OpenCBS

OpenCBS provides a flexible and scalable suite of cloud-based core banking solutions designed specifically for modern financial institutions, particularly in the microfinance sector. The flagship product, OpenCBS Cloud, enables rapid deployment, often within weeks, and enhances operational efficiency with a user-centric interface. It offers essential front-office and back-office functionalities suitable for Microfinance Institutions, Cooperative Financial Institutions, Digital lenders, and medium-sized banks.

Key Features of OpenCBS Cloud include robust security through hosting on Amazon Web Services, regular backups, and a comprehensive Disaster Recovery Plan. Custom hosting solutions are also available. The system is designed to adapt to the specific needs of various financial institutions, ensuring a rapid return on investment.

In addition to the cloud solution, OpenCBS offers a Loan Origination Solution that automates the management of loan applications, underwriting, and approvals based on customized workflows. This solution integrates with external data sources, such as Credit Bureaus and Anti-Money Laundering blacklists, to facilitate automated decision-making. Users can track application statuses and manage loan processes through an intuitive task management interface, enabling a streamlined experience for both staff and clients.

Furthermore, the Tablet Application allows financial institutions to conduct electronic Know Your Customer (eKYC) processes and gather client information in the field. This application supports the opening of various account types and the submission of loan applications directly from outdoor locations, enhancing service delivery and client engagement. Key functionalities include cash-flow modeling and synchronization with the OpenCBS system for real-time credit decisions.

Overall, OpenCBS emphasizes affordability, scalability, and customization, making its services accessible to financial institutions of all sizes. This adaptability is crucial in a rapidly evolving financial landscape, where institutions require reliable and efficient solutions to meet the diverse needs of their clients.