Data Exchange Module
Data Exchange Module
The Cheque Truncation System (CTS), which is hosted by NPCI, provides
cheque settlement and clearing services to banks in India. The solution is live in the country with the existing model of the Clearing House Interface (CHI). The existing solution requires a large level of infrastructure to send cheque images to the CH. The NPCI provides Banks, which currently use CHI, the option of replacing CHI with a low cost Data Exchange Module (DEM). At VSoft, we believe that there is a future for cheques and we think that you can benefit by investing in more advanced cheque processing solutions.
The lightweight solution does not need a lot of servers and is not resource-intensive either. With the advent of cloud computing and software-as-a-service, the time-frame for deployment is substantially reduced.
We prefer to call our clients partners because we care about maintaining a relationship for years after the sale of a product. With new financial technologies disrupting the Banking industry, VSoft can help you maintain a competitive edge.
On top of DEM being multi-tenant, DEM needs fewer servers, data centers, and data recovery teams than CHI. This means that you need less real estate for hardware and fewer personnel required to ensure maintenance of the minimal hardware required.
You have the option of outsourcing DEM to VSoft. If you do, you do not have to worry about hiring a DEM management team, you can be sure that operations run smoothly, and you can get high server up-time because VSoft cares.
Multiple Banks can use one DEM. This can mean more cost-splitting and more efficient utilization of resources for your bank. The infamously expensive HSM Cards can be divided into hundreds of partitions and each partition can host a Bank.
We can integrate DEM to your existing CTS software. Our product development teams and product implementation teams are deeply familiar with the source code of all our solutions and have the knowledge to port DEM to any system.
Substantial Cost Cutting
Spend Less Time and Manpower On Performance
Outsource to Us and Accommodate Sub-Members