Finacle is a core banking system which used by banks or Post Offices to process various tasks and update their databases based on the kind of operations performed.
- Customer detail update
- Any financial transaction.
- Periodic operations such as interest calculation, standing instruction, recurring payment etc.
Thus various commercial, online and may be forex banking services are provided. It is known for its various facilities as :-
- Flexible reporting.
- Interactive interface.
- Normalised databases structure.
- High speed processing capability.