Press Releases

VSoft Press Releases – 2015

Sep 15, 2015 – VSoft’s IRIS Omnichannel Wins the “Best Innovative Product for Banks” Award at the Maharashtra Cooperative Summit 2015

Hyderabad, 15th Sep 2015: VSoft Technologies, a global provider of next-generation banking and financial services solutions, won the “Best Innovative Product for Banks” Award at the Maharashtra Cooperative Summit held on 9th September in Mumbai. The award was given to VSoft for successfully implementing its IRIS Omnichannel Banking Solution, a hosted solution enabling any-time, any-place and any-device banking, for the Mumbai-based Arihant Cooperative Bank. Mr. Chandrakant Bachchu Patil, Minister of Co-operation & Textiles, Maharashtra, Mr. Dada Bhuse, Minister of the State of Cooperatives, Maharashtra, Mr. S K Sharma, Principal Secretary, Cooperative Department, Government of Maharashtra, Mr. Chandrakant Dalvi, Commissioner, Cooperative Department, Government of Maharashtra, and Mr. Shekhar Charegaokar, Director, Janakalyan Sahakari Bank participated in the Summit.
For more information on the Summit, visit http://cooperative.eletsonline.com/2015/Maharashtra/

About IRIS Omnichannel Platform
VSof’ts IRIS Omnichannel Platform is a unified system for both Internet banking and mobile banking across multiple devices. Built with responsive design principles for adapting to multiple form factors in various devices, the platform also has multilingual support for faster adoption of the solution. Being a hosted service, VSoft’s solution will eliminate one-time capital expenditure and offer banks a predictable monthly fee. Additionally, all upgrades and enhancements made to the platform will be available to the banks immediately.

Fully Hosted Service Integrated with the Bank’s CBS
The solution will be deployed as a hosted service at the state-of-the-art data centre in Hyderabad managed by VSoft with a dedicated MPLS VPN connectivity to the CBS. VSoft’s implementation specialists will study the interface requirements to integrate VSoft’s omnichannel platform with the bank’s CBS. The application will run on both IPV4 and IPV6 protocols and also has an inbuilt multi-factor authentication system as per RBI guidelines for mobile and Internet banking applications.

Secure and Convenient Access to Banking Services for Bank’s Customers
Bank’s users can login to the Omnichannel application through the Internet using a desktop, laptop, tablet or mobile device. Because VSoft’s solution is built using HTML5 and CSS3, the user interface will automatically adjust itself based on the form factor of the user’s device and will provide them optimum user experience. Bank’s customers can view information about all the accounts they have with the bank, request a mini or a detail statement, stop a cheque, request a new cheque book, and change their access password. They will also be able to view latest marketing messages from the bank about new products and offers.

VSoft’s Hosted Banking and Financial Services Solutions
Gartner, the leading information technology research and advisory firm, predicts that more than 60% of banks worldwide will process most of their transactions in the cloud by 2016. It foresees radical changes in established business models of the banking and financial services industry. VSoft has built a comprehensive platform BPO infrastructure where people, process and technology work in unison to drive, support and accelerate business transformation. In India, financial institutions operating in Tier 2 and Tier 3 towns and in the interior parts are gateways to economic activity and prosperity. VSoft’s next-generation banking and financial services platform facilitates and fosters financial inclusion by offering them cost-effective, quickly-implementable and user-friendly solutions. VSoft’s platform has been trusted by large commercial banks like HDFC Bank, Axis Bank, and Kotak Mahindra Bank, large public sector banks like Indian Overseas Bank, Syndicate Bank and Allahabad Bank as well as numerous cooperative banks like Odisha State Co-op. Bank, Delhi State Co-op. Bank, Andhra Pradesh State Co-op. Bank, Saraswat Bank, Abhyudaya Co-op Bank and many more. Visit our website for more information: http://www.vsoft.co.im/

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VSoft’s IRIS Omnichannel Wins the “Best Innovative Product for Banks” Award at the Maharashtra Cooperative Summit 2015

Sep 09, 2015 – Chief Minister Naveen Patnaik Inaugurates VSoft’s State-of-the-art Core Banking Platform

