Dr. Rajeev Papneja explains the Mindset of Cooperative Banks & How ESDS played a significant role in not only offering a product, but full-fledged solutions to 250+ Cooperative Banks.
Mr. Bhaskar Rao, IT General Manager, Vasai Vikas Sahakari Bank Ltd. shares special views on the advantages and necessity of a perfect cloud DR solution for the banking sector. Also, appreciates eNlight cloud’s scalable technology.
Honorable Mr. M L Sukhdeve, Chairman, The Maharashtra State Co-operative Bank Ltd. talks about Cloud Computing being one of the requirement and the need in Banking services today, he also mentions how Cloud has major relevance in the co-operative banking sector.
ESDS' eNlight cloud satisfies major concerns of Banking sectors and financial institutes which mainly includes skilled man power in Information Security, managing servers, database, and network also for outsource banking services for Core banking, Internet banking, Mobile Banking through a specific service provider.
Merge best breed banking services with comprehensive infrastructure inclusive of advanced technology, Uptime Certified Tier III security and custom-configurations to complement your core banking architecture.
Get strong network connectivity between client sites, remote client branches and ESDS Datacenter. Host in a secure infrastructure that accommodates all or a mix of services. Build a Complete Solution for all your Core Banking needs in India.
With transactions being processed in bulk volumes everyday, your business priority is to be able to scale up without breaking in between
Banking has numerous changeable modules for which you need the flexibility to configure the right mix of IT resources at the right time
To keep up with the fast paced competition, your banking technology must be able to quickly adapt to number of changes and transformations
To meet the challenge of extending best quality banking services while maintaining a low cost structure, you require core banking
You gain a branchless banking experience with the help of our multiple network delivery channels, capable of reaching to the banking as well as non-banking population.
Financial Institutions and Microfinance Organizations can promise easy banking to remote users using devices like laptops, smart phones, kiosks, etc., through our Financial Inclusion Service Model.
ESDS gives you Core Banking Plus, i.e. all the plusses of Core Banking on a single independent platform. With our enterprise-class infrastructure of Tier III Grade and forward-looking technology combined with Exuberant Support and Management, you are no longer required to approach third party for any core banking component.
Securing your bank against the ever-increasing number of ATM attacks and frauds is high priority. Banking leaders do understand the need of the hour, for which they're striving to design a secure ATM system to protect banks against contingencies.
A Life-support ATM Solution is programmed to release security alerts in occurrences of fire, vibration, motion of the door; this solution empowers banks to take action instantly.
The Micro ATM system is powered with a life-support wireless panic switch, for emergency use by the ATM Security Guard and is also integrated with biometric system to record the attendance of the ATM Guard.
ESDS’ Agency Banking Application helps financial service providers reach unbanked and under-banked areas and get high volume and low value transactions flowing. The multichannel app enables agents to perform financial transactions on behalf of customers, such as deposits, withdrawals, bill payments, top-ups, transfers, remittances and even apply for financial products such as loans and insurance.
The solution is beneficial for both rural and urban metro consumers. It provides a complete Business Correspondent Management Module for bank's business correspondents or agents on the field who can use AG TabBank to assist customers in opening accounts, collecting EMIs and paying insurance premiums among other things. All the processing of the requirements is done in real time!
It allows FSPs to increase cross-sales, shift low value, high volume transactions to agents and reduce load on branches, tap large inbound and outbound remittance markets, expand to under-served markets, scale up to different market segments, serve unbanked and rural areas with low population density and lower fixed cost in conducting transactions.
ESDS’ electronic Know Your Customer (AG eKYC) is a real-time solution that conducts instant electronic KYC and helps financial institutes and business houses take advantage of the AADHAR based KYC services provided by UIDAI. It also assists organisations to go through the prescribed Authentication User Agency (AUA) and KYC User Agency (KUA) registration processes.
