What is the Shiva Core Banking System?
Shiva Core Banking System is a web-based, highly flexible, and scalable platform designed to streamline the operations of financial institutions, whether you’re managing banks, credit unions, microfinance institutions, or cooperatives. Built to operate seamlessly in real-time, Shiva CBS ensures comprehensive control over essential banking functionalities, including current accounts, savings accounts, fixed deposits, loans, and more.
The system enables institutions to offer a wide array of banking products while reducing complexity, improving operational efficiency, and enhancing customer satisfaction. With its web-based architecture, Shiva CBS allows for easy access and management from anywhere, ensuring that your institution remains agile and responsive in a fast-changing financial landscape.
Key Features of Shiva Core Banking System
Customer-Centric Design
Shiva Core Banking System enables financial institutions to put the customer at the center of their operations. With detailed customer profiles, history tracking, and personalized services, you can manage customer relationships more effectively, fostering loyalty and ensuring satisfaction.
- 360-degree customer view
- Customizable KYC (Know Your Customer) processes
- Customer segmentation for personalized products
Account Management
Seamlessly manage a variety of accounts—savings, loans, fixed deposits, and current accounts—all in one platform. With real-time updates and a user-friendly interface, account management has never been simpler.
- Flexible account creation and management
- Multi-currency support
- Automated interest calculations
- Overdraft management
- Real-time reporting and notifications
Savings and Deposit Products
Offer a wide range of customizable savings and deposit products to suit customer needs. Shiva CBS ensures flexibility, enabling you to define and adjust interest rates, terms, and conditions in real-time.
- Fixed, recurring, and flexible deposit accounts
- Automatic interest accruals and payments
- Tiered interest rates for deposit growth
- Withdrawal limits and penalty configurations
Payments and Transfers
Shiva Core Banking System offers a robust payment and transfer module, facilitating secure, real-time money transfers and payments. This module supports multiple channels, from mobile payments to wire transfers, ensuring your customers can send and receive money with ease.
- Real-time payments and transfers
- Multi-channel access (mobile, online, in-branch)
- Cross-border and domestic transfers
- Payment gateway integration for e-commerce transactions
Loan and Credit Management
Manage loans effortlessly with Shiva CBS’s comprehensive loan lifecycle management features. From disbursement to repayment tracking, the system automates processes, reducing paperwork and errors while improving efficiency.
- Loan disbursement automation
- Customizable repayment schedules
- Delinquency management and risk analysis
- Integrated credit scoring and approval workflows
- Real-time loan status tracking
Branchless and Digital Banking
Extend your reach with our branchless banking capabilities. Shiva CBS supports mobile banking, internet banking, and agent banking, empowering your customers to access financial services anytime, anywhere.
- Mobile banking app integration
- Internet banking with secure customer access
- Agent and branchless banking support
- SMS and USSD banking features
- Secure authentication (2FA, OTP)
Comprehensive Reporting and Analytics
Make informed decisions with Shiva CBS’s powerful reporting and analytics tools. Generate real-time reports on loans, deposits, customer data, and overall institutional performance. Customized dashboards provide deep insights into operational performance.
- Pre-built and custom reporting templates
- Regulatory compliance reports (MIS, AML)
- Performance dashboards
- Business intelligence and analytics tools
- Real-time data visualization and trends analysis
Compliance and Security
Shiva Core Banking System prioritizes compliance with national and international banking regulations, ensuring your institution adheres to AML, KYC, and other financial requirements. With built-in security protocols, the system provides a safe environment for all transactions.
- Compliance with KYC, AML, and other regulations
- Role-based access control
- Multi-layered security protocols
- Audit trails and transaction logs
- Data encryption and secure backups
Microfinance and Group Lending
Empower community-based lending institutions and microfinance organizations with tailored solutions for group loans and micro-lending. Shiva CBS’s robust group lending functionality allows institutions to manage self-help groups, joint liability groups, and other collective lending structures.
- Group lending management
- Flexible repayment options (individual/group level)
- Customizable loan products for microfinance institutions
- Social performance management and impact tracking
Cloud-Ready & Scalable
Shiva CBS is a cloud-enabled solution, offering the flexibility to deploy either on-premise or in the cloud, allowing institutions to scale as their needs grow. With robust API integration, Shiva CBS can seamlessly connect with third-party applications and expand its functionality.
- Cloud or on-premise deployment options
- API integrations for third-party services
- Scalable architecture for growth and expansion
- Continuous updates and easy system upgrades
Reasons to Select the Shiva Core Banking System
By choosing the Shiva Core Banking System, banks and financial institutions can achieve greater operational efficiency, enhance customer satisfaction, and position themselves for future growth and innovation in a competitive financial landscape.
Cost-Effective
Lower operational costs with automated processes and a cloud-ready architecture.
High Performance
Real-time banking ensures efficiency and customer satisfaction.
Scalability
Adapt and grow with an architecture that scales alongside your institution.
Innovation-Driven
Stay ahead of the curve with continuous innovation and updates.
Security First
Robust security features ensure the safety of your customer’s financial data.
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