Bhubaneswar, 9th Sep 2015: Bhubaneswar, 9th Sep 2015: The Chief Minister of Odisha Shri. Naveen Patnaik inaugurated the new state-of-the-art data centre, entirely built and operated by the Hyderabad headquartered VSoft Technologies on a turnkey basis and which hosts VSoft’s IRIS Core Banking Platform, at the Head Office premises of the Odisha State Cooperative Bank (OSCB), Bhubaneswar on 9th September, 2015. Shri Pradip Kumar Amat, Honourable Minister of Finance & Public Enterprises – Govt. of Odisha, Dr. Damodara Rout, Honourable Minister of Cooperation & Excise, Govt. of Odisha were the guests of honour at the inaugural ceremony. Chief General Manager, NABARD, Principal Secretary, Cooperation Department, Commissioner-cum-Secretary, Fisheries and Animal Resources Development Department, Registrar, Cooperative Societies, elected Presidents of the Apex Societies, Presidents of Central Cooperative Banks were present in the meeting. In addition to inauguration of the data centre, the Chief Minister also launched the new RuPay Debit Card and flagged off the “Banks on Wheels” initiative by Odisha State Co-Operative Bank.

The new data centre is entirely built and operated by VSoft on a turnkey basis and hosts VSoft’s IRIS Core Banking Platform. The IRIS CBS platform, which uses latest web-based, platform-independent and open-source technologies, not only addresses existing problems for OSCB but also lays the foundation for various business process improvements that can revolutionise credit delivery to millions of farmers across the state. VSoft’s IRIS Kisan Loan System, an end-to-end priority sector lending platform, will offer a compliant handshake between the 323 branches of District Central Cooperative Banks (DCCB) and the front-line grassroots level service centres managed by over 2,709 Primary Agricultural Credit Societies (PACS).

Speaking on the occasion, Honorable Chief Minister of Odisha Mr. Naveen Patnaik appreciated the efforts by OSCB and VSoft Technologies, for coming with not only an innovative technology platform but also a cost-effective and highly scalable hosted delivery model. Mr. Patnaik also stated that OSCB’s technology transformation initiative is very much in line with his Government’s roadmap to convert Kisan Credit Cards issued to the farm families of the State as Smart Cards so that the farmers will get loans through the ATMs and Kiosks of all Banks operating in the State.

Dr. Damodar Rout, Minister, Cooperation, stated that the paddy procurement mechanism in the State is being strengthened by constructing godowns and threshing floors at the PACS level. Issue of RuPay Debit Card and functioning of the Data Centre would facilitate direct credit of the paddy procurement proceeds, insurance indemnity claims and other subsidies and incentives meant for the farmers to their accounts. VSoft’s CBS has been interfaced with the State’s centralized paddy & grain procurement system for automating payments to the respective paddy/grain sellers.

Murthy Veeraghanta, Chairman and CEO-VSoft Technologies said “We are honoured to be the technology partner of OSCB and wish the very best to the entire co-operative banking fraternity in Odisha as they begin a historic technology-enabled transformation journey. With VSoft’s technology platform now in place, over 355 institutions under OSCB will see improved operational efficiencies, enhanced customer service, significant reduction in processing time, better financial management, and strong regulatory reporting. All this will speed up credit disbursal to millions of farmers and will open up a world of opportunity in the rural areas of Odisha.”

An award winning and truly world-class data centre
The Tier 3 standard data centre, contains redundant capacity components, dual-powered equipments and multiple uplinks, is fully virtualized and uses the most advanced servers and storage equipment from IBM and a next-generation Fibre Channel Switch from Cisco. VSoft had won the “Best Tier 3 Data Centre Award” at the “The Gujarat Co-operatives Summit – 2015” held on 22nd June 2015 for the project. All mission-critical equipment, like servers, telecommunication and networking devices are dual-powered to handle unpredictable power supply issues. The UPS system has been implemented in N+1 state to keep up the highest uptime.

One unified banking platform to operate 355 cooperative institutions serving millions farmers
VSoft’s IRIS CBS will provide the much needed processing power and agility to support the bank’s ambitious growth plans. Being a centralized, browser-based, and open source system, IRIS CBS has brought down the total cost of ownership for OSCB considerably and will significantly improve the speed of maintenance and upgrades as compared to a platform developed on proprietary operating systems and database. IRIS CBS has all the features of retail banking operations in addition RTGS/NEFT, CTS, and DBT etc.

One RuPay card to operate all loan and savings account
The releasing of the RuPay Debit Card will herald a new era of speed, convenience, and transparency with respect to access to agricultural credit for the farmers in Odisha. VSoft’s IRIS Kisan Loan System (KLS), currently under implementation at OSCB, provides a compliant handshake between the CBS network available at the DCCB and the frontline service network managed by the PACS. There are 2,709 PACS in Odisha.

