With innovative thinking and a proper understanding of current challenges in the banking sector, AYN InfoTech has launched Oak CBS Software to offer agile and technological-driven solutions.
Bank may deploy and upgrade OAK Core Banking Solution selectively and progressively. Oak supports multinational operations due to its various capabilities like multi-entity, multilingual, multi-currency and multi-time zone. Oak Core Banking System enables the bank to extend the platform using GUI tools without disturbing the source code.
Oak CBS is a highly secured platform that protects data and application layers. Cloud-based Oak CBS supports production, development and testing across private, public and hybrid cloud environments.
Oak CBS is an agile solution that integrates seamlessly with the bank's core system. This approach enables banking and financial institutions to surround their legacy core platform and progressively transform their Core Banking System. It helps automate front-end and back-end processes of the bank to achieve centralized and smooth processing.
Features to Strengthen the Banking System
1. SWIFT Integration
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides security in transferring funds internationally among banks and other financial institutions in an encrypted format. The programmers have developed modules to integrate the back office system message formats to SWIFT messaging standards for better security. Oak CBS supports all SWIFT products and services on all platforms.
2. Core API Integration
They have programmed and implemented E-prescribing (eRx) to secure transmission of E-Prescription and medical test requests between healthcare providers, pharmacies, imaging centers and transaction hubs. AYN InfoTech uses HIPAA-compliant messaging standards for editing, renewing, ordering, confirming and updating any E-Prescription in real-time. By integrating Electronic Health and Records(EHR) databases with E-Prescription databases, they have enabled effective research on drug-drug interaction.
3. NPA Management Solution
Oak CBS initiated Non-Performing Asset (NPA) automation that evaluates credit score, provide Early Warning Signals (EWS), categorized special mention accounts (SMA) of customers. It collects all customer data like repayment capacity, credit card score, willingness to payback, and understands borrowers' behavior to provide predictive analysis for supporting lending decisions to financial institutions. NPA solution also takes various necessary actions like follow-ups, scheduling meetings, legal file cases, etc.
4. Risk Management Solution
Risk Management Solution (RMS) helps identify, manage, and mitigate risks like financial risks, liquidity risks, credit risks, regulatory risks, market risks, etc. With this solution, financial institutions will understand the risks and get comprehensive insights about customers and protect them from possible threats, which mitigate potential frauds and identity thefts.
5. Insight Optimization
Oak Core Banking Software has adopted Business Intelligence to address customers and business challenges across the banking landscape. Business Intelligence tracks past trends to make data-driven decisions for future challenges and predicts future trends. It helps automates business processes to increase accuracy and efficiency in daily operations. This intelligent solution exploits the latest technology and effectively extracts insights from structured and unstructured data, which helps banks explore opportunities and areas for investing in the future.
6. Core CRM Integration
CRM Integration with Oak Core Banking Solution to help banks manage customers and better understand their requirements to provide the right solution. It automates processes like performance monitoring dashboard, KPI tracking, workflow management, sales and marketing automation, which leads to increased employee productivity. CRM Integration enables banks to have more efficient, personalized customer communication and also increase lead conversion. It helps inter-department data tracking and mitigates errors by providing real-time data updates.
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It's the Right Time to Put your Core in the Hands of Technologies!
Technologies empower Oak CBS with better functionalities to accelerate processes to boost productivity by offering unique solutions while keeping data security a top concern.
• RPA (Robotic Process Automation) mitigates business response time and human error by automating mundane tasks.
• Blockchain tracks and maintain transaction on hyper ledger making data impossible to tamper.
• Artificial Intelligence is boosting automation and gain strategic business insights for better decision making.
• Cloud-based Oak CBS empowers business by accelerating innovation and provide business agility while optimizing costs.
About AYN InfoTech
AYN InfoTech Limited is an independent, leading IT firm specialized in the emerging digital transformation as well as efficient Enterprise business applications (CRM, ERP, CBS, Healthcare) implementations, ranging from mid - to large-sized private- and public-sector organizations globally. AYN InfoTech is certified with ISO 27001:2013, ISO 9001:2015, ISO 27031:2011, CMMi Level 3 and HIPAA compliant. We work on innovative ideas by leveraging technologies like AI, Blockchain, and IoT to provide excellent products and services.
Our services are customer-centric and deal with the client’s business transformation objectives by transforming its people, processes, and technology by adapting to unique methodology.
Our business ethics and operations are guided by our vision to be the most customer-centric and valued Information Technology brand in the Industry.
AYN InfoTech Limited
Address – Rajashree Estate, 2nd Floor,
India - 411057
Website – www.ayninfotech.com
Phone- 1800 266 8999
Email – [email protected]