Introduction

Banks, regardless of their size, must continue to meet clientdemands by providing state-of the-art and personalized products and services with greater efficiency and at a lower cost. To do this successfully, you need the right core banking application. The-Core is an integrated client /server banking environment with a worldwide user-base of over 150 clients– and growing. ITS-Core is also implemented and running live at 22 customer sites (of which 11 are Islamic banks) all over the Middle East, Turkey, and Malaysia. ITS-Core technology delivers superior benefits across the entire enterprise, from cost savings to performance benefits to a reduced learning curve for training the entire staff.

General System Features

ITS-Core supports all the core areas of the bank data processing but, unlike its legacy counterparts, it delivers superior capabilities in areas such as client relationship management, financial reporting  and management decision support.

The system has the following key features:
All ITS-Core applications (General Ledger, Deposit, Loan, Relationship Information Management, Budgeting and Executive Analysis Module) provide a powerful search and data display engine to ensure a rapid and precise response to the client inquiries The distributed information with centralized data access provides the convenience of serving any clientat any branch with the security, control and decision-making advantages of a complete integration of all information resources.

The system’s rate calculations for all products and accounts are managed through a centralized table of rate indexes The system design criteria, ensures full integration, multi-channels and multi-currency capacities, The system provides a global messaging facility that allows the bank to attach various messages (one-time vs. recurring basis) to any window or account record within the system. The system is designed and developed in a highly parameterized way to ensure ease of use, flexibility of change in addition to simple maintenance the system offers a key competitive advantage for both new and established banks. It provides competitive products whilst reducing the enormous data processing overhead typically associated with technical sophistication.

ITS-Core Functional Architecture

ITS-Core is the heart of the solution products. It has the following integrated modules:

• Client’s comprehensive information records (RIM Module)
• Client’s deposit accounts (Deposit Module)
• Client’s financing accounts (Loan Module)
• Bank’s general ledger accounts with an integrated budgeting module (GL Module and Budgeting Module)
• Financial reporting Module

ITS-Core also comes with the following optional modules:

• EIS Module
• Salary and Settlements Module: This module requires a separate license

ITS-CORE has its own published interface (API) to make it open and able to interface/integrate with other solutions. It is also integrated with the SWIFT system to generate appropriate messages.