SIDSOFT: Proliferating Banking Services by Adopting Multi-Channel Integration
With the growth in online finance, most banks have deployed CBS (Core Banking Services) and many are in the process of adopting CBS with in-house development or vendor based solutions. Consequently these organizations are facing issues pertaining to Proper Implementation of CBS and multi-channel integration which has raised lot of operational problems causing loss in the business. 
SIDSOFT is developing and hosting a Free web based software solution for all Co-operative Societies
Headquartered in Bangalore, Karnataka, SIDSOFT Technologies caters Co-Operative Banking software solutions and technology services to various rural, semi-urban and urban financial institutions since 1996. The organization has core specialization in providing Software solutions to Co-Operative Banks and Co-Operative Societies with more than 250 satisfied clients for 2 decades. “The service requirements of Co-Operative Banks are unique as they are bound by Rules and regulations of Co-Operative Act, RBI 1949 AACS and IT Act, hence they have to adopt technology and solutions which conforms to all the above acts in terms for Retail banking and Multiple Channel implementations” states Pruthvi Shankar, Director,
SIDSOFT.Apart From RobustCBS Solutions the company yields various channels that can be adopted by these institutions like SMS Delivery Channel, Online Website Services for Customer Interface, Public ATM's Under RUPAY Network, Mobile Banking and RTGS/NEFT Services as Member or Sub-Member to compete with the market peers. Moreover, for successful implementation of CBS, SIDSOFT follows flawless Conversion and implementation procedure with four tier architecture for various Payment Channels.“As the adaptation of CBS depends upon size of the bank and the cost, it is advisable for the small financial institutions to go for rental basis where they don’t have to spend on IT Infrastructure like hardware and accessories of the Data Center, whereas medium & large organizations can own their Data Center and DRS( Disaster Recovery Server) which would help them to have full control over the system” adds Pruthvi. Additionally, SIDSOFT’s G-CBS facilitates robust and tailor-made solutions for the BFSI domain with multiple platforms for add-on implementations. G-CBS solutions generates comprehensive reports namely Co-Operative Department Reports, All Statutory Reports as per RBI norms and Income Tax Reports for better banking operations and management. The company delivers competent training to the client’s in-house team for smooth implementation of these solutions.
Many of the Europeans Countries have adopted/ are adopting Zero Currency Policy by facilitating wallet Banking and efficient Online Transaction system, SIDSOFT is in the process of Development and Implementation of Wallet Banking as Providers and Aggregators for future Banking solutions. SIDSOFT is also in the process of Implementation Of EFT Switch on its own Data Center with PCI DSS V3. 1 Compliance.
As social responsibility SIDSOFT is developing and hosting a Free web based software solution for all Co-operative Societies to empower micro, mini and small financial institutions, which are providing financial services to rural and semi urban areas. This Web Based Solution Includes all the facilities of banking system, Payment channels with Stateof Art Technology.
Many of the Europeans Countries have adopted/ are adopting Zero Currency Policy by facilitating wallet Banking and efficient Online Transaction system, SIDSOFT is in the process of Development and Implementation of Wallet Banking as Providers and Aggregators for future Banking solutions. SIDSOFT is also in the process of Implementation Of EFT Switch on its own Data Center with PCI DSS V3. 1 Compliance.
As social responsibility SIDSOFT is developing and hosting a Free web based software solution for all Co-operative Societies to empower micro, mini and small financial institutions, which are providing financial services to rural and semi urban areas. This Web Based Solution Includes all the facilities of banking system, Payment channels with Stateof Art Technology.
