Banking: General Banking
Online Tax System
Features:
- Integrated with the banking portal of one of the largest private sector banks in India
- A comprehensive, fully online service enabling the payment of:
- Direct Taxes - Corporation Tax, Income Tax, Wealth Tax, Tax Deducted at Source (TDS)
- Indirect Taxes - Service Tax and Excise Tax
- Features real-time generation of PDF Payment receipt
- Automated email alerts to intimate users, on completion of transaction.
Benefits:
- A significant tool for the attraction and retention of the most profitable segments within corporate and individual customers
Operational Risk Management
Features:
- Based on the Basel II requirement of provisioning for operations risk
- Compensates the customer for any operational error
- Approvals at various level based on the compensation to be awarded to the customer
- Configurable system enabling the bank to define and modify approval hierarchy based on various parameters
- Classify errors / compensations based on the risk categories
- Generates reports to forecast the provisioning required for the next financial year based on historic data
Benefits:
- Prevention of fraudulent compensation, as the system provides a complete audit trail of the approval.
