Best Scalable and Secured Core Banking System: NikshepCBS Review

NikshepCBS is a core banking system (CBS) specially tailored for the co-operative banking sector in India. This is one of the best scalable and secured core banking systems in the banking software industry, which presently has got a major market share in the co-operative banking sector in northern Kerala and other Indian states. NikshepCBS was introduced with the aim to offer wide range of features and possibilities for the smaller banks to compete with the bigger banks and/or nationalized banks. The name “Nikshep” is derived from a Sanskrit word which means “Treasure”.Banking software companies
As the name suggests, NikshepCBS helps both the bank and its customers to manage their “treasure”.

It is a fully browser-based web application which is developed on ASP.NET platform and its N-Tier architecture makes the deployment more scalable and secured. In addition to it, SSL enabled data transfer makes the transportation layer encrypted and secured. Certain complicated requirements like DOS printing and other device interfacing such as Palm-tech, ATM, Weighing machines etc has been enabled and readily available to the customers.

NikshepCBS is completely a platform independent at the client (end-user) level, and the application is hosted on Windows/ASP.NET platform which needs to be considered sometime as a drawback or disadvantage considering the proprietary licensing cost incurred for the server maintenance. An effective parameterization at the product, module, branch, and bank level reduces client specific customizations and provides a fast deployment/implementation.

A sophisticated reporting engine helps the customer to produce all required reports such as daily reports, periodical reports and the annual reports almost instantly. There are lot of other reports already enabled in the reporting module. Using crystal reports as its reporting engine is another disadvantage which needs to be seriously re-looked.

NikshepCBS comes with extensive selection of features. It is compatible with all the major databases including MSSQL, MySQL, Oracle, etc. Modules such as Customer Management, Shares, Loans, Deposits, KYC Norms, Remittance, Bills Management, Clearing, Locker, etc are already addressed and the centralized database management ensures quick and reliable real-time transaction updates. User friendliness is maintained throughout the application to ensure quick learning and usability which helps the user to navigate effectively within the system.