0% found this document useful (0 votes)
25 views18 pages

Training Slide Show

The document outlines the implementation of a new Core Banking System (CBS) called Intellect Digital Core version 23 (IDC23) for a bank, which began on July 17, 2023, and is expected to be completed by May 12, 2024. Key features include enhanced customer onboarding, loan management, and compliance with regulatory requirements, alongside a focus on data integrity and automation. Additionally, the document emphasizes the importance of clean data for improved productivity and customer satisfaction, detailing ongoing data cleaning initiatives.

Uploaded by

Taku Mutah
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
25 views18 pages

Training Slide Show

The document outlines the implementation of a new Core Banking System (CBS) called Intellect Digital Core version 23 (IDC23) for a bank, which began on July 17, 2023, and is expected to be completed by May 12, 2024. Key features include enhanced customer onboarding, loan management, and compliance with regulatory requirements, alongside a focus on data integrity and automation. Additionally, the document emphasizes the importance of clean data for improved productivity and customer satisfaction, detailing ongoing data cleaning initiatives.

Uploaded by

Taku Mutah
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 18

WE ARE IN THIS TOGETHER

CONTENTS

01 02 03 04
Project Octopus Project Octopus Project Octopus Project Octopus

System System Project


Introduction layout modules status
 The bank enlisted Intellect Global Arena for the
provision of a Core Banking System (CBS).
1
Introduction

 The solution is 2
Intellect Digital Core
version 23 (IDC23)
 The journey to introduce the new CBS solution
3 started on 17 July 2023 and is expected to end
 The design phase for the
on 12 May 2024.
Bank’s solution was at 80%
completion as of 29
November 2023
4

5
 The base product is expected
weekending 08 December 2023.
HIGHLIGHTS
 The system was designed and built for the digital era
Introduction  Customer onboarding has different screens for corporates and individual customers to
ensure data integrity
 Products have well defined ‘Parent’ and ‘Child’ structures (Savings accounts: staff, pensioner,
senior citizens etc)
 Interest rates and charges can be set at different levels as preferred
(product/account/currency/etc)
 Loan origination, management and debt collection functionalities.
 Hovering functionality to avoid accounts overdrawing on account of charges.
 Collateral security functionality and assets can be pooled together to form a collateral
portfolio
 Ability to mark repayment promises and track the same and gives an alert on the due date
whether the promise was kept or broken.
 Latest Trade Finance products and processes
 Treasury module
 fixed assets management system.
 Automated middle office processes
 More advanced Retail and corporate Internet banking platforms.
 Corporate IB has multi-level authorization functionality
Customer Int & mobile Branch Agency
Experience Bnkg Services Bnkg
Layer
Loan
Managem
ent System
Product
Processors Treasury Trade ALM FAMS LMS

Interfaces (Modules)
Treasury

IDC Core
(Customer, CASA &
GL) Customer onboarding Loan origination
IDC Business rules
Enterprise Debt collection engine
Fixed services Fees and charges Vault management
Assets
Manageme Trade
Integration layer (I-
nt System Finance
tumeric)
Asset and External CRB FCB RTGS World-Check

Liability systems
SWIFT ZESA ZeePay Others
Managem (eg)
ent
SYSTEM MODULES
3 4 Industry codes as per Central Bank definition.
Template for the definition.classes
Customer Customer
are classes are two: and
two: individuals
Zimbabwe provinces and individuals and
corporates. corporates.
Industries & Subindustries defined.
districts .There is a listing Hovering
User
accesses
of all area codes.
5 Business divisions are 3: functionality
I Retail, Corporate and for charges
specific on
N Treasury
modules unfunded
T
accounts
E 2
Template for world
L countries and their
General ledger 6 Customer title,
source of funds,
L currencies
relationship and
E 1 purpose of opening
C 1
Listing of the branches and a/c templates
Listing of the branches and
T departments with their
departments with their IDC23
respective codes.
respective codes. 7
Templates for the client’s
D religion, occupation and
E language
S
11
88exchange rate maintenance
Transaction codes and
I Holiday master
G templates
N