One van for all banking needs – setting the wheels of financial inclusion in motion
OSCB’s ‘Bank on Wheels’ helps farmers get loans on their doorstep. Twenty vans with ATM facility will move around 20 remote and tribal pockets for the purpose. The ‘Bank on Wheels’ programme is enabled by VSoft’s IRIS ATM Switching solution which provides access to the NFS network to OSCB and all its DCCBs. VSoft’s ATM Switch is connected to VSoft’s IRIS CBS for application transaction approval and card status management. The vans will be wirelessly connected to the CBS network will have an information kiosk and can be equivalent to a DCCB branch.

VSoft’s Hosted Banking and Financial Services Solutions
Gartner, the leading information technology research and advisory firm, predicts that more than 60% of banks worldwide will process most of their transactions in the cloud by 2016. It foresees radical changes in established business models of the banking and financial services industry. VSoft has built a comprehensive platform BPO infrastructure where people, process and technology work in unison to drive, support and accelerate business transformation. In India, financial institutions operating in Tier 2 and Tier 3 towns and in the interior parts are gateways to economic activity and prosperity. VSoft’s next-generation banking and financial services platform facilitates and fosters financial inclusion by offering them cost-effective, quickly-implementable and user-friendly solutions. VSoft’s platform has been trusted by large commercial banks like HDFC Bank, Axis Bank, and Kotak Mahindra Bank, large public sector banks like Indian Overseas Bank, Syndicate Bank and Allahabad Bank as well as numerous cooperative banks like Odisha State Co-op. Bank, Delhi State Co-op. Bank, Andhra Pradesh State Co-op. Bank, Saraswat Bank, Abhyudaya Co-op Bank and many more. Visit our website for more information: http://www.vsoft.co.im/

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Chief Minister Naveen Patnaik Inaugurates VSoft’s State-of-the-art Core Banking Platform for Odisha State Cooperative Bank

July 23, 2015 – Varacha Bank to Offer Internet/Mobile Banking with VSoft’s IRIS Omnichannel Service

Hyderabad, 23 July, 2015: The Surat-based Varacha Co-operative Bank Ltd. (VCBL) has chosen VSoft’s IRIS Omnichannel Platform, a next-generation solution that would enable any-time, any-place and any-device banking for the bank’s customers. With this, VCBL will soon become the first co-operative bank in Gujarat to offer both Internet Banking and Mobile Banking on a single technology platform.

VSoft, a Trusted Technology Partner for VCBL
With a strong focus on technology-enabled business expansion, VCBL is one of the fastest growing co-operative banks in Gujarat. VSoft has been a trusted technology partner for VCBL and provides outsourced cheque truncation service (CTS) and outsourced MMS-ACH payments service to the bank.

IRIS Omnichannel Platform; One Platform, Two Services
VSof’ts IRIS Omnichannel Platform is a unified system for both Internet banking and mobile banking across multiple devices. Built with responsive design principles for adapting to multiple form factors in various devices, the platform also has multilingual support for faster adoption of the solution. Being a hosted service, VSoft’s solution will eliminate one-time capital expenditure and offer VCBL a predictable monthly fee. Additionally, all upgrades and enhancements made to the platform will be available to VCBL immediately.

Fully Hosted Service Integrated with the Bank’s CBS
The solution will be deployed as a hosted service at the state-of-the-art data centre in Hyderabad managed by VSoft with a dedicated MPLS VPN connectivity to the CBS hosted at VCBL’s premises. VSoft’s implementation specialists will study the interface requirements to integrate VSoft’s omnichannel platform with the bank’s CBS. The application will run on both IPV4 and IPV5 protocols and also has an inbuilt multi-factor authentication system as per RBI guidelines for mobile and Internet banking applications.

Secure and Convenient Access to Banking Services for Bank’s Customers
Bank’s users can login to the Omnichannel application through the Internet using a desktop, laptop, tablet or mobile device. Because VSoft’s solution is built using HTML5 and CSS3, the user interface will automatically adjust itself based on the form factor of the user’s device and will provide them optimum user experience. VCBL’s customers can view information about all the accounts they have with the bank, request a mini or a detail statement, stop a cheque, request a new cheque book, and change their access password. They will also be able to view latest marketing messages from the bank about new products and offers.

