Vayu Agency Banking
Vayu Agency Banking is VSoft’s solution for agents who work under a Business Correspondents (BCs) model, and serve customers in rural areas where full-fledged banks cannot be set up because of a lack of infrastructure. Vayu has been developed to provide restricted administrative privileges to the agents. The agents can open savings accounts, sell insurance products, and much more for customers. By providing such privileges to agents, previously unreached populations can now be reached.
Your bank can now provide services to customers in remote areas that lack formal financial services because Vayu has been designed for BCs who will be able to provide much-needed services to customers on behalf of your bank.
Vayu helps BCs who know their localities inside-out be even more efficient. By letting BCs store customer-specific remarks, Vayu allows BCs to remember their customers better and build stronger relationships with customers.
Your customers won’t need to visit your Bank’s branches because your BCs can use Vayu on their smartphones and tablets to provide banking services to customers right at their doorsteps.
Vayu helps BCs have a 360-degree view of every customer so that your BCs can more easily and more proficiently determine the capacity of customers to responsibly use your Bank’s services.
Control Agency Privileges
As regulations change and as safety concerns arise, BCs may not be able to provide all of the banking services that bank branches can. Your bank can easily select which banking services your BCs can provide through the Vayu administration module.
Made for Easy Use
With Vayu, your BCs get a robust, lightweight, and easy-to-use solution so that your BCs can find and use the features that they need the most in as little time as possible.
More Financial Inclusion
Provide Doorstep Banking
More Customers Without More Branches
Explore more of VSoft’s PRODUCTS
VSoft’s Roots is a technology-based solution for the Cooperative Credit & Banking structure that aims to assist in their outreach to the rural hinterlands through a two dimensional multi-layered software solution. It handles the entire lifecycle of all types of agriculture loans with farmers at one end and Primary Agriculture Credit Cooperative Society (PACS) and the DCC Bank at the other.
Wings is VSoft’s state-of-the-art, comprehensive Core Banking Solutions (CBS) product suite, created in a leap of faith, using web technologies and open source systems right from the very inception in order to meet the requirements of the constantly changing, and often disruptive, techno-financial environment.
VSoft’s OnView Cheque Tracking Portal (CTP) enables Bank Operators to view item details and images of the items captured during the prime pass on the sorter as well as archived items. Operators can use the browser-based interface to quickly research customer data, transaction data, and item images from remote locations.
Cheque Image Capturing
VSoft’s OnView Branch Deposit increases efficiency for your staff by simplifying back-office operations. Disparate back-office systems can cause a negative ripple effect across your financial institution, absorbing time and labor that could be allocated to other impactful tasks.
VSoft is one of the largest cheque truncation service providers in the country, with a client portfolio that includes major public sector, private sector, and co-operative banks. Fully compliant with RBI’s cheque truncation guidelines, VSoft’s BPO infrastructure for cheque processing is capable of processing over 15 lakh cheques a day.
The OnView Remote Deposit Capture (RDC) product suite brings convenience and cost savings right to your palms. You save by depending less on data entry and more on automated operations which process more cheques in less time. You enjoy convenience by creating a paperless environment where all data can be accessed at the tap of a finger.
National Automated Clearing House (NACH) payments are known to be a cheaper and more convenient alternative to cheques. Banks can process a higher volume of transactions at a lower cost because there is no physical movement of instruments.
Vantage is our single, unified platform designed to consolidate fragmented channels to give your financial institution full administrative control over payment processing, core banking, and digital banking solutions. A consolidated platform also provides granular insight for an enterprise-wide view of all account holders and transactions, which enables staff to resolve account holder inquiries quickly and analyze the user experience across devices and banking services.