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Management Accounting Systems Used by Dcb Bank

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MANAGEMENT ACCOUNTING SYSTEMS USED BY DCB BANK ,VASCO-GOA IS FINACLE: What is finacle? Finacle was successfully implemented and went live on 28th November at ABN AMRO, Taiwan. This is a major milestone bringing next generation banking technology to support the current business and future growth.Finacle finace tools are ideal for engaging banking customers in interactive and personalised product selections and illustrations. Now you can reveal the features and benefits of your financial product
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  MANAGEMENT ACCOUNTING SYSTEMSUSED BY DCB BANK ,VASCO-GOA IS FINACLE:   What is finacle?  Finacle was successfully implemented and went live on 28th November at ABN AMRO,Taiwan. This is a major milestone bringing next generation banking technology to support thecurrent business and future growth.Finacle finace tools are ideal for engaging banking customersin interactive and personalised product selections and illustrations. Now you can reveal thefeatures and benefits of your financial products, while enabling your customer to compare, selectand rank your offeringsAvailable for use stand-alone, and in combination with other Finacle components and third-partysystems, finance tools can be applied to all of your sales and marketing channels and at eachstage of the customer relationship life cycle.Finacle finance tools feature proven calculations engines and user interfaces that are can beexternally configured by your staff to accurately model an unlimited number of your financialproducts.Extensive integration interfaces are also available to accept product, customer and user interfaceconfiguration data from external sources and systems, and to deliver computed results to externalsystems. Miss.Sweeja Parab ,manager of this bank provides information regarding it   why does this bank prefers using finacle?  it provide our bank tremendous business agility and time-to-market advantage. Apart from therich functionality and open architecture, we are especially impressed with its flexibility and scalability, which we feel is critical to our retail driven growth strategy. Infosys’ impeccable delivery track record, global experience of working with leading banks and the financial viability  reinforced our confidence in selecting such a software.it carries out our entire banking and we have no problem with it. Advantages of finacle: Business Benefits Cost-effective Business Engine  Finacle inclusion solution enables banks to gain access to a new customer segment and cash inon rich hitherto untapped deposit bases, by setting up a low-cost channel to bank the unbanked,for lesser than US $ 1000 an extension counter. Ease of Operation  Banks can deploy the solution to on-board customers offline, even in the absence of Internetconnectivity. Offline banking is enabled through ubiquitous and easy to use devices such aslaptops. The innovative spot-registration process supports both smart-card and smart application-based banking, reducing customer on-boarding time and lowering entry barriers. The solution can be easily deployed by the bank’s staff or business correspondents.   Robust Security  Fingerprint-based biometric authentication ensures the reliability of every transaction performedusing Finacle inclusion solution. In addition, it offers extensive application security features likeURL encryption, referral URL check and session management to provide a robust securityframework. In addition, data security is achieved through industry standard triple DESencryption. Cost Savings  The solution presents banks with the advantages of reduced integration by leveraging commoninterface messages, maintenance and deployment costs. This translates into significant costsavings without banks having to compromise on features or the range of devices supported.Inherently independent of the network service provider, it obviates the need to build a businessmodel that involves costs and profits sharing with them.    Customer Delight  With Finacle inclusion solution, banks can offer a rich and differentiated value proposition forthe unbanked. They can suitably tailor products and services to meet the needs of the unbankedwith features that include:    Support for local language in the application    Transaction confirmation messages voiced in the local language    Fingerprint-based biometric authentication to overcome the literacy barrier Other banks using FINACLE software as Management Accounting System:   ABN AMRO, Taiwan   Aspis Bank, Greece   ANZ, Australia   Arab National Bank, Saudi Arabia   Bank of Alexandria, Egypt   Dunbar Bank   First Bank of Nigeria, Plc . ICICI Bank Ltd., India   Punjab National Bank   Union Bank of The Philippines  
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