VSoft’s Hosted Banking and Financial Services Solutions
Gartner, the leading information technology research and advisory firm, predicts that more than 60% of banks worldwide will process most of their transactions in the cloud by 2016. It foresees radical changes in established business models of the banking and financial services industry. VSoft has built a comprehensive platform BPO infrastructure where people, process and technology work in unison to drive, support and accelerate business transformation. In India, financial institutions operating in Tier 2 and Tier 3 towns and in the interior parts are gateways to economic activity and prosperity. VSoft’s next-generation banking and financial services platform facilitates and fosters financial inclusion by offering them cost-effective, quickly-implementable and user-friendly solutions. VSoft’s platform has been trusted by large commercial banks like HDFC Bank, Axis Bank, and Kotak Mahindra Bank, large public sector banks like Indian Overseas Bank, Syndicate Bank and Allahabad Bank as well as numerous cooperative banks like Odisha State Co-op. Bank, Delhi State Co-op. Bank, Andhra Pradesh State Co-op. Bank, Saraswat Bank, Abhyudaya Co-op Bank and many more.

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Varacha Bank to Offer Internet/Mobile Banking with VSoft’s IRIS Omnichannel Service

May 20, 2015 – Progressive Mercantile Co-operative Bank Goes Live on VSoft’s IRIS CBS

Hyderabad, May 20, 2015: VSoft Technologies, a global provider of next-generation banking business services, announced that the Progressive Mercantile Co-operative Bank (PMCB), an urban co-operative bank based in Ahmedabad, has gone live with its IRIS Core Banking System. PMCB has chosen the hosted ASP delivery model for its five branches and one head office. The solution will be hosted at VSoft’s next-generation data centre in Hyderabad and the bank personnel will access the solution over a secured network. Hosted in a converged infrastructure, the data centre has 24/7 network monitoring systems and teams to automatically alert down times of less than 10 seconds. A state-of-the-art disaster recovery centre is located in Mumbai where all services have been replicated over virtualized infrastructure with a dedicated 40MB connection between the DC and DR centres, ensuring seamless business continuity for PMCB.About VSoft’s IRIS Core Banking Solution

VSoft’s IRIS Core Banking Solution (formerly known as SuVikas), is a comprehensive core banking solution built on advanced web technologies. Its platform-independent and open-system architecture gives banks the freedom to choose the hardware and software infrastructure of choice and enables smooth integration with existing and future systems. IRIS CBS includes all features of Retail Banking operations in addition to customized modules such as Short Term Loans and Long Term Loans for on lending to DCCBs, Direct Lending modules to State Level Apex co-operative institutions, Industrial Finance, Electronic Transfer through RTGS/NEFT, CTS, Direct Benefit Transfer etc. VSoft has implemented IRIS CBS in over 360+ branches of the Odisha State Co-operative Bank (OSCB) and its District Central Cooperative Banks (DCCBs). The project is a significant milestone in large-scale digitization efforts in the country and has today enabled OSCB to bring all its branches and institutions in the entire State of Odisha onto a common technology platform to serve over four million individual customers.VSoft’s Hosted Banking and Financial Services Solutions

Gartner, the leading information technology research and advisory firm, predicts that more than 60% of banks worldwide will process most of their transactions in the cloud by 2016. It foresees radical changes in established business models of the banking and financial services industry. VSoft has built a comprehensive platform BPO infrastructure where people, process and technology work in unison to drive, support and accelerate business transformation. In India, financial institutions operating in Tier 2 and Tier 3 towns and in the interior parts are gateways to economic activity and prosperity. VSoft’s next-generation banking and financial services platform facilitates and fosters financial inclusion by offering them cost-effective, quickly-implementable and user-friendly solutions. VSoft’s platform has been trusted by large commercial banks like HDFC Bank, Axis Bank, and Kotak Mahindra Bank, large public sector banks like Indian Overseas Bank, Syndicate Bank and Allahabad Bank as well as numerous cooperative banks like Odisha State Co-op. Bank, Delhi State Co-op. Bank, Andhra Pradesh State Co-op. Bank, Saraswat Bank, Abhyudaya Co-op Bank and many more.

