Introducing Finacle In this session, you will learn to: Understand various features of Finacle Understand the operations supported by Finacle Understand important keys and terms used in Finacle Familiarise with the user interface of Finacle Objectives Slide 1 of 16
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Introducing Finacle
In this session, you will learn to:
Understand various features of Finacle
Understand the operations supported by Finacle
Understand important keys and terms used in Finacle
Familiarise with the user interface of Finacle
Objectives
Slide 1 of 16
Introducing Finacle
A banking solution provided by Infosys.
It runs on:
UNIX operating system
Oracle as the backend RDBMS engine
Is highly flexible and scalable.
Is customer centric and not account centric:
Features of Finacle
Slide 2 of 16
Is customer centric and not account centric:
Customer belongs to the bank
Account belongs to the branch
Introducing Finacle
Provides multi-lingual support and multi-level security
Provides various tools and utilities such as:
Content sensitive help
Information on inventory status
Memo pad
Letter generator
Features of Finacle (Contd.)
Slide 3 of 16
Letter generator
Audit trial
Introducing Finacle
Customer Master Maintenance (CUMM)
Opening of Accounts (OAAC)
Account Maintenance (ACM)
Closure of Accounts (CAAC)
Transactions:
Operations in Finacle
Slide 4 of 16
Cash
Clearing
Transfer
Remittances
Introducing Finacle
Inventory Management
Stop Payment (SPP)
Reports
Systemic Processes:
Day End
Operations in Finacle (Contd.)
Slide 5 of 16
Day Begin
Next day Day Begin
Introducing Finacle
Work Flow: Sequence of functions to be followed
Scheme Types: Hard Coded. 14 in numbers
Scheme Code:
Defined under a Scheme Type
Created for each Bank product
Linked to a Sub GL
Common Terms and Keys Used in Finacle
Slide 6 of 16
Linked to a Sub GL
Customer Accounts:
Opened for a customer under a Scheme Code
Office Accounts:
General accounts other than customer accounts
A transaction updates the account and the respective Sub GL
Introducing Finacle
Work Class:
3 digit number representing different levels in a bank
Used for Menu access control
Role Profile:
Passing powers and authorisation powers
Part Tran: Part of a transaction
Common Terms and Keys Used in Finacle (Contd.)
Slide 7 of 16
Part Tran: Part of a transaction
Interest Calculation:
Accrual: Mere calculation
Booking: Accounted for at the Bank Level
Collection: Effects the customer accounts
Placeholder: A label used to identify Office accounts
Introducing Finacle
Branch Advice Request (BAR):Raised by a branch on another branch for reversal of the debit entries made.
Temp table: A table where the data is stored temporarily.
Zone: Defined for both Inward and Outward Clearing.
Common Terms and Keys Used in Finacle (Contd.)
Slide 8 of 16
Introducing Finacle
Exceptions:
Warning:
Is merely a message
Allows the user to proceed
Exception:
Is a deviation from the normal banking rules
Common Terms and Keys Used in Finacle (Contd.)
Slide 9 of 16
Is a deviation from the normal banking rules
Can be overridden by appropriate authority
Should be authorised by the appropriate work class
Error:
Is a deviation from normal banking rules
Cannot be overridden by any user
Introducing Finacle
F1: Help
F2: List of items for selection
F3: Back
F4: Accept
F5: Background menu
Common Terms and Keys Used in Finacle (Contd.)
Slide 10 of 16
F6: Go to next page
F10: Save
Introducing Finacle
F12: Go to previous page
SHIFT + F4: Populates the marked value from a list to the Field
CTRL + X: Populates default values in a field
CTRL + E: Explode
Common Terms and Keys Used in Finacle (Contd.)
Slide 11 of 16
Introducing Finacle
User Interface of Finacle
Slide 12 of 16
Introducing Finacle
User Interface of Finacle (Contd.)
Slide 13 of 16
Introducing Finacle
User Interface of Finacle (Contd.)
Slide 14 of 16
Introducing Finacle
In this session, you learnt that:
Finacle, a banking solution by Infosys, is highly flexible and
scalable.
It runs on UNIX operating system and uses Oracle as the
backend RDBMS engine.
Finacle supports multiple languages.
Summary
Slide 15 of 16
Finacle supports multiple languages.
It provides multiple levels of security.
In Finacle, each customer gets a unique customer ID which is
unique for the bank and not for the branch
Introducing Finacle
In Finacle, the pre-requisite for opening an account is to have
a customer ID.
Finacle supports various banking operations, such as
deposits, transactions, remittances, clearing and generating
reports.
There are various terms used in Finacle, such as UPM, SOL,
Work Flow, OSP, BAR and zone.
Summary (Contd.)
Slide 16 of 16
Work Flow, OSP, BAR and zone.
There are specific keys that are used in Finacle for various
functions, such as F1 is used for Help, F2 is used for retrieving
the list of items for selection and F10 is used for saving.