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Overview

Nelito presents banks with FinCraftTM BI (Business Intelligence) & Analytics platform which in essence will provide 'actionable intelligence' leading to growth of an efficient and dynamic business entity. Using FinCraftTM data analytics and business intelligence for banking, Banks can easily access information regarding the performance of products and thus plan and predict the customer behavior for products in the pipeline. With the help of BI & Analytics solutions, aspects like profitability, sales of products and customer demographics (e.g. segments etc.) can be gauged and analyzed.

FinCraftTM Data Analytics for financial services helps banks become smarter in facing the challenges they face. In addition to basic reporting it offers advanced predictive and prescriptive analytics. This helps banks to drive revenue & profits and reduce risks

Solution from Data Warehousing and Analytics Team of Nelito helps the customer efficiently streamline the process of consolidating large amount of disparate and complex data including both structured and unstructured ones into a user-ready business model and data points. It enables stakeholders from respective line of business and / or analysts to easily analyze, visualize and report data across various sources in a hassle-free way. The source data can be gathered from multiple sources like large Data Warehouses, Transaction Systems, Social Media, Web clickstreams, any soft copy form to build a 360-degree view of the business.

Nelito's BI & Analytics services can be classified into:

  • Reporting
    It focusses on creating data repositories and reporting the current situation via simple reports.
  • Descriptive Analytics
    Focuses on creation of actionable data from available data.
  • Predictive Analytics
    Involves predicting of future outcome of events using structured and unstructured data.
  • Prescriptive Analytics
    It translates a prediction into an actionable plan and helps users identify the way to implement the plan.

Create Ad-hoc reports

With FinCraftTM BI and Data Analytics services, creating a new report is extremely easy by virtue of its drag and drop features. The user can himself define the parameters and then choose the required fields as well as define the periodic intervals for report publishing.

Decision Support System

FinCraftTM Business Intelligence and Analytics platform also acts as an executive decision support system, where, based on historical data, the tools such as 'what if' analysis and predictive analysis can be leveraged to arrive at important decisions. Thus, for instance, a bank can evaluate the effect of change in interest rate, of say 25 basis points; will have on cross section of products and services.

Monitoring product performance through customized dashboards

The dashboards of FinCraftTM BI and Analytics Solution allows banks to analyze information regarding the performance of products and thus accordingly plan and predict the customer behavior for products in the pipeline. Valuable insights on Profitability, Revenue and Customer demographics can be gauged and analyzed.

Profitability Analysis

The BI & Analytics services also expedites the process of evaluating the product profitability including dimensions such as time frame, customer profiles etc. For instance, a bank can immediately get real time information about the number of footfalls and average amount drawn by customers at a particular ATM; the bank is then able to take decisions about the cash-to-be-stocked and even security required at that ATM center.

FinCraftTM Business Intelligence and Analytics Solution has other benefits including saving on cost and reduced manpower. Moreover, for report writing which usually banks would have to outsource, Nelito's solution enables them to do it in-house, thus maintaining data integrity.

Nelito can support leading Big Data frameworks such as Hadoop besides, Traditional Data Warehousing Methodologies. The idea is effectively consolidating the existing complex data sets of the customer so that business owners can have insights into their businesses.

Advantages

Following are the benefits of FinCraftTM Business Intelligence and Analytics solutions

  • Better business insights to improve the Growth and Margins
  • Understanding customer behavior to offer them suitable solutions
  • Reduce risks
  • Product and portfolio optimization to streamline costs

Solution Availability

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

CLIENT SPEAK

  • 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."

    Chairman

    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."

    Chairman

    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

    TCS
  • 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

    SMERA
  • 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