CoreSoft is a browser-based core banking solution

Core banking

Core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices.- Core banking :...

 developed and owned by VSoft Corporation

VSoft Corporation

VSoft Corporation is an information technology company headquartered in Georgia, US. The company has its Research and Development wing based in Hyderabad, India...

, a company based in Duluth, Georgia, US. CoreSoft is developed for deployment in North America

North America

North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...

 and Atlantic regions, it being compliant with the regulatory standards of the region.

CoreSoft supports multiple delivery channel, 24/7 availability, real time transactions, and robust reporting capabilities from functional, informational and design and deployment perspectives. The software

Banking Software

Banking Software is rapidly increasing its relevance in today's global society.All banking and other financial institutions have areas in which they specialize in.Bloomberg is another privately held financial software, news, and data company located in New York, USA...

 also integrates with third-party software solution

Solution

In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...

s.

VSoft Corporation

VSoft Corporation

VSoft Corporation is an information technology company headquartered in Georgia, US. The company has its Research and Development wing based in Hyderabad, India...

 provides CoreSoft solution both as in-house and in outsourced model based on the requirement or convenience of financial institutions.

History

According to Bank Technology News

Bank Technology News

Bank Technology News is a technology publication published monthly, with a circulation of 30,000. Bank Technology News also publishes a weekly newsletter...

 article, CoreSoft was built from scratch as a result of an agreement between VSoft Corporation and Carter Bank and Trust back in 2006. VSoft Corporation

VSoft Corporation

VSoft Corporation is an information technology company headquartered in Georgia, US. The company has its Research and Development wing based in Hyderabad, India...

 agreed to develop a core banking software meeting the specific needs of Carter Bank, which was a great leap for both the companies. For Carter Bank, the project meant converting the institution to a new core system, for VSoft Corporation

VSoft Corporation

VSoft Corporation is an information technology company headquartered in Georgia, US. The company has its Research and Development wing based in Hyderabad, India...

, the venture means getting into a new realm, which till then was providing image capture system to financial Institutions.

The success story of CoreSoft continues with many financial institutions of various sizes adopting the software.

Salient Features

A browser-based system built from the ground up on Java technology

Java (programming language)

Java is a programming language originally developed by James Gosling at Sun Microsystems and released in 1995 as a core component of Sun Microsystems' Java platform. The language derives much of its syntax from C and C++ but has a simpler object model and fewer low-level facilities...

 that includes multiple delivery channel support, real-time transactions, 24/7 availability, regulatory compliance standards, and reporting capabilities, such as functional, informational, design and deployment perspectives. It integrates with third-party software solution

Solution

In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...

s while providing a 360-degree view of customer relationships in a secure environment.

Modules Supported

• Deposit Operations

• Loans Operations

• Financial Management

• Risk and Compliance

• Reporting

• EFTPS

• Bonds Redemption

• OFAC

• USPS

• Check and Notice Printing

• Report Writing

External links

• http://www.vsoftcorp.com/vsoft/index.php?id=148
• http://vsoft.co.in/vsoft/index.php?id=106