RegTech integrated with Kensoft's enterprise lending application suite - Retail Lending | Corporate Finance | Microfinance

Kensoft has successfully implemented various aspects of regulatory technology by integrating online statutory reporting and multi-bureau APIs into all core modules of their Award Winning enterprise lending application suite! Kensoft’s FinTech products comprise of built-in regtech solutions with e-KYC integration, CIBIL statutory reporting, online NHB compliant reports, NACH modules with a mandate management system and many more. These application modules are engineered to work with our retail loans system, microfinance system & MSME business loans product.

Our highly specialized core library stack ensures that workflow integration is maintained with functional unification of our core lending engine. These applications and web services are aligned with the system's straight-through-processing in our flagship products of housing finance, corporate lending and microfinance. They have been developed on Oracle Fusion technology with SOA for web service invocations and integration.

Kensoft - ProcessGate: Integrated Lending Application Suite

For instance, our highly comprehensive housing finance software suite has a wide range of system generated reports that cater to monthly, quarterly, half yearly and annual regulatory requirements of NHB (National Housing Bank). We also have CAR (Capital Adequacy Ratio) reporting built in with our loan management systems for catering to the requirements of other national regulators such as the Reserve Bank of India.

To learn more about digitization driven through our enterprise fintech applications, 

please visit ↦ https://m.kensoftnet.com/digitalbanking.html

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Kensoft's Suite of FinTech Applications : Retail Loans

KenCloud Enterprise Lending Mobility Solutions

Our FinTech applications of this product suite are developed with the world's best, most secure and highly scalable Oracle database engines and are integrated with Kensoft's Award Winning loan management systems. KenCloud applications comprise of various modules covering the entire spectrum of the retail loans sector as well as corporate finance/business loans. Automation through our mobile applications would enable NBFCs and other FIs to reduce turnaround time with pro-active alerts and instant acknowledgement and resolution for their field operators and sales agents on the go!

KenCloud Mobililty Suite : DSS Console for Corporate KPI Analytics - Integrated with Kensoft's Enterprise Lending Suite

As seen above, an instance of our DSS Console is shown (as seen on a tablet) with advanced MIS for PEMI and EMI Collections with Corporate KPI details for each month as well as the entire fiscal year. This mobile loan management software is integrated with Kensoft's Enterprise Lending Suite and is designed for NBFCs, Banks & FIs operating in the retail lending, corporate finance and microfinance sector.

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Kensoft | National Award Winner - IT Excellence : BFSI

Kensoft is a proud recipient of the National Award for IT Excellence - BFSI from the Computer Society of India. Formed in 1965, the CSI has been instrumental in guiding the Indian IT industry down the right path since its formative years. Today, the CSI has over 73 chapters with more than 1,00,000 members, including India's most esteemed IT industry leaders, brilliant scientists and dedicated academicians. The evaluation process with knowledge partner Deloitte included a rigorous three tier selection & qualification process to select the winners. The Jury nominated comprised of: Top Industrialists, Senior CSI members, Renowned Academicians and well known practitioner's of Information & Communication Technology. The award was conferred by Mr. J Satyanarayana, Secretary-DOE (DeitY), Union Ministry of  IT and Prof. S V Raghavan, Scientific Secretary to the Union Government, President - Computer Society of India with other eminent dignitaries at the Pan India CSI Awards Convention for Banking and Finance Software Solutions. 

The finalists and star participants included Datamatics Global Services Ltd, Union Bank of India, Tech Mahindra, Bharat Heavy Electricals Ltd, iGate, IBM, Reliance Infra and other corporations of distinguished stature.

Kensoft is recognised for it's wide range of Enterprise Cloud Ready FinTech Applications which are designed to manage & monitor all operational aspects of NBFCs & FIs in the corporate banking & retail lending sectors. We have more than 15 years of rich industry experience, technological competence and proven operational excellence. The KenCloud suite of ERP applications are qualified on the world's best Oracle RDBMS and Fusion Technology.

