Value Proposition

bMASTER Enterprise Banking System is a technologically advanced core banking system that covers a wide range of business processes that take place within a bank (retail, wholesale and multi-channel banking).

bMASTER Enterprise Banking System provides innovative solutions to key issues, all the Financial Institutions (regardless of size and geographic location) face today

Resilience
Financial Institutions operate in a "turbulent" environment, where business and technology forces shape their today's operation and future's strategy. In the past, executives had the luxury of assuming that business models were more or less immortal. Today, this "turbulent" environment forces them to rethink and radically change their business mind. bMASTER Enterprise Banking System offers resilience, the capacity to reinvent their business model before circumstances force them to, making the goal of their organization to constantly shape the future rather than defend the past.

Flexibility
bMASTER Enterprise Banking System has been architecturally designed to accommodate change. It incorporates high degree of parameterization, nothing in the system is hard-coded, and the "behavior" of the financial institution is described and controlled by a set of parameters. Its flexible nature allows management to map the corporate strategy into the system, and through management decision making tools (Business Intelligence) to monitor its execution.

Its highly flexible nature allows financial institutions to easily envision, build and launch to market new products and services, acquiring a competitive advantage over other financial institutions.

bMASTER Enterprise Banking System has been architecturally designed to support customer-centric operations (offering a single view of customer), multi-site operations (across multiple countries, or multiple business zones in each country), multiple accounting standards (including IAS), multi-currency processing, multi-lingual, and enterprise wide Business Process Management (for business process mapping and optimization) and Business Intelligence (for management decision making).

Increased operational efficiency
Core banking systems are fundamental to the efficiency operation of any financial institution. bMASTER Enterprise Banking System offers significant added value and clear ROI in the areas of operational efficiency and cost control, through its business process management solution that enables the tailoring, implementing and monitoring of complex business processes across the organization. bMASTER Enterprise Banking System offers increased operational efficiency which significantly lowers operating costs, allowing financial institutions to be highly competitive and to offer significant value to their customers.

Reduce operational risk
Inconsistent data and unclear processes worsen operational risk management. bMASTER Enterprise Banking System gives a full and clear picture of a customer's financial position and can control adherence to set limits for the customer, the product, the industry or the country.

Lower cost in operations
Financial Institutions usually adopt strategies focused on product development, which resulted at best a three-month head start over competition. bMASTER Enterprise Banking System enables financial institutions to adopt strategies based on process innovation, which give more than a year ahead of competition. It features an innovative business process management solution, which allows increased level of process integration or even full scale business transformation. It improves efficiency by streamlining the flow of processes performed by people and systems. It enables the dynamic modification of business processes, even after they have been initiated. Reaching higher levels of operational efficiency (through optimization of business processes), financial institutions achieve lower operation costs, while gaining significant competitive advantage over competition (which is significantly higher and sustainable than the one gained from fast market launch).

Increased functionality
Due to the lack of flexibility in existing core banking systems to accommodate change, a significant number of financial institutions face the problem that is time-consuming to modify existing core banking systems to accommodate new requirements. bMASTER Enterprise Banking System offers extensive functionality in the areas of retail banking, wholesale banking and multi-channel banking. It is a complete core banking packaged solution, and throughout its evolution significant new functionality (business and technological) has been incorporated in every new release (as it is clearly shown in the solution map). This commitment in the evolution of bMASTER Enterprise Banking System (from release to release) provides clear added value to the financial institution with new functionality in every year.

Fast product launch
bMASTER Enterprise Banking System incorporates an innovative product "factory", which allows the fast tailoring and market launch of new products and services. This fast product launching feature, allows the marketing department of financial institutions to tailor new products, early launch them into the market, and stay ahead of competition while gaining significant competitive advantage.

Reporting
bMASTER Enterprise Banking System features an extensive reporting system, which is enhanced with the enterprise wide Business Intelligence, while it is capable to integrate information from other systems. This open architectural design allows the gathering of information from multiple sources (within and outside the solution) in order to provide value-added information to customers and aid management in decision making.

Managed implementation risk
The idea of a financial institution replacing its core banking system is not new. Implementing a core banking replacement is not an easy job. It has been linked to undergoing heart transplant while running a marathon. Core banking replacement is not an IT issue, but rather a strategic decision, which may require business transformation in order to deliver optimum results.

A core banking replacement project requires massive investment and the political will to change and move forward. An overwhelming majority of financial institutions have realized that the best way to implement a core banking replacement (and minimize implementation risk) is to lead and manage the implementation by themselves (a special team created for this purpose) rather than depend on third parties. bMASTER Enterprise Banking System supports this effort through an implementation guide, which offers an implementation methodology (a proven approach from multiple successful implementations).

Open architecture
Although bMASTER Enterprise Banking System incorporates extensive functionality (across retail, wholesale and multi-channel banking) it has been architecturally designed to offer interoperability with other systems. Its open architecture allows financial institutions to build in-house solutions, which will seamlessly integrate with bMASTER Enterprise Banking System (as if they were a single system), using the bMASTER Enterprise Banking System - SDK (Software Development Kit).