Titan Core Banking Solution

Central Software’s Titan is a retail banking system that provides a full range of retail, corporate and trade banking services. It is customer-centric, multi-currency, multi-lingual, multi-institution and multi-branch.

Titan assists ambitious banks provide the same range of products and services as the largest financial institutions, in a cost-effective manner.

FULL SUPPORT

Titan is modular so you can deploy only the software you need as you need it. This simplifies operations and minimises support. As your business expands, you can deploy additional modules. The system’s architecture supports all of the bank’s and building societies banking channels.

Titan at Branch Level
Titan caters for multiple internal branch operations, including full support for all teller, foreign exchange, customer services, back office and management activities:
• Customer and Account Opening
• Customer and Account Enquiries
• Online Signature and Image Verification
• Full range of Local and Foreign Currency Transactions
• Cash and Security Items Management
• Online Referrals and Authorisation
• Security, Audit and Reporting
• Device Integration
• Integration to a variety of Legacy Host Systems

TIME TO MARKET

Central Software has worked with its clients for the last 23 years and has encapsulated much of that knowledge in Titan so more banks and building societies can deliver market-leading products, from everyday deposit accounts to more sophisticated trade and treasury operations.

Titan cuts costs
+ Eliminates errors through automation
+ Replaces systems with one platform
+ Reduces operating costs
+ Reduces staffing head count

Titan increases revenue
+ Provides a total view of the customer
+ Deploys sophisticated fees
+ Enables a wide variety of products
+ Quick and easy product uplift

Titan reduces risk
+ Flexible, central limits system
+ Supports multi-level authorisation
+ Comprehensive reports and enquiries
+ Direct link to watchlist monitoring and reporting

Titan improves customer service
+ Reduces error rates
+ Single client-centric view
+ Automates manual activities

Titan is robust and secure
+ Proven technology, UNIX and Windows
+ Proven track record
+ Multi-layered security model

THREE TIER ARCHITECTURE

Titan manages the underlying data separately from the business logic which, in turn, is separate from, but easily accessed by, the channel applications.

The Data Layer:
+ Is customer centric
+ Holds information about accounts and transactions
+ Can be used to store historical information archives
+ Supports multi-company and multibranch operations
+ Delivers multi-currency accounting

Product & process layer
To be competitive today, every bank, regardless of size, needs to be able to offer a wide range of products and services. This layer is the home of the product portfolio. In consumer and commercial banking, Titan supports current and savings accounts, term deposits and a wide range of
lending products. In trade finance, the system provides Letters of Credit, Collections and Guarantees. For treasury, standard FX and money market instruments are backed up by more sophisticated products, such as securities and derivatives. Titan has the tools you need to support customers as their interests diversify – for example, investment and portfolio management modules, safe custody and collateral management capability. All services are backed by exhaustive management information and reporting capabilities, process control, document and correspondence management.

Channel layer
Titan enables fast design and deployment of new products and services. The Channel Layer ensures that you can reach your customers when and where they want:
+ In the branch
+ At the ATM
+ Via Point of Sale
+ Through call centres and IVR
+ On the internet

Common services
To support Titan’s wide range of products and services, the System provides an extensive range of common services, including a flexible service charging system that supports transaction charges, customer service charges, product charges, anniversary charges and periodic charges such as those
based on account turnover or average balance. For interest and tax purposes the system provides a wide range of calculation, accrual and application methods. To minimise credit risk, the system provides extremely flexible, parameter driven limits monitoring structures. It also provides a wide range of facilities to monitor cheques and drafts presented for payment – even down to cheque number monitoring and management. Standing orders, sweeps and direct debits support both funds transfer and bill payment. Gateways, both batch and interactive, support many business areas, including salary payments and clearing. For clearing, interfaces range from BACS to a full-blown Item Processing System for automatically handling the bulk lodgement MICR encoded cheques.