Ken-CBS

Ken-CBS is an Integrated Core Banking Software Solution developed by Kensoft Infotech Ltd. This software solution is specifically designed for midsize companies to large corporations in the Non Banking Finance Companies (NBFCs), Financial Institutions (FIs), and Commercial Banks industries. According to the vendor, Ken-CBS streamlines and automates various banking operations and transactions, aiming to enhance efficiency and effectiveness in banking management.

Key Features

Core Banking Solution: According to the vendor, Ken-CBS offers a comprehensive core banking software solution that handles various banking operations and transactions. It is designed to provide real-time data processing and management, aiming to ensure accurate and up-to-date information for decision-making purposes. Ken-CBS also claims to support multi-channel banking, enabling seamless customer interactions across multiple channels.

Account Management: Ken-CBS is said to efficiently manage customer accounts and transactions. The software is designed to facilitate account opening, closing, and maintenance processes, aiming to provide a smooth and streamlined experience. It also claims to track account balances and transaction history, allowing users to have a complete overview of their financial activities. Additionally, Ken-CBS is said to enable easy fund transfers and payments, providing convenience to both customers and banking staff.

Loan Management: According to the vendor, Ken-CBS simplifies the loan management process by handling loan origination, disbursement, and repayment. The software claims to accurately calculate interest rates and loan schedules, aiming to ensure transparency and fairness in loan transactions. Ken-CBS also claims to manage collateral management and valuation, aiming to minimize risks associated with loan defaults. Additionally, the software is said to track loan delinquencies and collections, enabling effective debt recovery strategies.

Deposit Management: Ken-CBS aims to simplify the management of various types of deposits. The software is designed to handle deposit account opening and closing processes efficiently, aiming to provide a streamlined experience for customers. It also claims to accurately calculate interest rates and accruals, providing accurate information on deposit returns. Ken-CBS is said to generate deposit statements and reports, allowing users to monitor their deposit activities effectively.

Payment Processing: Ken-CBS aims to facilitate seamless payment processing and clearing. According to the vendor, the software supports various payment methods, including cheques and electronic transfers, aiming to provide flexibility and convenience for customers. It is also said to manage payment queues and workflows, aiming to ensure timely and accurate payment processing. Ken-CBS claims to generate payment confirmations and receipts, providing customers with the necessary documentation for their financial transactions.

Accounting and Financial Reporting: According to the vendor, Ken-CBS tracks financial transactions and generates accounting entries efficiently. The software is designed to manage the general ledger and sub-ledgers, aiming to ensure accurate and organized financial records. It claims to generate comprehensive financial reports, including balance sheets and income statements, providing users with valuable insights into their financial performance. Additionally, Ken-CBS is said to support regulatory reporting and compliance, aiming to ensure adherence to industry standards and regulations.

Risk Management: Ken-CBS claims to assess and manage various types of risks, including credit and operational risks. According to the vendor, the software conducts risk analysis and stress testing, enabling users to identify potential risks and develop appropriate mitigation strategies. Ken-CBS is said to implement risk mitigation strategies effectively, aiming to reduce the impact of risks on the organization. The software also claims to generate risk reports and dashboards, providing users with a clear overview of their risk exposure.

CRM Integration: According to the vendor, Ken-CBS seamlessly integrates with Customer Relationship Management (CRM) systems. This integration is designed to consolidate customer data and interactions, aiming to provide a 360-degree view of customer relationships. Ken-CBS claims to enable personalized customer service and targeted marketing campaigns, aiming to enhance customer satisfaction and loyalty.

Security and Compliance: According to the vendor, Ken-CBS ensures data security and privacy by implementing robust security measures. The software is said to implement user access controls and permissions, aiming to ensure that sensitive information is accessible only to authorized personnel. Ken-CBS claims to comply with regulatory requirements, such as Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, aiming to ensure legal and ethical practices. The software also claims to generate audit trails and compliance reports, facilitating regulatory audits and internal control assessments.

Reporting and Analytics: Ken-CBS is said to provide comprehensive reporting and analytics capabilities. According to the vendor, the software generates customizable reports and dashboards, allowing users to analyze their banking data effectively. With its data visualization and drill-down capabilities, Ken-CBS aims to enable users to gain valuable insights and make data-driven decisions. This feature is designed to empower businesses to optimize their operations and improve their overall performance.