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Core Banking


Banking has undergone a major transformation thanks to the Web and Mobile based applications. It is no longer an activity which geo-specific and customers no longer need to go to a specific branch for transactions. Core banking solutions make this possible with centralized data centre's and seamless merging of back office data and self-service operations.

Moreover banks also need to incorporate changes in government monetary and regulatory policies. The CBS that the bank uses should be able to integrate existing channels and incorporate changes which are not possible if banks are saddled with a legacy of old and piecemeal software solutions that just leads to a compromise in quality and disruption in the smooth flow of business.

FinCraftTM CBS is an enterprise banking solution that enables Banks to provide full range of banking services and content to customers with different user profiles, efficiently and reliably.

FinCraftTM CBS offers flexible feature configuration strategy. The Bank may select and configure any combination of features. Every FinCraftTM CORE CBS deployment targets best balance in functions, performance, stability, integration and usability, on the highest security level.

Customer Value

  • 1Omni Channels: The most unique feature of Nelito's FinCraft CBS is its functionality and ready adaptors for front end Omni channels. With the business paradigm shifting from bank and branch based service channels to customer location service channels, the manner and the channel through which customers interact with the banks has also changed. They have a plethora of choices - mobile, internet or Tab banking. As a result, banks have to have the requisite software solutions to meet these customer demands. This is where the FinCraft CBS shows its prowess and is able to address the integration issues that these Omni channels present. It is not only compatible with current Omni channels but can be easily and readily adapted to incorporate new ones in the future. The savings in terms of time, effort and money, as well as the boost in efficiency compared to competitors who would have to have a complete upgrade are well conceivable.
  • 2Straight Through Processing (STP): The one primary thing that today's customer demands is swift decision making and rapid processing. Which is why the FinCraft CBS is fully equipped to provide top of the line Straight Through Processing (STP). Picture the STP as a round table where all the players – the customers, the executives and the top level management are all interacting and making decisions in real time. Due to the Nelito's advanced FinCraft CBS, the STP is able to process all the information coming in from Omni channels and integrate it with back office systems, rules etc to come to a rapid and accurate analysis, authentication, auto-verification and reach a conclusive end to the customer's transaction in real time.
  • 3FinCraftTM CBS, Flagship Product of Nelito Systems Limited is result of our constant research and development to introduce broad range of banking functions and solutions, in line with our motto of "Solutions that Perform".
  • 4Integrated Core Banking System – FinCraftTM CORE is a feature rich, integrated Core Banking System that allows Banks to start almost all of the operations right from the word "GO".
  • 5Seamless Integration Experience - While focusing entirely on banking software, Nelito has developed extensive practice in integrating with Upstream and Downstream Systems required for a Core Banking environment.
  • 6Dependable Support – being an ISO 9001:2008, ISO /IEC 27001:2005 & CMMI Level 3 Certified Company, Nelito's support and maintenance services are time tested and well recognized by our valuable customers.
  • 7Wider reach: The effective Omni channels and STP allow for banks to expand their reach in terms of both increased customer base as well as varied product categories.
  • 8Faster time to market: Improved effectiveness, efficiency and upgraded information processing provides for faster time to market.
  • 9Custom Development – FinCraftTM CORE implementation strategy includes full synchronization to a Bank's business priorities and specifics. Nelito's Banking Domain expertise coupled with dedicated Product Development Team, allow flexible and effective implementation of specific functional and system requirements, removing limitations typical of fixed-functionality products and solutions.
  • 10Enterprise Components: Including payments, liquidity management, dashboards and loan origination systems

Process Flow

Core Banking Infrastructure

Technical Architecture

Core Banking Technical Architecture

Business Model

FinCraftTM CBS is available in both the delivery options – as a license implementation at your premises, or a hosted offering on OPEX pricing model.

Features and Benefits

Customer & Account Management

Creation of different types of accounts:

  • Savings / Current / Loan etc.
  • Global & Type Specific Configuration
  • Customer Registration
  • Transaction history
  • Cheque issued/request History
  • Multiple Accounts Association
  • Charges levied
  • Interest received / paid
  • Account Statement
  • Define type for the product and use it across the system.
  • Manage a broad range of Customers at ease.
  • No feature cuts in solution deployment. Complete match of functionality to the bank's business Full coverage including custom requirements
Transaction Management

Processing for:

  • Cash Deposit / Withdrawal
  • Incoming / Outgoing Remittances, Cheques
  • Bank’s own transaction
  • Support for all types of Accounting Transactions. This includes Customer Accounts and Bank’s internal Accounts.
GL & Accounts Management

Support for:

  • Accounting & Ledger Heads
  • Book keeping
  • Recording All Financial transactions
  • Required Statements
  • Provides full-fledged Accounting Functionalities which will help in maintaining Books of Accounts and generating Reports.
Configuration & Parameterization

Provide GUI for:

  • Configuring Products for Personal / Retail / Interbank Banking
  • Configuring different Charges / Interest Rates
  • Creating / Managing Users of the system
  • Provides user friendly menus for configuring various products, Charges, Interests, Users, System wide Settings, etc.
Rules Management

