Introducing Finacle

In this session, you will learn to:

Understand various features of Finacle

Understand the operations supported by Finacle

Understand important keys and terms used in Finacle

Familiarise with the user interface of Finacle

Objectives

Slide 1 of 16

Introducing Finacle

A banking solution provided by Infosys.

It runs on:

UNIX operating system

Oracle as the backend RDBMS engine

Is highly flexible and scalable.

Is customer centric and not account centric:

Features of Finacle

Slide 2 of 16

Is customer centric and not account centric:

Customer belongs to the bank

Account belongs to the branch

Introducing Finacle

Provides multi-lingual support and multi-level security

Provides various tools and utilities such as:

Content sensitive help

Information on inventory status

Memo pad

Letter generator

Features of Finacle (Contd.)

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Letter generator

Audit trial

Introducing Finacle

Customer Master Maintenance (CUMM)

Opening of Accounts (OAAC)

Account Maintenance (ACM)

Closure of Accounts (CAAC)

Transactions:

Operations in Finacle

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Cash

Clearing

Transfer

Remittances

Introducing Finacle

Inventory Management

Stop Payment (SPP)

Reports

Systemic Processes:

Day End

Operations in Finacle (Contd.)

Slide 5 of 16

Day Begin

Next day Day Begin

Introducing Finacle

Work Flow: Sequence of functions to be followed

Scheme Types: Hard Coded. 14 in numbers

Scheme Code:

Defined under a Scheme Type

Created for each Bank product

Linked to a Sub GL

Common Terms and Keys Used in Finacle

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Linked to a Sub GL

Customer Accounts:

Opened for a customer under a Scheme Code

Office Accounts:

General accounts other than customer accounts

A transaction updates the account and the respective Sub GL

Introducing Finacle

Work Class:

3 digit number representing different levels in a bank

Used for Menu access control

Role Profile:

Passing powers and authorisation powers

Part Tran: Part of a transaction

Common Terms and Keys Used in Finacle (Contd.)

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Part Tran: Part of a transaction

Interest Calculation:

Accrual: Mere calculation

Booking: Accounted for at the Bank Level

Collection: Effects the customer accounts

Placeholder: A label used to identify Office accounts

Introducing Finacle

Branch Advice Request (BAR):Raised by a branch on another branch for reversal of the debit entries made.

Temp table: A table where the data is stored temporarily.

Zone: Defined for both Inward and Outward Clearing.

Common Terms and Keys Used in Finacle (Contd.)

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Introducing Finacle

Exceptions:

Warning:

Is merely a message

Allows the user to proceed

Exception:

Is a deviation from the normal banking rules

Common Terms and Keys Used in Finacle (Contd.)

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Is a deviation from the normal banking rules

Can be overridden by appropriate authority

Should be authorised by the appropriate work class

Error:

Is a deviation from normal banking rules

Cannot be overridden by any user

Introducing Finacle

F1: Help

F2: List of items for selection

F3: Back

F4: Accept

F5: Background menu

Common Terms and Keys Used in Finacle (Contd.)

Slide 10 of 16

F6: Go to next page

F10: Save

Introducing Finacle

F12: Go to previous page

SHIFT + F4: Populates the marked value from a list to the Field

CTRL + X: Populates default values in a field

CTRL + E: Explode

Common Terms and Keys Used in Finacle (Contd.)

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Introducing Finacle

User Interface of Finacle

Slide 12 of 16

Introducing Finacle

User Interface of Finacle (Contd.)

Slide 13 of 16

Introducing Finacle

User Interface of Finacle (Contd.)

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Introducing Finacle

In this session, you learnt that:

Finacle, a banking solution by Infosys, is highly flexible and

scalable.

It runs on UNIX operating system and uses Oracle as the

backend RDBMS engine.

Finacle supports multiple languages.

Summary

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Finacle supports multiple languages.

It provides multiple levels of security.

In Finacle, each customer gets a unique customer ID which is

unique for the bank and not for the branch

Introducing Finacle

In Finacle, the pre-requisite for opening an account is to have

a customer ID.

Finacle supports various banking operations, such as

deposits, transactions, remittances, clearing and generating

reports.

There are various terms used in Finacle, such as UPM, SOL,

Work Flow, OSP, BAR and zone.

Summary (Contd.)

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Work Flow, OSP, BAR and zone.

There are specific keys that are used in Finacle for various

functions, such as F1 is used for Help, F2 is used for retrieving

the list of items for selection and F10 is used for saving.