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Core Banking System
Navigate Banking Excellence
With Core Banking System
In the fast-evolving world of finance, a robust Core Banking System forms the base of a successful financial institution. At Aspekt, we understand the complex dynamics of the banking industry, and we’ve developed a state-of-the-art Core Banking System that empowers financial institutions and banks to navigate challenges, exceed customer expectations, and stay at the forefront of innovation.
The Aspekt Core Banking System is designed with a deep understanding of the financial landscape, ensuring that your institution thrives on the challenges and opportunities. Whether you’re a bank, credit union, microfinance institution, leasing company, SACCO, or beyond, our Core Banking System empowers you to transform customer experiences, streamline operations, and achieve sustainable growth.
Expand Your CBS with Additional Modules
Anti-Money Laundering (AML)
Prevent money-laundering activities and integration of controlling mechanisms for tracking risky transactions per internationally defined financial standards for AML and your local regulations. Operations supported by AML include Blacklist screening against global watch lists or internal blacklists, KYC Data Compliance, Real-time screening and monitoring of transactions using predefined indicators, Risk and Events Control, Contact Assessment per internal decisions, tracking requests coming from financial intelligence governance, and monitoring.
Credit Scoring
Detailed scoring and rating analyses with a flexible definition of Score Cards for risk assessment. The definition of the Score Card parameters is based on the client’s specific scoring indicators and is integrated into the application process workflow closely related to the product definition.
For automatic processing of the Scorecards, calculation mechanisms such as variable weight, decision tree mechanisms, and others, are integrated within the Application Processing and Approval Processes and provide comprehensive results of the decision process.
Collateral Management
Allocate collateral in an efficient way. It includes efficient identification, management, and allocation of different types of collaterals to mitigate any risks exposures associated with the agreements.
The collateral value and eligibility are automatically calculated based on current market value with an option for a dynamic definition of collateral eligibility criteria based on client needs. The integrated operational workflow supports the generation of secured deals for the collateral on the agreement level.
Customer Relationship Management (CRM)
Simplify front office operations and activities before signed agreement and improve the sales management, marketing management, and communication procedures with all types of contacts.
As a part of the CRM is Legal and Collection Management designed for flexible definition of data regarding collection and court cases, with flexible workflow definition and automated validation controls for starting collection and legal procedure.
Cash Management
Automated cash management process flow enabling real-time booking according to predefined posting schemas. It supports performing transactions in local and foreign currencies, as well as banknote denominations.
The cash management offers an option for flexible management of exchange rates and currencies from user side with automatic calculation of exchange differences that exclude any possibilities for financial losses.
Fund Management
Provide valuable insight into funds availability and monitor closely funds usage and quality assessment rates. Track borrowers and funders in one centralized system and create a more efficient work environment, by aligning loans disbursed with the funder’s payment plans and receive a clear preview of payment’s maturity and cost of capital.
Engage financials effectively and based on informed decisions with automated and streamlined funds allocation, along with flexible repayment plans.
Inventory Management
Track all corporate assets in one place, following a complete asset lifecycle, from the moment the asset is purchased up to the point of eliminating the asset from the asset directory, whether it’s sold, donated, or written off. It supports diverse depreciation models with an option for complete adaptation of the depreciation plan based on client preferences.
Fully integrated with Finance and Accounting for automated postings of values from the generated depreciation plan and tracking only on the selected depreciation books, starting from the asset activation.
Human Resources Management (HR)
Streamline employee management procedures with completely flexible HR workflow definition and adjustment of recruitment operations according to your specific business needs. Handle the entire hiring and selection process more efficiently with a platform that helps you organize better and prioritize activities to improve the decision-making process.
Balance between motivated employees and less performing, through periodical performance reviews that allow you to track employee progress closely and accurately.
Third-Party Integrations
The Aspekt Product Suite excels in facilitating seamless third–party integrations, ensuring effortless connectivity with any external system. This flexibility allows businesses to integrate their preferred third-party solutions effortlessly, maximizing interoperability, efficiency, and innovation.
Our platform serves as a comprehensive communication channel with external transaction systems, enabling organizations to offer standardized approaches and feature extensions to other third parties. This capability enhances the overall functionality and adaptability of organization operations, fostering an environment of continuous improvement and technological advancement.
Invoicing
Support the complete process of creating purchase invoices with tracking payment dates, posting, and document dates connecting the invoice with the respective supplier as well as the maker/checker principle in the invoice approval process.
It supports managing the sales invoice process from invoice data entry with the approval process and four-eye control managing the process workflow up to posting into Finance and Accounting. Automate the process of electronic invoice generation and conveniently deliver payment information to clients by using cost-effective methods.
Key
Features
of Aspekt Core Banking System
Integrated Operations
Multi-Channel Accessibility
Real-Time Insights
Regulatory Compliance
Scalability and Flexibility
Interested to Learn More?
Why
Choose
Aspekt Core Banking System?
End-to-End Automation
Holistic Customer Insights
Agile Adaptability
Enhanced Customer Experience
Data-Driven Decisions
Easy and Open Integrations
Ready to embark on a new era of banking? Explore the capabilities of Aspekt Core Banking System and see how it can revolutionize your institution's approach to banking. Contact us today to learn more about how we're shaping the future of finance, one institution at a time.
