INTRODUCTION

PIBAS Core is a Total Solution that fulfils almost all the requirements of commercial, retail, Islamic, investment and microfinance banks, leasing financial institutions, and modarabas.

PIBAS CORE is a state-of-the-art system that provides banks/financial institutions a solution that is significantly low in cost but very high in quality and functionality. The solution is developed in such a way that it can be implemented very efficiently in a record little time to ensure that the institutions can immediately start realizing a better return on their investment.

PIBAS CORE offers advance technology and high availability on both centralized and distributed environments and is highly secure. The scalable, flexible and platform-independent database design are some of the features that PIBAS CORE offers to facilitate the banks/financial institutions in keeping up their businesses aligned with the demands of a robust and  volatile market.

Benefits:

• Low Total Cost of Ownership
• A comprehensive solution provided by a Single Vendor
• Fully integrated solution for medium to large enterprises
• Highly configurable
• Unlimited number of users
• Real time/online system
• Can interface with any third party system
• Fully compliant with International Accounting Standard (IAS) and Regulatory Requirements

The system is independent of RDBMS Engines and comprises of the following main modules:

• Parameters
• Security
• General Ledger
• Business / Customer Relationship
• Collateral Management
• Centralized Limits
• Signature/Photo Verification
• Audit & Control
• Bank Charges
• Management Information System
• Central Bank Returns
• Account Management
• Financial Transactions
• Deposit Management
• Cheque Management
• Holds & Liens
• Standing Orders/Instructions