INTRODUCTION TO FINACLE

By - D. Majumder (UCO-Bank)
CORE BANKING SOLUTION
CBS stands for Core Banking Solution or Centralized banking
solution.
CORE stands for "centralized online real-time exchange".
Which means “online service provided through a centralized
server”.
This basically means that all the bank's branches access
applications from centralized server installed at data centre.
The software accepted by different banks including our bank
is Finacle which has been developed by Infosys.
Finacle is designed with service-oriented-
architecture(SOA)
It is a multi channel, multi currency & multi country enabled
technology.
OBJECTIVES

• To compete with other banks

• To arrest the threat from high net worth
customers
• To attract new generation techno savvy
customers
• To improve payment and settlement system
• To monitor in a better way and improving
MIS and reporting system
• To provide better customer service
ADVANTAGES FOR CUSTOMER
 Branch customer to bank customer
 Lower incidence of errors and quick updation
 Faster payment system through rtgs/neft
 Quick realization of cheques/DD under
collection
 Banking at home (e-banking)and mobile
 ATM service
 Cost effective and time saving
ADVANTAGES FOR BANKS
 Uniform platform
 Paperless banking
 Checked revenue leakage(updation of int.
rate)
 Extended banking hours for customer
 Less Crowding at branch counters
 Better monitoring and control
 Updation of books & easy Reporting system
 Checked fraud and forgery and AML
 Business development/new products
 User ID – First „Initials of Name' then „0‟ then
„PF No.‟ i.e., dm045347

 User group:-
 General Users: who perform the regular
banking functions and front office functions at
Branches.

 System Operators / Database

Administrators: Those employees executing
system related functions at DIT.

 Inspections & Audit: This user group

performs routine inspection and carries out the
audit in the bank.
 Accessibility of User:

 Captive User: These users can access the

data belonging to his / her service outlet
alone but can inquire on the accounts
belonging to other SOL.

 Free User: These users can access the data

belonging to all service outlets. Accessing all
menu options also depends on whether the
menu is free or not. Normally, in each branch
two senior most officers are given “Free
 WORK CLASS
 Each user have been assigned with a Work class.
 The work class is associated with the menu options available in the
application.
 Different persons of the same category can be assigned with
responsibilities with reference to the application by assigning different
work class.
Example:
 Clerical........................50
 CTO.A..........................60
 CTO-B…………………70
 Head cashier…I…..….80
 Head Cashier..II..........90
 Special Assistant.......100
 Officer Scale-I……….150
 Officer Scale-II………200
 Officer Scale-III……...300
 ABH………………….850
 BH……………………900
 DBA………………….950
 Logging into Finacle
 Main Menu

 Sub Menu

 Menu Option

 User Defined Favorites

 Message area

 Progress indicator

 Action Bar
Key Function Key Function

F1 Help Down Arrow ↓ Next record

F2 List Up Arrow ↑ Previous Record

F3 Quit / Exit CTRL+D Page Down on a List

F4 Accept CTRL+U Page Up on a List

F5 Background Menu CTRL+E Explode

F6 Next Block (Next Page) CTRL+F Clear field

F8 Copy record CTRL+X Insert BOD Date

F9 View Signatures CTRL+F9 Memopad lookup

F10 Commit SHIFT+F4 Select an item from the List

F11 Validates SHIFT+F11 Transmit

F12 Previous Block / Page SHIFT+TAB Go to Previous Field

TAB / Enter Next Field SHIFT+F3 Go to Finacle main menu

TRANSACTION

 There are 2 types of accounts in finacle

 CUSTOMER ACCOUNT

 OFFICE ACCOUNTS

Each account has to be opened under a

Scheme Type and a Scheme Code
There are 9 scheme types for opening
customer accounts
5 scheme types for office accounts
SCHEME TYPES
CUSTOMER ACCOUNTS
 SBA-(01) Savings Deposits
 CAA-(02) Current Deposits
 TDA-(03) Term Deposits
 ODA-(04) Over draft
 CCA-(05) Cash Credit
 LAA-(06) Term Loan
 PCA-(07) Packing Credit
 BIA-(08) Inland Bills
 FBA-(09) Foreign Bills
SCHEME TYPES

OFFICE ACCOUNTS
 OAB-Office Account Basic

 OAP-Office Account Pointing/partioned

 DDA-Demand Draft

 HOC-Head Office

 OSP-Office System Pointing

ACCOUNTS
 Both Customer and Office
of Accounts are
of 14 digits.

Solid(4) Scheme Random

Customer account- type(2) number(8)
ACCOUNTS
 Office Accounts
The function of place holder is to identify a
particular account in a particular currency

Sol id (4) Currency(2) Place Holder(8)

(Gl subhead+act.no)
THANK YOU