SmartBank Core Banking System

SmartBank the Flagship Product

 

SmartBank Core Banking system is the flagship product of Banking and Finance Information Technology (B&F Soft), covering the retail and wholesale bank requirements, developed with the vision of global and local banking practice in mind. Our aim is to enable banks to offer their customers the latest, most reliable and most competitive banking services.

 

SmartBank is a platform independent, developed using state of the art software development tools, using the object-oriented technology and based on the client/server architecture.

 

SmartBank runs on different Platforms (NT, WIN2000, AS400 and UNIX such as IBM AIX, SUN Solaris, HP UNIX, NCR, DEC, Bull, Motorola, Siemens, etc) and supports major standard RDBMS, such as, Oracle, Informix, IBM DB2, Sybase and SQL server.

 

SmartBank is Integrated, Modular, Multi-Lingual, Multi-Currency, and Multi-Branch Banking System, supports any chart of accounts including the French accounting system. SmartBank parameter driven modules make a very well controlled implementation process, enable banks to easily adapt the system to the future technology changes and the customer needs.

 

SmartBank Core Modules:

  • Static Data and Parameters

  • Customer’s Information

  • General Ledger

  • Central Bank Reports

  • Retail

  • Teller

SmartBank Optional Modules:

  • Smart Trade Finance(STF)

  • Smart Deal System(SDS)

  • SmartSign (SSG)

  • Smart Phone Banking(SPB)

  • SmartTestkey (STK)

  • SmartTelex (STX)

  • SmartArchive(SAR)

  • ATM Card Manager

SmartBank Features

 

Integrated and Modular

SmartBank is an integrated banking system, its modular design allows each module to work as a fully integrated module with the core or as a separate standalone applications.

 

International Standards

SmartBank design has been built using the international standards (e.g. ISO, SWIFT) particularly the definition of the data fields and data structures.

 

Multi-Lingual

SmartBank is a Multi-Lingual banking system, users select their preferred language for screens, reports and messages. Customer preferred language for correspondence could be defined in his profile.

 

Multi-Currency

SmartBank supports Multi-Currency and Dual Currency accounting systems.

 

For Multi-Currency accounting system, currency position is automatically maintained. Revaluation, month end and year end accounting entries are automatically generated.

 

General Ledger reports e.g. balance sheet, profit and loss, and trial balance are generated in subject currency and translated to the local currency.

SmartBank supports any chart of account including the French standard accounting system.

 

Multi-Branch

SmartBank supports Multi-Branch operations, each branch may operate as a separate accounting entity, and inter-branch transactions are automatically reconciled between branches. SmartBank supports branch network using different or same hardware and either shared database or different databases.

 

Consolidation

SmartBank supports consolidated bankwise reporting, which represents the overall position of the bank. Wide range of reports is produced.

 

Online/Real-time

SmartBank is real-time transaction processing system. All database updates are done as soon as the transactions approved. This ensures database integrity and up to date positions and balances, which are instantly available for enquiries and reports, allowing online tracking of exposures and reducing risk.

 

Risk Management

SmartBank has online real-time limits control.

The bank can monitor the exposure for currency, group of currencies, customers, group of customers...etc.

 

Security

SmartBank is highly secured system, through security administration suite the following security issues are comprehensively covered:

  • Users and Operations Security: Who may login to the system and what jobs he can do

  • Accounts Information Security: Only users authorized to access a specific account, can see its information

  • Transaction Positing Security: Transaction is not accepted unless it is verified twice (A Signatory, B Signatory), in a specific conditions the transaction is sent for authorization

  • Over Draft Limit (Authorization amount) can be defined for each authorizer

  • Every action done is registered and printed in audit trails and logs.

Flexibility

SmartBank allows the bank to define its own business requirements by tailoring the system using hundreds of parameters, which change the system behaviour according to the bank needs.

 

Transaction Queues

SmartBank supports transaction queues, which allow maximum efficiency and easy transaction workflow through out the departments of the bank.

 

Form and Batch Posting

SmartBank supports form-based and free batch posting. The form-based posting assures the maximum correctness of the accounting entries.

 

Ease of Use

SmartBank is based on windows graphical user interface (GUI), which allows the end user to be familiar with SmartBank quickly and reduces implementation time.

  • Supports multiple windows technique

  • Drop down windows to select predefined static data and codes

  • Context sensitive help in user preferred language

  • Extensive information and error messages are displayed in message boxes.

  • Clear and comprehensive screens and reports.

Documentation

SmartBank Documentation contains hundreds of clean and comprehensive pages of text, supplied in printed form and as on-line help text to be displayed whenever required from within the system.

 

Multi-Links

SmartBank supports online links to SWIFT, Telex, FAX and Email and Internet. It also supports online real-time links to market rates and deal captures.

 

More Features

  • Automatic generation of accounting entries

  • Automatic generation of position entries

  • Online printing of ticket and advice

  • Report writer to generate new reports

  • Integrated Signature Verification System

  • Integrated Trade Finance System

  • Integrated Dealing Room System

  • Integrated Fund Transfer System

  • Easy Integration with other systems

Screens and reports can be customised according to the bank requirements.

 

SmartBank Core Modules (SBK)

 

Static Data and Parameters

Static Data tables keep all the central information and parameters to be used by all modules, one of the major step in the implementation is to customise these static data tables and parameters to meet the bank requirements.

