE Banking Software
• Limit Assignment
• Issuance & Activation
• PIN Generation
• Transaction Processing
• Recovery of Charges
• Statement Generation
DEBIT CARD
“A card allowing the holder to transfer money electronically
and withdraw cash through ATM from their bank account
when making a purchase”

SALIENT FEATURES
• Customer Details Capturing
• Integration with CORE Banking Software
• Issuance & Activation
• PIN Generation
• Transaction Processing
• Recovery of Charges
• Maintenance of Logs
PREPAID CARD
“A card issued by a financial institution that is preloaded
with funds and is used like a normal credit card”.

SALIENT FEATURES:
• Customer Details Capturing
• Integration with CORE Banking Software
• Issuance & Activation
• PIN Generation
• Transaction Processing
• Recovery of Charges
CONSUMER LENDING APPLICATIONS
SALIENT FEATURES

• Processing of Loan Applications


• Personal Loans
• Home Loans
• Auto Loans
• Revolving Line of Credit
HUMAN RESOURCE MANAGEMENT
SYSTEM
SALIENT FEATURES

• HR Management Information System


• Payroll
• Time & Attendance Management
• Performance Appraisal
• Recruiting/Learning Management
• Employee Self Service
• Leave Management
• Analytics
WORKFLOW APPLICATIONS
SALIENT FEATURES

• Automation of process requiring series of steps


• Definition of Bank Level Hierarchy
• Approval Matrix
• Setting up Approval Limit Levels
• Setting up Product Approval Levels
• Alerts Generation
WORKFLOW APPLICATIONS
• Oracle Procure-to-Pay (p2p)
• Oracle's Procure-to-Pay is an integrated
solution that links purchasing and payables to
maximize return on invested capital. With
Oracle Procure-to-Pay companies can reduce
cost to improve margin, streamline procure-
to-pay processes to improve working capital,
and drive compliance to optimize asset usage.
REPORTING ENGINES
SALIENT FEATURES
• Generation of complex reports
• Avoid Performance Issues to CORE Banking
• Ability to capture data of multiple banking
applications
• Budgeting & Forecasting
• Profitability Analysis
• Product Development Analysis
• Data output in different formats
• Customized Report Layouts
REPORTING ENGINES
• Oracle Business Intelligence Discoverer
– Discoverer is an intuitive ad-hoc query, reporting,
analysis, and Web-publishing tool that empowers
business users at all levels of the organization to gain
immediate access to information from data marts,
data warehouses, online transaction processing
systems and Oracle E-Business Suite.
• Oracle Hyperion
– Oracle Hyperion Planning is a centralized, Microsoft
Office and Web-based planning, budgeting and
forecasting solution that integrates financial and
operational planning processes and improves business
predictability.

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