Once deployed, the solution enables individual customers to authorize service providers like banks, stock brokers, insurance providers and others to receive electronic copy of address proof and their proof of identity. As this is a real-time solution and can be enabled on hand-held devices too, business houses can provide instant on-boarding services to customers at the customer’s premises itself.
With an AADHAR registry-based authentication module and instant identity biometric & data verification ESDS eKYC Software stack is also Highly Configurable, Compliance & Audit Ready, Highly Scalable, Paperless & Instantaneous and Cost-effective. It also enables Financial Inclusion, Workflow Capability and Fraud Detection besides having Secure In-house Servers.
ESDS offers complete mobile banking solution for banks including account related, location based and card related services among other things that enhances the overall banking experience of a customer. The robust solution with a number of interfaces like Mobile Banking, Tablet Banking & Social Media Banking is integrated with the core banking system of the bank.
Some of the important features include Balance Inquiry, Mini Statement, Cheque Status Inquiry, Interest Rates Inquiry, Funds Transfer, 3rd Party Transfer, IMPS, Stop Cheque Request, Cheque Book Request and Deposits Request among others.
ESDS banking solution will also accommodate Unified Payment Interface (UPI) that will allow users to transfer funds and make payments across multiple banks even without being customers. Similarly, Bharat Bill Payment Service (BBPS) will also be facilitated which will expedite recurrent payments such as utility bills through a single outlet.
ESDS’ Quick Response (QR) Code-based payment system revolutionizes payments and the use of self-service machines, offering a new and extraordinary customer experience. It gives customers the ability to transfer and receive money from their mobile banking app in a very secure manner. This industry-leading feature allows banks, credit societies and similar entities
to better service and protect their customers by leveraging cross-channel interaction. The QR code application is available on Android and uses a smartphone to pay, transfer and receive money through the simple scanning of a QR Code. Using a simple initiation process of downloading the QR application and a one-time secure input of mobile number and bank details, it enables transactions in seconds.
The benefits of this payment method are enormous for both consumers and merchants. For the former the best advantages include easy transfer, real time credit of funds and reconciliation, no POS machine required, maintenance free, fraud-proof transactions and freedom from the hassle of handling cash among others things.
ESDS TabBank Solution empowers field agents to initiate customer on-boarding apart from enabling dynamic lead management while they are on the move. Besides, these agents can also perform account servicing activities from the field itself once empowered with tabs.
The Tab Banking Solution also decrease the cycle time and bring greater transparency to the collections process. Key features like multiple applications on single tab, seamless configuration with external card reader and biometric reader, centralized control of tablets and other hand-held terminals, support with multiple card types, card-less transactions and authentication mechanisms and data security makes the ESDS TabBank solution a perfect fit for futuristic banking needs.
Allowing two parties to execute a transaction without any intermediary, ESDS’ Blockchain solution aids financial institutions to execute and verify transactions discreetly without any human intervention. The Blockchain architecture can considerably bring down the expenses and diminish inefficiencies in the financial sector.
Involving an anonymous electronic ledger connected to the bank server, the solution records various transactions and also protects the identities of the users. With the help of cryptography, the tamper-proof permissioned ledger is shared between parties on computer servers.
This technology can be used for money transfers, record keeping and other back-end functions. Its main advantage is reduction in costs and reduction inefficiencies in the financial sector.
All the different devices that costumers use for banking services like transactions or enquiries can be connected via ESDS IoT platform where data is aggregated to be transformed into actionable insights. Using this Big Data banks and financial institutions can offer different services or rewards to customers and add value to their banking experience thus attracting more business.
For instance, banks can analyse their footfalls vis-a-vis walk-in customers on-boarded and accordingly improvise their offerings and services. Similarly, use of ATM kiosks in different areas can be analysed with sensors and accordingly ATM installation can be increased or decreased depending on the usage. Similarly, in agriculture sector, banks can analyze the farm crop output and accordingly provide flexibility in financial terms making their relationship with farmers stronger. IoT can also be used to predict fraud in card transactions by verifying account holders mobile or device location with that of the transaction location.
