Embed Size (px)
Citation preview
VSoft Technologies – Confidential
Cheque Image Processing Technology Outsourcing Opportunity
VSoft Technologies – Confidential2
VSoft Corporation Overview
Incorporated in 1996
We are a financial marketplace solution provider specializing in information systems. Our strength is developing, implementing,
and supporting state of the art software solutions for the financial services industry.
OfficesAtlanta, USA
Hyderabad, India
Manilla, Philippines
Products
•End-to-end Cheque Truncation Solutions
•Core Banking Software
•Document Imaging
•Financial Inclusion Solution
VSoft Technologies – Confidential3
Customers
* Approximate volumes per day
VSoft Technologies – Confidential
What are banks doing in India?
Business plans Increasing Geographic presence Increasing Service Window times Getting ready for Cheque truncation by region
Financial plans Reduce operating expense Increase Revenue Improve Customer Service Increase Cross Selling touch points
Slide 4
VSoft Technologies – Confidential
Cheque is here to stay
Reduction in Volume EFT RTGS Debit Card Credit Card
Increase Cost of Processing
Slide 5
VSoft Technologies – Confidential
VSoft Solution
Totally Outsourced Model Hardware Infrastructure Software Resources
What is different? Technology Costs Total Responsibility
Slide 6
VSoft Technologies – Confidential
Image Capture
Log Batches from Branch
Capture Batch Ticket
Capture MICR Line
Capture Front and Back Images as per RBI guidelines
Endorsement Images as per RBI guidelines
Unique Sequence Number By Branch / Scanner
Flow mode Capture
Cheque Imaging Workflow
Branch / HubBranch / Hub
Image CaptureImage CaptureBatchLoggingBatch
Logging
Slide 7
VSoft Technologies – Confidential
Cheque Imaging Workflow
Branch / HubBranch / Hub
Image CaptureImage CaptureBatchLoggingBatch
LoggingImage Quality Management
Image Quality Management
Image Quality
Global Image Quality
Partial Image
Excessive Image Skew
Piggy Backed Image
Image Too Light or Too Dark
Image Contains Streaks and/or Bands
Below Minimum Image Size
Exceeds Maximum Image Size
Slide 8
VSoft Technologies – Confidential
Cheque Imaging Workflow
Branch / HubBranch / Hub
Image CaptureImage CaptureBatchLoggingBatch
LoggingImage Quality Management
Image Quality Management
Image Review Image Review displays images of all items that have
failed Image Quality check
Teller reviews images and optionally Re-Scans bad images
Image Re-Scan Selected Items are Re-Scanned for a better Image
System validates MICR to make sure the image replaces the right item
Piggyback
Partial Document
Too Light
Image (Re) scan
Image (Re) scan
Slide 9
VSoft Technologies – Confidential
Cheque Imaging Workflow
Branch / HubBranch / Hub
Image CaptureImage CaptureBatchLoggingBatch
LoggingImage Quality Management
Image Quality Management
Image (Re) scan
Image (Re) scan
Reports
Archive
Local Archive
5 day Storage
Backup in case of Lost Cheques
Same Day Availability of Images
Slide 10
VSoft Technologies – Confidential
Cheque Imaging Workflow
Branch / HubBranch / Hub
Image CaptureImage CaptureBatchLoggingBatch
LoggingImage Quality Management
Image Quality Management
Image (Re) scan
Image (Re) scan
Reports
Archive
Secure File Transfer ProtocolSecure File Transfer Protocol Image & Data
Secured Transmission
Status based Transmission Files transmitted to central site in a variation of the X9.37 format
Transmission uses
Secured FTP Client
128-bit Encrypted secured connection
Connection via Secure Sockets Layer [SSL]
Slide 11
VSoft Technologies – Confidential
Cheque Imaging Workflow
Branch / HubBranch / Hub
Image CaptureImage CaptureBatchLoggingBatch
LoggingImage Quality Management
Image Quality Management
Image (Re) scan
Image (Re) scan
Reports
Archive
Secure File Transfer ProtocolSecure File Transfer Protocol Image & Data
Operations CenterOperations Center
IRISIRIS
DIGITAL DASHBOARDDIGITAL DASHBOARD
1. MICR line of Rejects only If the cheque was run upside down,
IRIS rotates the cheque
If the cheque was run front side backwards, IRIS flips the cheque
2. Updates the Database with the corrected MICR
3. Writes audit trail
4. Saves the New Image Orientation. ICR on MICR
Slide 12
VSoft Technologies – Confidential
Cheque Imaging Workflow
Branch / HubBranch / Hub
Image CaptureImage CaptureBatchLoggingBatch
LoggingImage Quality Management
Image Quality Management
Image (Re) scan
Image (Re) scan
Reports
Archive
Secure File Transfer Protocol Secure File Transfer Protocol Image & Data
