Statistics show that around 80% of small banks, cooperative banks, rural banks, and Non-banking financial companies run on manual processes and are not exposed to the advantages of core banking solutions. However, over the next 40 years, most banks will choose to create a Centralized Online Real-time Exchange or Environment (CORE) to manage their operations, thus giving rise to core banking.
Sticking to the manual processes of yesteryear involves very little flexibility, high maintenance cost and inability to cope up with the exponential growth in volumes brought up by digitization. For this, banks need a real-time integrated platform that can provide scalability, real-time customer information, zero risks, and extremely low maintenance cost.
With unparalleled expertise in delivering these solutions in the emerging markets, Arttha has achieved a thorough understanding of the organizational requirements along with the strategic objectives. We have been continuously investing our efforts in upgrading Arttha’s core banking software solutions. This ensures that our customers take a forward leap in the market.
The core banking system yields some major benefits like:
Arttha’s Core Banking solution provides a wide range of banking operations, and it is designed to be a multi-tenant, multi-currency platform with a customizable interface. This end-to-end solution draws on Arttha’s domain expertise in the banking, financial services, and insurance sectors.
It offers the following modules: