Harold Ian B. de la Torre
Majuro, Marshall Islands 96960
Writing banking reports can be an overwhelming task. But it’s not something you should worry about. This feature helps you generate banking reports with great speed on a daily basis.
Transactions among branches are now easily carried out through internet. Now you don’t have to worry about the delay. With I.T.S. you can say hello to convenience rural banking.
ACon is an affordable solution for financial institutions that aim for convenience banking without the high cost of setting up commercial Automated Teller Machine (ATM) networks.
MBv8 is made even better with C3M or the Check Clearing Module. It is designed to speed up the process of determining whether the check is good or not.
The clients can benefit from this system because it will assist them to access their accounts from any branch, anywhere, irrespective of where they have physically opened their accounts. Technology in the banking sector is both employee and customer friendly. It is easier for them to comply on the regulation and policy efficiently while providing the best service to their customers.
MBWin provides a unique feature that allows the customer to do transactions in different currencies. Balance Sheet, Income Statement and Trial Balance can be printed out according to the selected currency.
MBWin facilitates periodic transactions such as interest accrual, report printing, processing of standing orders using the concept of cyclic phases: End-Of-Day, Start-of-Day, End-of-Month and End-of-Year.
This module is designed to consolidate all customer accounts into one data base to aid the bank in determining large credit risk exposure.
This module can handle extensive customer information including account and loan history. It also keeps information related to the account like guarantors, signatories and relationships between other customers.
This module provides comprehensive information about the customer: his accounts and his past loan history. It also maintains account relations and other contacts of the institution.
The general ledger module is integrated with the customer accounts part of the system. General ledger accounts are updated in two different ways, manually and automatically. The manual update is done real-time by the teller, who after building and approving a journal, chooses to update the GL accounts. An automatic update of GL accounts is performed by the system, without human intervention at the End-of-Day and End-of-Month.
The system provides a classic windows menu structure as a set of speed buttons for access to the most common system functions.
It allows the user to set up and specify products without the need of re-programming source code.
MBWin handles a number of periodic operations, like interest accrual, report printing, processing of standing orders using the concept of cyclic phases – i.e. End-of-Day, End-of-Month, End-of-Session and End-of-Year.
It allows the use of up to three languages simultaneously for tellers, customers and for the reports.
The multicurrency module caters for customer accounts in multiple different currencies. Operations in each currency are handled in a separate MBWin system, but some of the information is shared. For example it is possible to view accounts of each client in all currencies. Balance Sheet, Income Statement and Trial Balance can be printed consolidated or by currency.
The system applies the concept of Teller Roles rather than levels. First roles are created and assigned appropriate functionalities, selectable based on the menu structure. Then tellers are assigned one or more roles to provide them access to the menu options they need. Only supervisors can set up the roles and create teller access, rights and restrictions. The access to the system is controlled by teller passwords which the tellers can be forced to change periodically by setting an expiry date.
It should be understood that we would like to shed light on what MBPhil is, its products and services, what they are designed for, so that rural banks will be able to suit their customers’ needs and to match their behavior. As we all know, technology changes practically everything, including the way people transact business with banks. Over the last three or four years, there has been a lot of changes in how rural bank clients behave.
Today, automated teller machine is absolutely not a luxury, and certainly neither are the features that MBv8 and MBWin offer. Interbranch Transaction System for instance comes in handy when transactions are made between two or more branches. The truth is that transactions are carried out this way almost every day in all regions of the country. Hence the need for this and all the other features is now constant.
Banking, whether it’s commercial or rural, is always about service. It’s about keeping people’s money and making them feel safe. While it sounds so simple, it’s not that easy. Perhaps the best way to deal with changes in banking is to set smart goals, write them out and be wise to know the difference between the old and the new, their benefits as you hit the road to success.