Browser-Based Core Processing System

Atlanta, Ga. //

Looking to make core processing for banks and credit unions easier and less time consuming, VSoft Corp. has launched Wings, a flexible and comprehensive core processing system built on advanced browser-based technologies.

Wings includes a suite of modules that seek to simplify and modernize core processing for banks and CUs — the new platform provides seamless, real-time, high-volume and high-performance transactions across multiple channels, hoping to provide a more consistent and intuitive digital banking experience. It is meant to enhance overall account holder experience and significantly increase operational efficiencies, giving financial institutions more time to do what they do best: serve their account holders.

Users can customize reports and export in a variety of formats to fit their needs, and automated monthly report generation is available to help banks and credit unions leverage the data the platform collects. By providing a unified view of account holder information, the core system synchronizes fragmented systems and enables user institutions to make data-driven decisions.

The solution is device agnostic, and VSoft works to certify a variety of technology options to maintain a financial institution’s freedom to choose hardware solutions that allow branch employees to be more flexible and available to account holders. The company believes the system allows banks and CUs to adapt quickly to industry changes and scale operations through the independent platform and open-system design.

“Financial institutions with outdated, legacy core technology can no longer compete in today’s ultra-competitive market,” said Murthy Veeraghanta, chairman and CEO of VSoft. “In response, we developed a functional, flexible core system that allows organizations to work more efficiently and compete at higher levels.”

Users can adapt either real-time posting, batch posting or a combination of the two transaction processing methods in an operating environment of their choice. Due to the customizable nature of the platform’s business rules and thresholds, FIs can configure new products and roll them out quickly within a matter of minutes due to the system’s flexible parameters. New screens, sections and fields can be added in real time, natively in the system, without having to depend on costly programming, VSoft asserts. The overall objective is that institutions are able to maintain and surpass their goals while spending less time and less money on costly edits and add-ons.

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