C
9
Shadow Customer special age System parameters
O mode groups defined (Minors and user roles 360 degree
R processing and senior citizens view of
E during 10 customer
EOD information
System modules

4 Collateral registration
L
Corporate Loan origination
O (CLOS) 3
A
N

M
A
N
A
G Retail Loan origination (RLOS) 2 Debt monitoring and
E 5 collection functionality
M
E
N LMS
T

S
Y
S Performance tracking per
T
Products and charges 1 6 officer
E
M
System modules

Money market
T
products; deposit
R
E taking and deposit
A placements
S
U
R
Y
Fixed Income
Foreign Securities;
exchange Bonds, Bills
functionalities.
Spot, Forward,
Swap and
derivatives.
Currencies
defined
System modules

T
R
A Trade Finance
D Letters of Credit Bill discounting
E

F
I
N
A
N Import and Export
C Bank Guarantees
E
collection
System modules

Liquidity assumption Liquidity assumption


A
S bucketing bucketing
S
E
T 1 Day @ 100% 1 Day @ 100%
S (Cash ) (Customer deposits)

&
1 month @ 100% 1 month @ 100%
L (Suspense accounts balances) ( Taxes )
I
A
B
I Contractual Contractual
L (On maturity, loans, bills, bonds, etc) (Contractual liabilities)
I
T
I
E Spread over 12 months Spread over 12 months
S (Prepayments and others) (Provisions)

M
G
T Over 1 year Over 1 year
(Fixed assets) (Share capital, share premium)
System modules

F Premises
Flexible classification
I management:
of fixed assets based
X Litigation details
E on asset block and
Property revaluation
D type
Property renovation
A
S
S Event based
Budget is validated
E Accounting entries
T during Asset Request
Generation and
S and reduced during
interface to Core
Vendor Payment.
Banking - GL module
M
A
FAMS
N
A
G
E Quotation upload and
Budget-based
M Automated asset quotation comparison.
expenditure
E requesitioning Purchase order
N functionality.
T
generation.
 Customer risk profiling

 Regulatory compliance on STR,CFT


reporting
C  Ability to set up account activity
U
S monitoring
T
O
M  Ability to produce detailed STR
E
R
reports at branch level.
S  Integrated to World Check making
C
R screening faster
E
E
N
N
I
N
G
We are
here
Importance of clean data

• Simplifies data analysis

• Easier to generate valuable


business insights and actions which result in
improved productivity.

• Fewer errors when multiple


sources of data are combined.

Data cleaning •RBZ compliance (an audit by the RBZ showed


that we are not complying to their KYC
documents requirement)

• Happier clients as new innovations


are introduced.
CLEANING UPDATE

1. The Bank would like to achieve an effective online archiving of KYC documents through the use of
the Flexidocs system. Branches are supposed to update all physical files on Flexidocs using the
KYC update menu. New applications are best done centrally at branch support and should always
be accompanied by complete KYC documents.
2. Current data cleaning issues
i) A broadcast message has been sent to clients whose issues could not be cleaned through the
registrar process. A circular has been sent to branches so that they assist client to fill in the KYC
update form which can be sent on email or use flexi docs and send a message showing the
application details or else the branch will make use of courier services.
ii) use of abbreviations on account name - this should only be acceptable when the name is too
long, but branches could then use the description field for internal uses. We will shortly refer the
file to branches so that they send the customer's name details.
iii) Most corporate accounts do not have the company registration number and BP numbers.
Uploading KYC details will be very important.
iv)It is becoming important to have a mobile number on all individual applications and we can
also try to insist on emails depending on the customer's age.
v)For corporates either a land line number or a mobile number can be used, and email address
should be mandatory. Website address is an added advantage.
.

Thank you

You might also like