 

Customer’s Information

SmartBank keeps all the details of customer’s information in a set of tables, e.g. customer and bank tables, tightly integrated with SmartSign (SSG) system for customer’s signature and photo management.

 

General Ledger

SmartBank user definable chart of account allows the bank to have the full control over the definition of the general ledger accounts behavior and nature, including the control accounts for other modules.

 

SmartBank multi-currency general ledger provides comprehensive accounting techniques and functions as well as a wide range of reports such as balance sheet, profit and loss, trial balance reports for each currency, allowing the bank to produce its financial statements translated to local currency, in accordance with the bank policy.

 

General Ledger Functions:

  • General Ledger application accepts Auto-generated entries from other applications, and direct posting to General Ledger accounts such as income and expense

  • Foreign currency revaluation and automatic adjustments of accounts

  • Consolidated reports are created from General Ledger application

  • Month end and year end automatic closing

  • Budget forecasting and comparative financial reports

  • Interest accrual and capitalization

  • Value dating.

 

Central Bank Reports

This is an integrated module with General Ledger module, to facilitate the generation of the central bank reports.

SmartBank has a flexible technique for the definition and generation of the central bank reports including localization requirements.

 

Retail

The Retail module is fully integrated module with SmartBank Core module and provides a wide coverage of retail banking services including:

  • Current Accounts(DDA)

  • Call Accounts

  • Nostro and Vostro

  • Saving and Passbooks

  • Customer Deposits

  • Inter-Bank Deposits

  • Loans and Bills Discounted

  • Liabilities (Import/Export L/C, L/G, Shipping Guarantee, and Cash Margin)

  • Clean, Documentary Collection and Clearing

  • Other Applications.

 

Teller

This is an integrated module with the SmartBank Core module, and supports Till management, transaction processing, passbook and online customer signature and photo verification.

 

SmartBank Optional Modules

 

Smart Trade Finance(STF)

B&F Soft Smart Trade Finance focuses on the trade finance services applying a high automation and administrative control over every aspect of trade finance operations, to relief the bank staff from doing unnecessary and repeatedly activities and let them to concentrate on their trade finance business.

 

Smart Trade Finance Covers:

  • Import Letter of Credit

  • Export Letter of Credit

  • Guarantees

  • Import and Export Collections

  • Automatic Commissions/Charges and Liabilities Calculations

  • Interfaces to SWIFT/Telex/FAX/Email

  • Limit Monitoring

  • Extensive inquiries and reporting facilities

  • Integrated with SmartArchive (SAR) for document scanning and retrieval.

Smart Deal System(SDS)

B&F Soft Smart Deal is the front office dealing system available to provide a comprehensive support of treasury operations such as.

  • FX

  • Money Market

  • Margin Trading

  • Securities

  • Interfaces to SWIFT/Telex/FAX/Email

  • Limit Monitoring

  • Extensive inquiries and reporting facilities

Smart Deal has online real-time deal capture and rate interface, and provides the dealer with online limits exposure information for counterparty, group of counterparties, currency, group of currencies, country, trade area, dealer or group of dealers.

Real-time FX currency position for each instrument or currency pairs traded, showing the position in the subject currency, base currency and local currency.

Online revaluation using live market rates and profit and loss calculation.

Deals captured by the front office can be automatically posted to SmartBank back office system for accounting generation and settlement purposes.

 

Smart Phone Banking(SPB)

B&F Soft Smart Phone Banking System provides the bank’s customers with a wide range of banking services such as account balance inquiry using normal touch-tone phone, it also allows more services to be added upon the bank requirements e.g. bills payment, check book request, etc.

Unique encrypted PIN number generated by the bank and changeable by the customer, secures the system against unauthorized access.

Comprehensive logging and auditing tools are provided to record every event such as calls log, service log, line status and audit log.

 

SmartTestkey (STK) & SmartTelex (STX)

B&F Soft SmartTelex and SmartTestkey Systems provide a comprehensive functionality for both the telex box communication and the telex testkey handling.

SmartTestkey supports wide range of testkey’s algorithms. It can work as stand alone system for manual testkey calculation or in integrated environment to receive telex messages from Message Interface Manager (MIM) for automatic testing.

 

SmartSign(SSG)

B&F Soft SmartSign is a Signature Storage and Retrieval System, it is tightly integrated with SmartBank, provides the bank with professional, secure and efficient way of handling customers signatures and photos.

 

Features:

  • Integrated with SmartBank

  • Security control to define allowed users who will scan signatures, verify accounts or work as tellers

  • Highly sophisticated compression/decompression algorithm

  • Flexible account tree hierarchy to support both simple and complex account’s e.g. correspondents account.

  • Separate set of tables to handle signatures and mandates changes and scanning operations

  • Support one or two verifiers

  • Support bank’s internal signatures verification

  • Export and Import utilities.

SmartArchive (SAR)

B&F Soft Smart Archive System provides an integrated document archiving environment for SmartBank modules.

 

ATM Card Manager

ATM Card Manager module provides a wide range of functions to control the last minute ATM card transaction before final processing.

  • Add/Delete or suspend ATM Card

  • ATM Card limit control

  • Comprehensive reports and inquires facilities

 
 

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