Enquiry Form

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)


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

    - Sikander Gupta | CEO

    The Jammu Central Co-op Bank Ltd.
  • "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.
  • "We appreciate your local team who continuously supported & assisted our team to meet the goal."

    - Nagendra Nath Sinha | Principal Secretary IT

    Government of Jharkhand,Ranch.
  • "A decent software which meets almost all security features, and also have a good team who is ready to help us @ any time"

    - Abin M Abraham | General Manager

    Meenachil East Urban Co-Perative Bank.
  • "Company has so many clients in co-operative sector. It is useful to us. As Nelito support both software and hardware, it is helpful to us."

    - V. Sathy Devi | General Manager In Charge

    The Trichur Urban Co-Op Bank Ltd.
  • "My bank is working with Nelito from the last about 8 Years and the services provided by the Co may prolong our association"

    - Sikander Gupta | General Manager(Banking)

    The Jammu Central Co-op Bank Ltd.
  • "The Software has excellent real time response even from our remote branch which is app. 100 kms from the Data center"

    - Rashmikant Kalathia | Ex. General Manger

    Ahmedabad People Co-operative Bank Ltd.
  • "We would have no hesitation in recommending the company as well as their Core Banking software to the prospective customers"

    - V.A. Dave | Executive Director

    Navnirman Co-operative Bank Ltd. Ahmedabad.
  • "Nelito's software is easy, faster,user friendly and compatible for any co-operative Bank . The service is the best I have seen and Nelito's FinCraftTM solution is good for any Bank"

    - Milan Bheda | Asst. Manager | EDP

    Shree Mahuva Nagrik Sahkari Bank Ltd.
  • "Nelito Systems Ltd. has executed the RTGS Project in a very professional manner and would recommend their services for any IT initiative taken by the customer"

    - Pradip Chokshi | Manager IT

    Ahmedabad Mercantile Co-operative Bank Ltd | Multistate Scheduled Bank.
  • "Nelito has given one stop solution and completed the browser based CBS Computerization of 54 branches within 7 months of our order. We are happy with the product and services "

    - B.J. Kale | General Manager

    Akola DCCB.