Finacle - Core Banking Solution

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Core Banking Solution

  • A comprehensive, integrated yet modular agile business solution
  • Addresses all the core needs of the bank, in easy-to-configure modules
  • Multi entity capabilities to support multiple legal entities, across various geographies, currencies and time zones on a single instance of application
  • Easy to configure modules and components

Key Features

Functional services

Finacle core banking offers a wide range of mainstream and bank-definable services that help banks differentiate offerings by creating uniquely bundled products and services, such as:

  • Standing orders integrated with payment systems, enabled for multi-currency, with auto-execution capabilities
  • Feature-rich bill payment that supports multi-currency payments and collections
  • Remittances offering comprehensive inter-bank and intra-bank funds transfer
  • Flexible and feature-rich clearing services that support both paper-based and image-based clearing
  • Automated exception and approval management with referrals for financial and non-financial exceptions

Reusable business components Users can define which business-enabler functions of Finacle core banking to turn on, and then reuse these across various functions, such as:

  • Interest rate support for definition of differential and slab-based interest rates
  • Rule-based Signature Verification System (SVS)
  • Exchange rate structures with multitiered definitions
  • Tax structure definition and application of withholding tax for defined events
  • Event-based charges with provisions for online and batch collection of charges
  • Support for preferential pricing and discounts, both ad hoc and based on customer segments
  • Inventory management
  • Elaborate channel rules and channelbased differential pricing for charges and interest
  • Rebates, clawbacks, subsidies, planned prepayments and multi-source repayment configuration capabilities for retail loans
  • Direct Selling Agent (DSA) features with capabilities for sub-DSA, turnover and commissions calculations
  • Extensive framework for bank management with user definition capabilities, audit trail features, reporting and exception management

Accounting backbone

Finacle core banking has a built-in integrated financial and accounting management system with multicurrency support, that effectively serves banks with multiple branches and profit centers. The integrated general ledger module supports real-time online updating of transactions and allows real time generation of statements that show the bank’s financial position. At the same time, the transaction manager auto-generates all batch and online transactions while processing large transaction volumes, complete with validations and defined checks.


  • Finacle core banking empowers users with a wide range of utilities to enhance operational efficiency and facilitate ease of use. These include:
  • 24 x 7 capabilities to operate round the-clock through branches and channels even during batch job execution and day-end operations
  • Integrated, secure, and scalable reporting infrastructure
  • Ease of integration with industry standards-based framework and readymade adapters to integrate with
  • existing and external systems
  • Single Sign On (SSO) for uniform and common authentication
  • Sophisticated security management at application, database, and user levels with built-in checks and role-based access
  • Support for multiple calendars such as Gregorian, Hijri and Buddha
  • A Batch Job Scheduler (BJS) to automate invocation, execution and monitoring of batch jobs at defined schedules
  • BPEL/BPML based workflow for automation of sequential business processes with reduced manual intervention
  • Finacle Studio to create bank definable business rules and logic for behavior and outcome of business events



Product/Service details

Geographic Availability
Africa, Asia-Pacific, Europe, Middle East, North America, South America