DataVision: Core Banking, Financial switch and Financial Inclusion under one umbrella

CIO Vendor The BFSI IT product space is characterized by heavy investments, long project gestation periods, changing industry trends and employee issues. Banks and financial institutions are keenly looking at non-traditional ways to drive profitability and growth through a process of continued innovation. DataVision Software Solutions, headquartered in Pune, brings innovation to the table and offers better choices for banks and financial institutionsin areas such as Mobility, Digitization, and Cloud based solutions.

Core Banking, Financial switch and Financial Inclusion under one umbrella

The company has devoted its R&D capabilities to offer seamless and convenient banking facilities through the use of handheld devices and MicroATMs. The company also caters to Primary Agriculture Co-operative Societies (PACS) as part of financial inclusion support strategy. The Core banking product of this highly process oriented organization runs day to day transactions of over 60 banks.
Datavision is among the few BFSI solution providers to have a Core Banking solution financial switch application and Financial Inclusion products apart from other solutions. The company has more than 60 Banks as clients and the list includes State Apex to Urban Cooperative Banks, and District Credit Cooperative Banks in India and abroad.. Datavision has partnered with leading business and system solution providers such as NIIT Technologies and Sify for implementing its flagship product DataMate and other peripheral solutions.
DataVision provides a comprehensive, scalable and tightly integrated Core Banking Solution called DataMate which offers both conventional banking and Islamic Banking models.
RiskMate™ supports the Treasury function, specifically for Fixed Income and Money Market securities.
LoanMate is a work-flow based solution for handling end-to-end loan processing requirements across all borrower segments (Retail, SME or Commercial), loan products and types.
Trust Mate supports Anti-Money Laundering requirements for risk-based categorization of customers, investigation and reporting of suspicious transactions to prevent money laundering by banks' clients. TradeMate offers processing capabilities for all Trade Financing requirements such as Letters of Credit, Bank Guarantees, Inward & Outward Remittances, Collection, Purchase & Negotiation of Foreign Bills and Multi-Currency Buy & Sell Transactions
On the Channels front, I-Mate allows online banking facilities to customers of banks and financial institutions to conduct financial transactions on a secure website while MobileMate supports ‘banking on the go’ through a mobile phone or Personal Digital Assistant. For payments and Card solutions, Datavision has developed a financial switch and card management solutions.
For the Field personnel of Microfinance Institutions (MFIs), who are always on the move, DataVision offers a mobile-based application called MicroMate, whichhelps increase efficiency and productivity of field personnel while assisting in reaching a wider customer base.MicroMate has been tailor made to enable MFIs improve operational efficiencyby cutting down on the need to regularly visit offices for information and reporting.Thus, loan officers can use their mobile phones to manage transactions and reporting.
In line with their vision of being the innovative in class IT solutions and services provider, DataVision is also planning a programme toeducate banking personnel by creating bank specific eLearning centres, to ensure the bank staff are adequately trained to handle the banking and technology trends in the industry.