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VSoft Press Release Progressive Mercantile Co-operative Bank Goes Live on VSoft IRIS CBS

March 24, 2015 – VSoft Co-hosts “Bankers-Borrowers-Business Meet” with ASSOCHAM

Hyderabad, March 24, 2015: VSoft Technologies joined hands with ASSOCHAM to co-host the “Bankers-Borrowers-Business Meet’ at the Le Meridian Hotel in New Delhi on 23rd March 2015. VSoft was the “Exclusive Technology Partner” for the event. The national-level conference was presided over by S.S. Mundra, Deputy Governor, RBI, and saw participation by eminent Government officials, economists and industry thought leaders. Mr. George Verghese, VSoft’s Senior Vice President of Sales & Marketing, made a presentation on the Technology Perspective in transforming banking operations.The primary goal of this conference was to bring together bankers, borrowers and the new Small Finance and Payment Bankers with an aim to build a model framework and suggest measures that can be taken to strengthen the banking industry. The business meet also saw a panel discussion on “Issues in Long Term Financing/Priority Sector Lending and the challenges faced in borrowing money from Banks and Financial Institutions. Mr. Sakethu Rama Rao, VSoft’s Senior Adviser of Business Development and former Managing Director of APCOB was a panelist in the discussion. VSoft also put up an exhibition stall at the meet to interact with the delegates.

Shri S S Mundra (Chief Guest) releasing the knowledge report on “Bankers-Borrowers-Business Meet” along with senior bankers and industry leaders during the meet. Mr. George Verghese from VSoft is at the extreme right.

Mr. George Verghese making his presentation on the technology perspective at the meet.

Mr. Sakethu Rama Rao from VSoft (second from right) with other panelists during the discussion on “Issues in Long Term Financing/Priority Sector Lending”

VSoft gave away a brand new iPad Mini to the winning delegate after a lucky draw.

VSoft’s Sales and Marketing Team: (clockwise from bottom right) Mr. George Verghese, Mr. Sakethu Rama Rao, Mr. Sheshagiri Bhatt, Mr. Jitendra Awasthi, Ms. Rajni Sasidharan, and Mr. Rajesh Cheemalakonda.

For more images, click here.

VSoft’s Hosted Banking and Financial Services Solutions:
Financial institutions operating in the interior parts of the country are gateways to rural economic activity and prosperity. VSoft’s next-generation banking and financial services platforms facilitate and foster financial inclusion by offering them cost-effective, quickly-implementable and user-friendly solutions. VSoft’s RuPay-enabled IRIS Kisan Loan System facilitates loan disbursements and repayments through convenient self-service channels. The IRIS Omnichannel Banking solution is a single platform for Mobile/Internet and kiosk banking. VSoft’s branch automation solution is a powerful and flexible platform for smaller financial institutions to digitise and automate daily operations. For more information about VSoft, visit www.vsoft.co.in

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VSoft Co-hosts Bankers Borrowers Business Meet with ASSOCHAM

March 02, 2015 – VSoft Unveils Global Rebrand

Hyderabad, March 02, 2015: VSoft, a global provider of information and technology solutions for financial institutions, announced today its global rebrand which includes a new logo, company color and tagline “Ingenuity at Work.” This corporate rebrand coincides with the launch of its rebranded and reengineered banking solutions: Vantage 6.0, a next-generation productivity portal, and OnView 6.0, the unified payments platform which features a complete suite of remote deposit capture solutions. The new fresh, modern look along with the new tagline reinforces VSoft’s brand positioning and the company’s dedication to forward-looking development.
The corporate rebrand was born out of an initiative to simplify VSoft’s mission statement to one that clearly and concisely stated the company’s strength and its purpose: “Enriching customer efficiency through continuous innovation.” The goal of simplicity lead to the redesigned, much cleaner logo and the new tagline that better reflects who we are and how we represent ourselves. “Ingenuity at work” was chosen as the tag line as it speaks to company’s tireless effort to deliver innovative solutions to its clients.Since 1996, VSoft’s clients have appreciated continuous product updates not only in additional feature functionality, but also a complete shift in the underlying technologies. VSoft is unique in the industry whereby, it has gone through three generational shift in underlying technologies from client/server in 1990s, ASP browser in 2000s, and .NET, C# and Silverlight earlier this decade. VSoft re-invents its platform yet again, with the announcement of the HTML5.0 based Vantage productivity portal and OnView payments platform.”Our promise to our clients is to protect their investment in our technologies,” said Murthy Veeraghanta, chairman and CEO, VSoft. “As a company we wanted to make that commitment to our clients clear to the market. VSoft is continuously working to innovate our products, our processes and the services we provide to improve the efficiency of our clients operations. This rebrand emphasizes the market-leading solutions while better aligning the company’s marketing message and brand identity with who we are.”About VSoft TechnologiesVSoft Technologies offers platform-based services for the BFSI industry. Our core and payment processing services reduce cost and maximize efficiency while providing seamless, real-time, high-volume and high-performance transactions across multiple channels. The VSoft platform can be delivered in-house, or as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions. VSoft’s services have been trusted by more than 2,600 financial institutions worldwide. For more information about VSoft, visit www.vsoft.co.in

