QBS Core Banking

QBS Core Banking, developed by Knowtech, is a modern and flexible core processing platform designed to meet the demands of banking institutions. According to the vendor, this comprehensive solution caters to both front and back-office operations, including client and account management, financial products and transactions, risk analysis, and compliance with regulatory requirements. QBS Core Banking is said to be suitable for banks and fintechs of all sizes, from small regional institutions to large multinational banks. It is utilized by banking professionals, the financial services industry, fintech companies, IT professionals in the financial sector, as well as risk and compliance professionals.

Key Features

Core Banking Management: According to the vendor, QBS Core Banking provides a comprehensive solution for managing all aspects of core banking operations, including client and account management, financial product management, transaction processing, and compliance with regulatory requirements.

Real-Time Processing: The vendor claims that QBS Core Banking offers 100% real-time processing capabilities, ensuring that transactions and updates are reflected immediately across the system. This is said to allow for faster and more accurate decision-making and enables real-time monitoring of financial activities.

Open Banking Standard APIs: According to the vendor, QBS Core Banking is built with Open Banking standard APIs, allowing for seamless integration with third-party applications and services. This is said to enable banks and fintechs to offer a wider range of products and services, enhance customer experience, and increase revenue opportunities.

Risk Analysis and Compliance: The vendor states that QBS Core Banking includes robust risk analysis and compliance features, helping banks and fintechs adhere to regulatory requirements such as Basilea III and International Accounting Standards (IAS). It is claimed to provide tools for risk assessment, monitoring, and reporting, ensuring compliance and minimizing operational risks.

Financial Accounting and Reporting: QBS Core Banking is said to offer comprehensive financial accounting and reporting capabilities, enabling accurate and timely financial management. According to the vendor, it supports bank and financial accounting processes, cost and profitability analysis, and generates dynamic reports to meet regulatory and internal reporting requirements.

Scalability and Flexibility: The vendor claims that QBS Core Banking is designed to be scalable and flexible, allowing banks and fintechs to adapt and grow their operations. It is said to be able to accommodate high transaction volumes and complex processes, and easily integrates with existing systems and infrastructure.

Integrated Platform: According to the vendor, QBS Core Banking is an integrated platform that covers both front and back-office operations. It is claimed to provide a seamless user experience, with a user-friendly interface and intuitive navigation, ensuring efficient and effective banking operations.

Modular Architecture: The vendor states that QBS Core Banking follows a modular architecture, allowing banks and fintechs to select and implement specific modules based on their requirements. This modular approach is said to provide flexibility in system configuration and customization, ensuring that the platform meets the unique needs of each institution.

Compliance with Regulatory Requirements: According to the vendor, QBS Core Banking is designed to comply with dynamic regulatory requirements, such as Basel III and International Accounting Standards (IAS). It is claimed to provide support for regulatory reporting, risk assessment, and compliance monitoring, helping banks and fintechs stay up-to-date with regulatory changes.

Customer and Account Management: The vendor states that QBS Core Banking offers comprehensive customer and account management features, allowing banks and fintechs to efficiently manage client information, accounts, and transactions. According to the vendor, it provides tools for onboarding new customers, maintaining customer profiles, and managing account activities.