And this is just the top of the IoT iceberg, ESDS IoT-enabled Banking Services can transform your bank’s future by integrating information received from IoT devices.
Smaller banking enterprises find a low cost solution with ESDS' Hosted Core banking or SaaS. Avoid high infrastructure investment that comes with Core Banking, while you move to a SaaS or a hosted model which is highly economical. Build SaaS on a centralized datacenter infrastructure, where the core banking app is available for use by banks, credit societies and microfinance institutions.
You pay only rent and lay off the large upfront costs of tedious hardware setups, while you're put on redundant technology and best in class infrastructure.
With mere investment in user desktops and branch LANs, SMBs experience Smart Core Banking with detailed benefit structure.
Along with confidentiality, your bank needs continuity. Regardless of size, your bank must meet the client demands so that you remain true to "Anywhere Anytime" banking promise.
Generate 100% uptime with our Cloud-hosted Disaster Recovery or DRaS Model for Core Banking.
Your bank gets easy recovery by moving to eNlight Cloud within no time, in case a disaster strikes. You get Core Banking Plus* with continuous High Performing Applications through auto-switch to DR site and Real time data and application replication.
Stay empowered with our Disaster Recovery Solution which saves up to 90% of your DR costs.
Banks, credit societies and financial organizations can make the best out of Tier III infrastructure, technical expertise and comprehensive solution package to build a turnkey datacenter or a disaster recovery site to fully build-deploy-manage-monitor their banking data and apps.
Your bank is different that the other one in the financial market, and so is your turnkey requirement. Collaborate with turnkey project experts to carry out in-depth study of your banking business and true-match a turnkey solution with your need.
Get Co-location for greater control over your server. Your bank application, web and mail servers need an all-power infrastructure, with redundant storage and network so that your banking business is highly available.
Tier III ESDS provides longevity to your servers, since they are housed in N+1 environment which produces high power, storage and network redundancy. Easily accommodate 1U, 2U and 4U rack mount or blade servers. In case of custom requirements, get Quarter, Half, or Full Rack cabinets.
Viewing, recording, copying, storing and maintaining heterogeneous banking documents has ever been a challenge for banking/financial institutions - be it small or large-sized. Secure document viewing and management defines "how effectively" you do banking.
Document Management System is an easy-to-use and quick-to-deploy data manager, which ensures that your banking credentials are structured and organized securely.
Dated 1st of July 2011, RBI in its Master Circular declared that banks must introduce a system for record maintenance in absolute forms i.e. hard copies as well as soft copies, both of which are highly accessible. W.r.t client's banking and personal information, a strict data maintenance system must be built, so that authorities are able to retrieve minimum 10-year old data within a short span of time
Set of programs that convert your banking documents into electronic format –which later becomes easy to view, read, track, store and to retrieve from any branch location.
You get instant access to data, extensive storage and managed banking with DMS, at an affordable cost.
Wonderful journey, great people. Pravara was deeply involved into acquiring the right technology provider for DC and DR setups with prior experience and high expertise. Along with that, we required a vendor who could provide us with customized solutions. Since day one, ESDS has proven to be the best solution provider for Pravara by provisioning for customized computing resources, adhering to their promise of 100% uptime across Pravara's 31 branches. They've extended great support and security services.
ESDS has supported Shahada Bank with excellent technology and services through their unique eNlight cloud platform. Our bank has benefitted from eNlight’s scalability and especially pay-per-use model. As per RBI guidelines, Shahada has been able to onboard the best cloud technology on a highly secure and auto scalable platform, offered by eNlight. Staff at ESDS is always ready to help. We have great relation with ESDS and wonderful working experience with ESDS. Thanks and Congratulations, ESDS.
The Satara District Central Co-operative Bank (SDCCB) experiences 100% uptime of DC & DR sites for more than 2 years with ESDS's highly customized End-to-End Turnkey Banking Solution. The solution connects more than 300 branches and extension counter... Read Full Case Study