Operations CenterOperations Center
IRISIRIS
DIGITAL DASHBOARDDIGITAL DASHBOARD
Image Character Recognition Courtesy Amount Read (CAR) Legal Amount Read (LAR) Payee Date Payee Name Depositor Account Number Rear of Cheque
CAR/LAR/Forms
CAR/LAR/Forms
Slide 13
VSoft Technologies – Confidential
Cheque Imaging Workflow
Branch / HubBranch / Hub
Image CaptureImage CaptureBatchLoggingBatch
LoggingImage Quality Management
Image Quality Management
Image (Re) scan
Image (Re) scan
Reports
Archive
Secure File Transfer ProtocolSecure File Transfer Protocol Image & Data
Operations CenterOperations Center
IRISIRIS
DIGITAL DASHBOARDDIGITAL DASHBOARD
CAR/LAR/Forms
CAR/LAR/Forms
Reconcilement & Balancing
Reconcilement & Balancing Reject RepairReject Repair Amount EntryAmount Entry
Payee NamePayee Name
High Speed Amount Entry
Key amounts – upwards of 2500 iph
Only 30% is manual
Image Reject Repair
Fix rejects as per sort pattern
Only 20% is Manual
High Speed Amount Entry
Key amounts – upwards of 2500 iph
Only 30% is manual
Image Reject Repair
Fix rejects as per sort pattern
Only 20% is Manual
Balancing
Next Out Of Balance transaction
Image Correction
Payee Name
Fix only unreadables
Only 10% is Manual
Balancing
Next Out Of Balance transaction
Image Correction
Payee Name
Fix only unreadables
Only 10% is Manual
Slide 14
VSoft Technologies – Confidential
Cheque Imaging Workflow
Branch / HubBranch / Hub
Image CaptureImage CaptureBatchLoggingBatch
LoggingImage Quality Management
Image Quality Management
Image (Re) scan
Image (Re) scan
Reports
Archive
Secure File Transfer ProtocolSecure File Transfer Protocol Image & Data
Operations CenterOperations Center
IRISIRIS
DIGITAL DASHBOARDDIGITAL DASHBOARD
CAR/LAR/Forms
CAR/LAR/Forms
Reconcilement & Balancing
Reconcilement & Balancing Reject RepairReject Repair Amount EntryAmount Entry
Payee NamePayee Name
Real-Time Status of all Batches
Various Institution / Branch information
Transmissions statuses
Real-Time Status of all Batches
Various Institution / Branch information
Transmissions statuses
Online On Demand Operator productivity Operator Audits Scanner Statistics Recognition Rates
Online On Demand Operator productivity Operator Audits Scanner Statistics Recognition Rates
eReceipt
Reports
Exceptions
Status
Slide 15
VSoft Technologies – Confidential
Cheque Imaging Workflow
Branch / HubBranch / Hub
Image CaptureImage CaptureBatchLoggingBatch
LoggingImage Quality Management
Image Quality Management
Image (Re) scan
Image (Re) scan
Reports
Archive
Secure File Transfer ProtocolSecure File Transfer Protocol Image & Data
Operations CenterOperations Center
IRISIRIS
DIGITAL DASHBOARDDIGITAL DASHBOARD
CAR/LAR/Forms
CAR/LAR/Forms
Reconcilement & Balancing
Reconcilement & Balancing Reject RepairReject Repair Amount EntryAmount Entry
Payee NamePayee Name
Notification
Central Site System sends an “e-Receipt” to the designated Branch email address
The “e-Receipt” details the total Deposit value and number of items
Sends an End-Of-Day total deposit summary receipt to the branch supervisor
Notification
Central Site System sends an “e-Receipt” to the designated Branch email address
The “e-Receipt” details the total Deposit value and number of items
Sends an End-Of-Day total deposit summary receipt to the branch supervisor
eReceipt
Reports
Exceptions
Status
Slide 16
VSoft Technologies – Confidential
Cheque Imaging Workflow
Branch / HubBranch / Hub
Image CaptureImage CaptureBatchLoggingBatch
LoggingImage Quality Management
Image Quality Management
Image (Re) scan
Image (Re) scan
Reports
Archive
Secure File Transfer ProtocolSecure File Transfer Protocol Image & Data
Operations CenterOperations Center
IRISIRIS
DIGITAL DASHBOARDDIGITAL DASHBOARD
CAR/LAR/Forms
CAR/LAR/Forms
Reconcilement & Balancing
Reconcilement & Balancing Reject RepairReject Repair Amount EntryAmount Entry
Payee NamePayee Name eReceipt
Reports
Exceptions
Status
Archive
HostApplication
Power EncodePower EncodeReserve Bank of India
DirectExchange
Slide 17
Exchange Monitor
Exchange Monitor
VSoft Technologies – Confidential
Technology Outsourcing Opportunity… Summary
Environment
Completely Automated Less Expensive Hardware Distributed Infrastructure
Technology
Image Based Cheque Truncation Ready Future Products
Nationwide Archive Merchant Capture
Benefits
Lower Cost of Processing Faster Processing Greater Accuracy Higher Accountability
VSoft Technologies – Confidential
Thank You!