Rule Engine for implementing:

  • Action specific charges
  • Limited Action counts
  • Interest calculations
  • Provides Rule implementation for special Actions that can be easily executed on user actions.
Internal & Regulatory Reporting

Provides for Internal and Regulatory Reporting

  • Standard set of Reports
  • Reporting can be done at any stage of the reporting Life Cycle
  • Management Dashboards
  • Helps in deriving efficiency and smooth operations.
Software Architecture & Technology
  • Advanced Service-oriented Multi-tier architecture
  • Contemporary technologies (latest versions of respective OS, RDBMS, system frameworks and development platforms)
  • Availability, scalability, Stability and performance.
  • FinCraftTM Application Lifecycle Framework (FALF) for future technology updates.
  • Multi-site deployment options.
Operations Management
  • Minimum maintenance, established Backup and recovery procedures, Optimal interoperability to CBS Full featured administration.
  • High availability Business continuity
  • Real-time banking
  • Better customer administration and support service
Integrates with heterogeneous Delivery Channels & sub- modules like
  • CRM / Tele-Banking System,
  • i-Banking
  • ATM
  • Kiosk
  • POS
  • Loan Management System
  • Asset Liability Management System (ALM)
  • Anti-Money Laundering (AML)
  • Fraud Management System
  • Treasury
  • Trade Finance
  • Payment Systems: (RTGS, EFT, SWIFT, MMS, CTS, ACH), Card System, Mobile Banking (IMPS),
  • General Ledger (GL)
  • Head Office Module

Solution available for these countries

  • Kenya
  • Tanzania
  • Malawi
  • Botswana
  • Philippines
  • Vietnam
  • Laos
  • Brunei
  • Cambodia
  • Indonesia
  • Sri Lanka
  • Myanmar
  • Bangladesh
  • Bhutan
  • Nepal
  • Iran
  • US
  • Australia
  • Russia
  • Japan
  • Maldives
  • Qatar
  • Bahrain
  • South Africa
  • Namibia
  • Madagascar
  • Djibouti
  • United Kingdom (UK)
  • France
  • Germany
  • Canada
  • Samoa
  • Solomon Islands
  • Tonga
  • Magnolia
  • South Korea
  • China
  • Thailand
  • Malaysia
  • Singapore
  • New Zealand

Solution Availability

Our solutions are available globally. Please visit our country pages for more information

Marquee Clients

  • The Nainital Bank Ltd
  • The Akola District Central Co-op. Bank Ltd. Akola
  • Citizen Credit Co-operative Bank Ltd. - A Multi-State Schedule Bank
  • SJSB – Multi-State Schedule Bank
  • The Ajara Urban Co-op. Bank Ltd. Ajara
  • DMK Jaoli Bank
  • Darussalam Bank
  • Delhi Nagarik Sahakari Bank Ltd.
  • The Sutex Co-op. Bank Ltd.
  • The Baroda City Co-operative Bank Ltd.
  • DCUB – The Darussalam Co-operative Urban Bank Ltd.
  • The Hindu Co-operative Bank Ltd.
  • Jammu District Central Co-operative Bank
  • Khamgaon Urban Co-op. Bank Ltd.
  • The Meenachil East Urban Co-operative Bank Ltd.
  • NDCC – Nasik District Central Co-operative Bank Ltd.
  • Navnirman Co-operative Bank Ltd.
  • Palus Sahakari Bank Ltd. Palus
  • Rendal Sahakari Bank Ltd.
  • Shree Bhagwati Co-operative Bank Ltd.
  • Shree Mahuva Nagrik Sahakari Bank Ltd.
  • Tiruvalla East Co-operative Bank
  • Trichur Urban Co-operative Bank Ltd.


Case Studies

  • Implementation of FinCraftTM Core Banking (CBS) in 70 PACS(Primary Agricultural Credit Societies) / Credit Unions of Idukki District Co-Operative Bank (IDCB) Bank, (In collaboration with IFTAS)


  • We have successfully made Nelito's Fincraft Software for NBFC live in early March for LOS,LMS and Sanjiv Khalkho, Arijit Chakraborty with his team have been very instrumental in making this software live . I would like to appreciate on the turnaround time during the go live phase of the team in getting some of our key requirements done and helping our users to use the software for recording and disbursing all the sales from the software.

    In technology side I would like to praise Pramod Navale and Ganesh Khetmalis for in depth knowledge of the product and their technical skills is outstanding. Looking forward for the continued relationship for our next release and whole of 2018.

    Prateek P Katyal | CTO

    WheelsEMI Pvt. Ltd
  • "Nelito has Good knowledge of industry. Good customer orientation. They were Flexible and Open to new ideas and suggestions."

    Mr. Ratheesh K. Bharathan | Exec. Vice President & Co- Founder

    WheelsEMI PVT. LTD.
  • "For a Bank of our size, this system suffices and is very cost effective. Almost all of the bank’s activities run on the one system. Nelito constitutes a partner more than a supplier and the relationship includes provision of the bank’s underlying technology as well as its Fincraft range of applications."


