Processware Systems

Processware Systems is a software solutions provider established in 1989, focusing on the Banking, Financial Services, and Insurance (BFSI) sector. Their flagship product, Banksoft, is a core banking solution that offers a high degree of scalability and security, along with a comprehensive range of integrated modules. The solution is designed to handle various banking operations, from managing savings and loans to generating detailed reports, and it can be deployed on-premise or in the cloud.

In addition to core banking, Processware Systems offers a robust mobile banking application that allows users to manage their financial transactions securely via mobile devices. This system incorporates two-factor authentication to ensure secure access, catering particularly to the growing mobile user base in regions with limited banking infrastructure. The mobile banking solution adheres to the guidelines of the Reserve Bank of India, aiming to enhance customer outreach, especially in rural areas.

Moreover, Processware Systems provides a specialized microfinance solution, designed to efficiently manage a high volume of small transactions which is essential for Micro Finance Institutions (MFIs). This solution supports functionalities like repayment schedules, branchless banking services, and group lending methodologies, all while focusing on financial inclusion for low-income clients globally.

With a commitment to continuous improvement, Processware Systems integrates advanced data analytics into its offerings, providing customer insights that help enhance engagement and operational efficiency.