MBS Essentia

MBS Essentia is a core banking platform designed to streamline bank operations and provide a foundation for community banks, according to the vendor, Modern Banking Systems (MBS). It offers a fully integrated, flexible, and secure core solution that allows easy access and management of bank information in a customizable manner.

Key Features

Essentia Core Platform: The vendor claims that this core banking platform utilizes real-time leading-edge technology to streamline community bank processes. It offers a fully integrated, flexible, and secure core solution that allows easy access and management of bank information in a customizable manner.

Service Bureau Processing Solution: According to MBS, this solution provides community banks with an opportunity for innovation, growth, and competitive advantage. It serves as a cost-effective alternative to in-house processing, reducing the financial burden of hardware and software maintenance. It also ensures a seamless transition from an in-house to an outsourced solution.

Service Center Processing Solution: The vendor states that this solution offers the functions and services of a traditional service bureau. It provides community banks with support for software, hardware, and IT security, and offers a customizable level of service based on the bank's needs. It aims to enhance disaster recovery and business continuity.

In-house Core Processing Solution: MBS claims that this solution gives community banks maximum control over all their data processing needs. It includes on-site installation and training by skilled technicians, complete support and maintenance services, and offers a turnkey solution for efficient and secure core processing.

Hosted Core Processing Solution: According to MBS, this solution simplifies bank operations by relocating servers and equipment to a secure data center. It allows community banks to focus on their customers and offers complete support and maintenance services. It aims to improve disaster recovery and business continuity.

Asset Liability (AL) Manager: The vendor claims that the AL Manager accurately identifies, monitors, and reports interest rate risk for community banks. It provides decision support tools for risk measurement and analytics, offers what-if testing and user-defined key ratios, and supports multi-year horizons and full disclosure of model assumptions.

ExecView Management Dashboard: According to MBS, this feature provides community banks with a comprehensive view of front-, middle-, and back-office information through a user-friendly dashboard. It offers quick access to important data and activity, displaying outgoing cash letters, key performance ratios, and account balances. It aims to enhance decision-making and performance monitoring.

Express Savings: MBS states that this feature automates the savings process for customers by rounding up purchases to the nearest dollar and transferring the difference to savings. It aims to attract new customers, expand existing relationships, increase customer loyalty, and promote financial discipline.

Profit Planner: According to the vendor, the Profit Planner assists community banks in creating and evaluating profit plans. It analyzes historical performance and modifies plans based on actual results, providing user-defined reports and graphs for financial analysis. It supports annual and multi-year budget projections and financial plans.

Spectra Item Imaging: The vendor claims that this feature enables efficient image capture and storage of various financial items. It integrates with MBS core accounting software for easy access to images, reducing operator error and streamlining items into proof and cash letter. It aims to enhance customer service with fast research and retrieval capabilities.