    The Nainital Bank Ltd.
  • "The best mix of functionality and technological support and our vision of “Cash Less and Paper Less” work environment for Sonata has come true with our technological partner Nelito. I highly recommend FinCraft Core Microfinance platform and especially integrations with a number of third party services."

    IT Head

    Sonata Finance Pvt. Ltd.
  • "Nelito has successfully deployed the Online Reporting and Management Information System (ORMIS), which has streamlined the reporting process and their analysis. Its team is responsive, provided satisfactory support and has sound expertise to deliver time sensitive & critical projects. Exemplary team work."

    Deputy General Manager (IT Department)

    National Housing Bank
  • CBS

    "We are happy to use FinCraft Data Archival & Retrieval solution from Nelito Systems; it has given huge ROI in terms of saving revenue by retiring legacy applications. We get all desired reports in a timely manner from the solution."

    Assistant General Manager (CBS)

    United Bank of India
  • CBS

    "Nelito is known for its exemplary services to the users at all times. Your team provides excellent service and they are pro-active in providing solutions."

    Chief Manager (SWIFT)

    Indian Overseas Bank
  • CBS

    "On the whole a professional and capable and competent team. Providing solutions adapted to clientele updated on technology front."

    Principal secretary Department of Labour

    Govt. of Sikkim
  • Custom Application Development testimonial

    "Proactive & professionally supportive, technically skilled team."

    General Manager

    Federal Bank
  • CBS

    "Fincraft CBS software & Doorstep Banking Solution helps our society’s functionality towards digitalization & paperless working. It reduces our manpower requirement and workload, also gives us fast reporting for our institution as and when required."


    Mahavir credit coop society
  • CBS

    Exemplary relationship set by Nelito’s PCS team which helps project to grow vertically. We have always been very impressed with the quality of service we have received from Nelito. They are reliable efficient professional and above all truthful. This alone sets them out from much of their competition.

    Project Director

  • CBS

    "E-district Manipur project was undertaken and successfully implemented by Nelito in a record time. The online services offered under this project has made a marked difference in the quality of life of the citizens and is taking the state towards a digital Manipur."

    Additional Director (IT)

    Govt. of Manipur
  • DGM

    "On 20th of November 2016 our bank data was migrated to FinCraft and we have completed one year successfully in FinCraft. So we thank all the team members of both IFTAS and Nelito for your great co-operation in this success. We expect more & more co-operation in implementing new technologies in banking sector from your side in future."

    M V Kumar | CEO

    Kempegowda Bank
  • DGM

    "My bank is working with Nelito from the last about 9 Years and the services provided by the company may prolong our association."

    Sikander Gupta | CEO

    The Jammu Central Co-op Bank Ltd.
  • DGM

    "The Bank is associated with M/S Nelito since 2002. M/S Nelito Systems Ltd has been our CBS vendor since 2009. The Products, quality of service offered by them are excellent. They have a very good support team and are trained enough for handling any type of situation."

    D K Kandpal | Vice President (IT)

    Nainital Bank
  • DGM

    "We appreciate your local team who continuously supported & assisted our team to meet the goal."

    Nagendra Nath Sinha | Principal Secretary IT

    Government of Jharkhand, Ranchi
  • DGM

    "Knowledge and service provided to the bank is beyond expectation. And we would definitely engage and recommend solution to others."

    Rachelle F. Rivas | IT Project Manager (Senior Manager)

    Bank of the Philippine Islands (BPI)
  • DGM

    "As Vendor strict adherence to process & procedures. Risk Mitigates in Place. Flexible to customer requirements."

    Dinesh Negi | VP (Clg)

    DCB Bank Ltd
  • DGM

    "Bank has implemented CBS of Nelito Ltd in the year 2008-09 in phase manner. Also integrated RTGS/NEFT, CTS, MMS etc. which help us in smooth automation of banking operation."

    K.T. Wadia | CEO

    The Sutex Co-op Bank Ltd
  • DGM

    "Experience during development of Rating Engine Module has been good in the context of commitment to meet timelines & lot of hard work has been put by Nelito's team."

    Ashutosh Satsangi | VP-Operations

  • DGM

    "Everything was successfully implemented and tested. The implementation was professionally done in a very efficient and cooperative manner. Migration was very smooth."

    Frithjof Ramb | Vice President

    SBI- Frankfurt, Germany
  • DGM

    "Nelito and its team has always been supportive and efficient in achieving the tasks set up by the Dept. Apps developed by the software engineers for the Public Health Dept. have proved to be excellent among the top competitors and have been acclaimed for its effective service delivery to the end user at the grass root level which is the foremost object of any Govt. organization. Many thanks for the sincere efforts."

    Sanjay Kamlakar | Under Secretary to GoM

    Government of Maharashtra
  • DGM

    "We appreciate Nelito team who were always on time and responsive to our needs and changing ideas. They worked efficiently from the project inception to its completion in a timely and professional manner. Their understanding of this space has been invaluable to the success and launch of 'PMAY CLSS' app."

    Susanta K. Padhi | DGM

    National Housing Bank