PROFITS

A modern core banking system for financial institutions

PROFITS® is a state-of-the-art, robust, and reliable core banking solution and the system of choice for many financial institutions around the world. Its distinctive features enable financial institutions to streamline their business processes, embrace new distribution strategies, implement critical enterprise capabilities, and achieve swift market entry.

PROFITS® embraces a modular architecture that allows financial institutions to easily roll out new offerings and scale them vertically or horizontally, rapidly and in line with their customer needs, empowering them to accelerate market response. It consists of a full set of components, seamlessly integrated and covering all core and near-core banking functionality, such as ERP functionality, in a modular manner. Due to this architecture, PROFITS® can be installed either fully or in a componentised manner, utilising embedded or additional components that are all governed by the same architectural and integration principles.

The customer-in-the-centre approach enhances the ability of financial institutions to understand their customers’ needs and advance the personalisation of services. Embedded analytics on the customer’s overall relationship provides insight for predictive sales and service assistance. As a result, financial institutions are provided the tools for business growth and effective customer relationship management.

PROFITS® extensive capabilities, configurability, and adaptability are proven by numerous installations in a variety of financial institutions such as retail & corporate banks, neobanks & electronic money institutions, credit services, credit unions & cooperative banks, and microfinance credit institutions. Furthermore, PROFITS® is designed and implemented according to the highest security specifications and international quality standards, having an open and solid architecture that ensures agility, scalability, and resilience.

Benefits with PROFITS

A highly adaptable product factory

PROFITS® boasts a modern and highly adaptable product factory that enables the creation and servicing of a broad range of retail and corporate banking products, ensuring swift creation and delivery in response to emerging opportunities. Products and services can be delivered and promoted individually or bundled into packages. PROFITS® supports an extensive array of banking products, from basic offerings like deposits and loans to more intricate and complex structures. It also includes a comprehensive suite of ready-to-use banking products, which can be quickly and effortlessly tailored to align with the bank’s policies.

Business rules engine ensures maximum automation

The Business Rules engine, a core architectural component of PROFITS®, ensures maximum automation in setting up all its elements, thereby minimising the time-to-market. This engine is utilised throughout every subsystem of PROFITS®, fuelling the dynamic definition of application logic via configurable services and facilitating interaction with third-party systems and applications.

Advanced loan management

The PROFITS® Loan Management system is an innovative, configurable solution designed to manage a diverse range of loan types. Whether it’s a loan management software replacement project, a merger between financial institutions, or a loan portfolio acquisition, our team stands ready with a significant track record of migrating new loan portfolios into PROFITS®.

In non-performing loans management, PROFITS® empowers financial institutions to optimise loan recoveries and reduce restructuring risks, thanks to its comprehensive restructuring workflow. With PROFITS®, financial institutions have the right tools to manage complex processes and apply performance enhancements to maximise NPL recoveries.

Risk, regulation, & reporting

PROFITS® includes a robust and extensive regulatory compliance reporting framework, ensuring the timely application of significant supervisory changes. It features a dedicated data staging area that stores all data required by local regulators and supervisory bodies, which can be consolidated using our proprietary reporting framework or transferred to any third-party regulatory reporting tools. Leveraging our extensive expertise in the field, PROFITS® equips clients to efficiently manage complex obligations and respond effectively to regulatory stakeholders.

Open Architecture

The open architecture of PROFITS® provides financial institutions with the ability and flexibility to integrate and innovate, offering an extensive array of potent APIs accessible to third-party systems and applications. This promotes efficient integrations covering all areas of the banking and finance business. Additionally, PROFITS® can deliver a comprehensive set of integration features in pre-built web services or any type of file exchange and messaging modes.

Omni-channel banking and intuitive digital experience

PROFITS® enables financial institutions to create a unified digital ecosystem for all customer touchpoints. Its Digital Experience feature supports banks in deploying digital strategies through a multi-channel approach, offering comprehensive web and mobile banking applications. The e-Branch functionality enhances branch user experiences. The solution aims to provide a smooth, cross-channel customer experience with personalised interactions across all digital and physical touchpoints. Digital channels maintain a consistent look and functionality, ensuring seamless transactions. A single omnichannel gateway facilitates integration and consistency between digital channels and third-party systems.

Cloud Platform, architecture independency, and scalability

PROFITS® provides flexible deployment options, either on-premise or on any cloud platform, thereby reducing reliance on particular products or vendors and potentially lowering costs. In the case of on-premises deployment, it is compatible with a range of technology platforms, including Mainframe, Unix, Microsoft environments, and relational database systems like DB2, Oracle, and SQL Server. The solution handles data management effortlessly and can be scaled up with ease, serving as a platform for competitive advantage through seamless user journeys.

Security Assurance

Our software applications are designed with security by design, under a robust framework of security principles, ensuring their Secure Software Development Lifestyle (SSDLC).

PROFITS components

Core Banking Components

  • Customers
  • Deposits
  • Loans
  • Collaterals
  • Agreements
  • Foreign Exchange
  • General Ledger
  • Product Factory
  • Security

Would you like to learn more?

Reach out to

Thomas Demant