Modular Banking
The SIBAC Modular Banking Suite is a multi-million dollar investment in a customer-centric, single-view complete banking system. SIBAC represents the new direction for a fully integrated banking supply chain, providing convergent, real-time customer-centric and enterprise-wide banking operations. SIBAC has been built on the Dynasty Development Environment. The suite is a set of banking modules that run on multiple platforms. It features a component-based architecture to offer a truly scalable, multi-tier application.
The modules are independently installable. SIBAC provides an environment where new business products can be incorporated easily while supporting the integration with existing legacy systems.
SIBAC consists of functional banking subsystems that cover all the major functions of an international bank from Foreign Exchange through Reporting and the production of Statutory Accounts. The subsystems address specific banking functionality and also implement multi-currency, multi-language, and multi-entity or multi-bank functionality. SIBAC provides just-in-time information to the different organizational levels of the bank, integration with external services or information providers and networks, audit-trace and logging information, banking transaction workflow, historical information, and access-control that may be specified by user, function, and/or profile.
The following is a selection of the main SIBAC modules:
- Environment (business and technical)
- Pricing and Conditions
- Centralized Customer Register
- Centralized Customer Relationship/Contracts
- Retail Product builder
- Product Builder
- Centralized Teller/Branch Offices
- FOREX
- Investments
- Treasury
- Loans and Credits
- Anti Money Laundering
- Payments
- Limits and Controls
These subsystems can also be viewed as supporting the three main organizational levels in a bank: Operations, Middle Management, and Top Management.