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VSoft Unveils Global Rebrand

February 20, 2015 – Yes Bank Goes Live With VSoft’s Centrum MMS-NACH

Hyderabad, February 20, 2015: VSoft Technologies, a global provider of next-generation banking business services, is pleased to announce that Yes Bank is now live on the Centrum MMS-ACH platform. Yes bank, the fourth largest private sector bank in India, chose VSoft’s Centrum mandate management System for processing mandates and electronic transactions through the NPCI-NACH network.Centrum MMS-NACH is delivered as a complete platform-based business process outsourcing service where people, process and technology work in unison to drive, support and accelerate NACH transaction processing. The Centrum MMS-ACH system consists of a robust image-based Mandate Management System and an end-to-end Payments Processing System coupled with strong information-exchange and customized MIS capabilities.Mandates from partner banks are collected, scanned and digitized at VSoft’s Image Service Bureaus and transferred to VSoft’s central processing unit for further processing. The Centrum MMS-ACH System processes the digitized mandates and presents electronic mandate files to the NACH platform in the prescribed format. The Payments Processing module allows presentment and clearing of electronic transactions after due verification against respective mandates. The straight-through processing capabilities of the system coupled with the option to outsource maintenance and operations makes Centrum MMS-ACH an attractive proposition for financial institutions of all sizes.

For more information on Centrum MMS-ACH, please click here About Centrum MMS-ACH VSoft’s Centrum MMS-ACH, an end-to-end Mandate Enabled ACH Payments System, is an image-based, multi-institution, multi-location, web-based system for participating in NPCI’s NACH network in order to undertake end-to-end operations for mandate-based, repetitive direct credit or direct debit transactions. With many unique features and capabilities and with a wide range of operational models, VSoft’s is by far one of the most mature and comprehensive systems available in the market today.

About VSoft Technologies
VSoft Technologies offers platform-based services for the BFSI industry. Our core and payment processing services reduce cost and maximize efficiency while providing seamless, real-time, high-volume and high-performance transactions across multiple channels. The VSoft platform can be delivered in-house, or as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions. VSoft’s services have been trusted by more than 2,600 financial institutions worldwide. For more information about VSoft, visit www.vsoft.co.in

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Yes Bank Goes Live With VSoft’s Centrum MMS-NACH

January 30, 2015 – HDFC Bank selects VSoft’s CTS Services

Hyderabad, January 30, 2015: VSoft Technologies, a global provider of core and payment processing solutions for financial institutions with operations in USA and India, is happy to announce that The HDFC Bank Ltd., One of the largest banks in India has selected VSoft’s outsourced cheque truncation service for Hyderabad region.HDFC bank has 72 branches across Hyderabad region and additional 25 branches are expected to be operational in coming financial year. HDFC bank has chosen VSoft’s complete outsourced services and cheques from all branches will be collected and delivered VSoft’s ISB, where they are scanned, processed and presented to Clearing House. The Solution provides error free, ZERO financial risk exposure and convenient operations module. With HDFC Bank on board, VSoft’s daily average cheque volumes are expected to increase by 15,000-20,000 cheques per day and peak volumes are expected to go up by 25,000 cheques per day.The solution provides an easy-to-use administration module, a convenient operations module, a comprehensive reports module, an intuitive dashboard that provides a bird’s eye view of the entire operation, and a powerful image archive and research module to analyze transactions. The archive solution makes it easy for the bank to comply with RBI’s mandate to store images and data of cheques for 10 years.

The Digital Dashboard, a real-time, enterprise-wide monitoring tool gives knowledge and control in the hands of operations managers even when the image capture is widely distributed. The Digital Dashboard includes drill-down technology, allowing both a broad view and quick access to underlying details through minimal clicks.

About VSoft Technologies
VSoft Technologies offers platform-based services for the BFSI industry. Our core and payment processing services reduce cost and maximize efficiency while providing seamless, real-time, high-volume and high-performance transactions across multiple channels. The VSoft platform can be delivered in-house, or as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions. VSoft’s services have been trusted by more than 2,600 financial institutions worldwide. For more information about VSoft, visit www.vsoft.co.in

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HDFC Bank selects VSoft’s CTS Services