iCBS logo

iCBS

by Virmati Software & Telecommunications · Since 1996
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ActiveAvailable globallyCloud
Quick facts
VendorVirmati Software & Telecommunications
Year launched1996
StatusActive
LocationNo.9, Garden View Corporates, Opp. AUDA Garden, Sindhu Bhavan Road, Bodakdev, Ahmedabad - 380059, (Gujarat) INDIA.
Countries servedGlobal
Languages11
Integrations1+
Free tierN/A
Free trialN/A
Contact salesN/A

About iCBS

ICBS is a core banking system software from Virmati Software & Telecommunications that supports banking and finance institutions in adapting to changing market demands. It provides features like quality policies, reliable data management, and comprehensive customer support so that banks can maintain operational efficiency and competitiveness. With a focus on flexibility, iCBS allows institutions to easily implement new banking products and respond to customer needs. Additionally, Virmati Group offers a range of services through its divisions, ensuring comprehensive support for all banking requirements. Key capabilities: quality policies reliable data management customer support product implementation market adaptability Best for: banking and finance institutions that need a reliable core banking system to manage their operations effectively.

iCBS, developed by Virmati Software & Telecommunications, is a comprehensive and sophisticated core banking solution designed to meet the diverse operational needs of financial institutions. As the core of any modern bank’s infrastructure, iCBS offers a robust platform capable of managing various banking functions such as deposits, loans, payments, treasury functions, and more. This versatility makes it a strong contender for financial institutions looking to streamline their operations, enhance overall efficiency, and elevate the customer experience. One of the key strengths of iCBS is its feature set, which is extensive and designed to cover all aspects of core banking. The core banking module offers essential functionalities such as account management, deposits, loans, and general ledger operations, forming the backbone of the platform. This is complemented by a comprehensive treasury module, which includes cash management, foreign exchange, and derivatives, enabling banks to efficiently handle liquidity and financial risk. Furthermore, iCBS offers robust trade finance capabilities, including letters of credit, guarantees, and other trade-related operations, making it suitable for institutions involved in international commerce.

Pros & Cons

Pros
  • User-Friendly: The software is easy to learn, making it user-friendly and accessible.
  • Ease of Understanding: The options are designed to be easily understood by anyone, regardless of their background or banking knowledge.
  • Educational: Provides a great learning experience for users, helping them understand and monitor the software options effectively.
Cons
  • Lack of integration with other software or systems, requiring manual data entry and duplication of effort.

Features

Key features

Account Management

Create, modify, and manage customer accounts.

Deposits

Handle various deposit products, including savings accounts, fixed deposits, and time deposits.

Loans

Process loan applications, disburse funds, and manage loan portfolios.

Payments and Transfers

Facilitate domestic and international payments, including RTGS, NEFT, and SWIFT.

Cash Management

Manage cash balances, reconcile accounts, and optimize cash flows.

Additional features

Account Management

Create, modify, and manage customer accounts.

Deposits

Handle various deposit products, including savings accounts, fixed deposits, and time deposits.

Loans

Process loan applications, disburse funds, and manage loan portfolios.

Payments and Transfers

Facilitate domestic and international payments, including RTGS, NEFT, and SWIFT.

Cash Management

Manage cash balances, reconcile accounts, and optimize cash flows.

Trade Finance

Support import and export finance, letters of credit, and guarantees.

Treasury Management

Manage foreign exchange, derivatives, and investment portfolios.

Branch Banking

Manage branch operations, including cash management, customer service, and loan processing.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
11
Interface languages
12
Billing currencies

Interface languages

EnglishSpanishFrenchGermanItalianPortugueseDutchChineseJapaneseKoreanRussian

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇯🇵JPY🇦🇺AUD🇨🇦CAD🇨🇭CHF🇨🇳CNY🇸🇪SEK🇮🇳INR🇲🇽MXN🇸🇬SGD

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