March 22, 2010
VSoft Introduces CoreSoft
By Anil Sharma
VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, has unveiled CoreSoft, a new core solution that meets an industry need to replace legacy systems with a technology that can provide seamless, real-time, high-volume and high-performance transactions across multiple channels supporting all the deposit and lending activities.
According to company officials, the flexible solution is scalable to any size financial institution aiding them in attaining long-term growth strategies.
“Today’s savvy financial institutions are honing their focus on business agility as a strategic differentiator in trying to gain a competitive edge,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation, in a statement.
Veeraghanta said that they need solutions with ingenuity and speed to react to changing market conditions while also getting a quick return on investment.
He said that CoreSoft meets that need for a transformation in banking processes. The results are improved operational efficiencies, enhanced customer service, a proactive approach towards risk mitigation and strong reductions in operating costs, he added.
Company officials said that CoreSoft is a browser-based system that includes multiple delivery channel support, optional real-time transactions, 24/7 availability, proven regulatory compliance standards, and robust reporting capabilities, such as functional, informational, design and deployment perspectives.
It, company officials pointed out seamlessly integrates with third party software solutions while also providing a comprehensive 360-degree view of customer relationships in a secure environment, thus improving productivity and enhancing efficiency as compared to legacy systems.
CoreSoft also enables financial institutions to widen their reach with multiple delivery channel support.
“Listening to your customers and developing the solutions they need is paramount in today’s banking environment. We recognize the increased demand for efficiency, accuracy and compliance in banking and have created CoreSoft to address those concerns,” said Veeraghanta.
He said that the core platform gives bankers the solid foundation they need in order to get the end-to-end features and smooth functionality they want. As a result, they will have the ability to integrate all disparate and self-contained services into a flexible, scalable foundation, said Veeraghanta.
Anil Sharma is a contributing editor for TMCnet. To read more of Anil’s articles, please visit his columnist page.
Edited by Patrick Barnard