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Image Based Inward Processing Solution
Banking transaction volumes are increasing day-by-day. At the same time, there is higher stress on reducing the operational costs and improving staff productivity. Also, with the concept of paperless offices fast catching up and banks looking to keep up with the competition, there is a need to look at newer solutions which will keep them in the race for modern banking.
Forbes Technosys Ltd. offers Image Based Inward Clearing Solution, which is completely customizable to the banks' requirements and enables the banks to keep abreast with changing trends.
Banks have the option of either investing in the solution or opting for the Transaction Fee Model.
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System Highlights |
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- • Receipt of physical checks at the service branch of the bank
- • Scanning of checks to capture the image and
MICR information
- • Image based signature verification
- • Financial verification
- • RBNL & LBNR Report generation
- • Pay / No Pay decision
- • Updation of Inward Returns File in CBS/TBA
- • Image Archival
- • Web-based retrieval for future reference
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Benefits |
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- • Increase operational efficiency.
- • Reduce check processing time and cost
- • Centralized control and management
- • Saving of storage space
- • The archival of images after the processing is
complete saves on the storage hardware.
- • Reduction in human errors due to lesser
manual data entry
- • Lower possibility of unbalanced transactions
at the end of the day.
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Workflow |
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