Banks worldwide and especially in India and other developing economies are burdened with Non-Performing Assets (NPA). The provisioning requirements put a huge burden on the banks and financial institutions to closely monitor their assets and take preventive steps to recover, monitor and prevent defaults in this area on a proactive basis. There is also a need for reporting extensively to regulatory authorities and internal management. The operational costs for this activity is huge and erodes the profitability of the banks.
Financial institutions have a need and also do proactively govern NPA. However, this activity has number of challenges. Details on credit facilities/collateral granted to a customer often lie scattered across different banking systems. There are also a number of related details like guarantors, insurance details, documentation details, collection patterns, industry patterns are also spread across various systems and internal monitoring purposes.
While there are a number of activities related to monitory of recovery of NPA’s , the most critical component is to have an instant view of the entire portfolio for reporting , analysis and decision taking at various levels of the organization.
Nelito Systems has automated the entire process of requirement gathering, extract transform loading, reporting and publishing in various points leveraging a central data repository initially built as part of its MIS ADF initiative which works for more than 6 public sector banks in India.
A comprehensive NPA warehouse has been pre built for various dimensions and measures. ETL processes have been customized for data cleansing, enrichment and logical aggregates to speed up the decision making process. Prebuilt dashboards give a bird's eye view of various scenarios. Some functionalities that are supported are indicated below.
The ETL processes work seamlessly with core banking solutions like Finacle, FinCraftTM, TCS Banks and other loan management software.
Technology from SAP has been leveraged to build reports using Crystal Reports( all regulatory reports are available) ETL has two components, homegrown for smaller institutions and SAP extraction tool (DI).
Dash Boards are prebuilt using Business objects, the same can be published.
Slice and dice and drill down can be achieved by using SAP BO – Web intelligence.
Data quality is ensured leveraging technology and wide usage of industry standard MIS information directories.
The smart use of technology and a prebuild solution gives quick return of investment to automate the process of monitoring and prevention.
Advanced analytics for better collection management like propensity to default, credit scoring etc. will be custom built for institutions during the project engagement.
Nelito also offers consulting and expertise to leverage licenses and data that the bank already has in its core systems. Deliverables include process, technology, customization, streamlining ETL, enhancing data marts, building of dashboard, queries and ongoing support on SAP tools like Business Object Dashboard, Webi, Explorer, Crystal Reports, DQ (Data quality), DI (Data Integrator).
"Nelito has Good knowledge of industry. Good customer orientation. They were Flexible and Open to new ideas and suggestions."
"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 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."
"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."
"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."
"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."
"On the whole a professional and capable and competent team. Providing solutions adapted to clientele updated on technology front."
"Proactive & professionally supportive, technically skilled team."
"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."
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.
"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."
"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."
"My bank is working with Nelito from the last about 9 Years and the services provided by the company may prolong our association."
"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."
"We appreciate your local team who continuously supported & assisted our team to meet the goal."
"Knowledge and service provided to the bank is beyond expectation. And we would definitely engage and recommend solution to others."
"As Vendor strict adherence to process & procedures. Risk Mitigates in Place. Flexible to customer requirements."
"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."
"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."
"Everything was successfully implemented and tested. The implementation was professionally done in a very efficient and cooperative manner. Migration was very smooth."
"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."
"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."