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Enterprise Home Finance Software : Ken-HomeFinSys

Ken-HomeFinSys is a highly integrated & domain enriched software product for managing & monitoring all operational aspects of a Home Finance Company. Designed and developed on the best in class Oracle Web-tier architecture, Ken-HFS is a highly scalable enterprise application software with dynamic Decision Support Systems and an advanced rule based engine to define & enforce policies at various stages of a loan account through it's entire life cycle. 
Ken-HFS also reduces process complexity in a range of ways, including replacing inflexible, hard copy rules with sophisticated, automated credit policies, legal and technical appraisal checks and various other process checklists. Ken-HFS is cloud ready and can be deployed on the enterprise grid with integration with the Kenware suite of Cloud Applications including Ken-CRM & our customer interaction management systems.
To know more about Ken-HomeFinSys, please visit http://www.kensoftnet.com/kenhfs1.htm

Computer Society of India | Golden Jubilee Celebrations - 49th CSI International Convention

CSI-2014, the Golden Jubilee year of the Computer Society of India (CSI) and the 49th Annual Convention and Student Convention is being organized as a part of CSI@50.
CSI Conventions serve as a forum for discussions, recognition and on benchmarking state-of-the-art research, development and implementation of ICT (information and communications technology) applications for bridging future gaps. Kensoft Infotech Ltd. was a proud recipient of the CSI National Award for IT Excellence at the 48th CSI Convention in 2013.
The progress and growth of any country depends on how to make the lives of its people comfortable and to steer them for a better lifestyle and better living conditions. ICT had become an integral part of governance and the small footprint of the country with great population density makes the implementation of ICT at every walk of life a necessity. ICT is the means to bridge the future of the country with the legacy of the past. CSI in its journey of 50 years witnessed all the changes in the growth of the country, and decided to select Emerging ICT for eliminating gaps in the future to consolidate the ideas of all partners involved to achieve this goal. Like the 48th CSI Convention, the distinguished speakers of this year include the CTO - Bank of America, MD - VMware, CIO - Wipro Ltd. and other industry stalwarts & IT experts.

National Award Winner - IT Excellence 2013 | Kensoft

National Award Winner - IT Excellence 2013 | Kensoft | Enterprise Software Products

Kensoft Infotech Ltd is a proud recipient of the prestigious National Award for Excellence in IT at the 48th CSI Convention-2013.                            

 Kensoft Infotech Ltd, Directors with Executives receiving the award from Secretary-DOE (DeitY), Union Ministry of Communications & IT- Mr. J Satyanarayana and Prof. S V Raghavan, Scientific Secretary to the Union Government, President-Computer Society of India with other eminent dignitaries.

For benchmarking excellence in IT, the 48th CSI Awards Convention included the following participants & finalists: Datamatics Global Services, iGate, IBM, Reliance Infra, Tech Mahindra & other companies of distinguished stature. With Knowledge Partner: Delloite, the evaluation process included a rigorous three tier selection process to select the winners. The Jury comprised of: Top Industrialists , Renowned Academicians and well known practitioner's of Information and Communication Technology.

For more information, have a look at Kensoft's Newscast!

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A Closer look at Big Data Today!

When a collection of data sets are really large & complex, it becomes hard to process and manage such data in traditional ways using conventional RDBMS tools & programs. Such forms of data could be referred to as Big Data. This includes both structured & unstructured data.

                     

Now, it is pretty evident that data is going to keep getting bigger and bigger. Today's data comes from multiple sources. If such data is not managed correctly, it can spiral out of control. 

The aim for most organizations working with Big Data is to be able to analyze & drill through any harmless relevant parts of such data in order to achieve the following:-

• Relative predictions of outcomes and behaviors
• Smarter business decision making
• Quick identification of the most significant customer base
• Cost & time reductions during new product development with optimized offerings
• Usage of inductive statistics with data mining to detect fraudulent behavior

By using some diverse products and extensive data analysis strategies available today, organizations could certainly achieve all of the above & much more.

Almost all Big Data explorers today are saying that it will accelerate efficiency, quality and produce higher levels of customer satisfaction & experience. One must be clear of what their Big Data strategy is and how to go about implementing it.

There seems to be some new business value waiting to be utilized through various emerging big data technologies. Many such products & platforms today are entirely cloud based or have cloud versions. This goes to show that Big Data & cloud computing go hand in hand.

The big question is, will they be consistent enough in handling & monitoring such large data to derive true & new value!

Author - Anshuman Shekhar  via Kensoft Infotech's Blogsite

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Sources/ Reference List :- Wikipedia - http://en.wikipedia.org/wiki/Big_data