Axendit Core Banking provides the efficient and reliable transaction processing with broad range of flexibly defined banking products and services.
The system features a client-oriented architecture and is capable of quick and seamless integration with other IT systems used at the bank through a wide range of business services (SOA), meeting all the requirements of omnichannel architecture. Axendit Core Banking is a fully-fledged solution which can provide support for banks with different business profiles: universal, retail, corporate, mortgage, auto financing and cooperative banking. Axendit Core Banking is an efficient and fully scalable system, working continuously in the 24/7 mode, and capable of supporting even the largest banking organizations. Axendit Core Banking has been designed to be deployed either in-house or in the Software-as-a-Service model.
Banking Products
Retail banking
Personal account
Savings account
Payment card
Term cash deposits: standard, rentier, progressive interest
Revolving loans: account overdraft limit
Non-revolving loans: cash, instalments, mortgage, auto financing, subsidized loan
Payments: internal, domestic, international transfers
Standing orders
Direct debits
Corporate banking
Current account with overnight deposits, consolidation of funds
Payments: internal, domestic, international transfers
Standing orders
Bank guarantees
Key Functionalities
Product management and pricing
Hierarchical structure of products with the feature inheritance mechanism. Independent defining of products and their prices.
Four-eyes principle (4EP)
Business data modifications can be controlled by a second operator across all areas of the system.
Expandable definition of customer file
The customer file is a complete set of features describing a client. The scope of collected information can be extended by the bank’s system administrator.
Multi-level control of limits
Monitoring of the client’s loan limits at various levels: loan agreement, multi-purpose loan facility, capital group.
Flexible definition of access rights to the system data and options
Access to customer data is controlled at many levels.
Archiving of business data
After the retention period is over, business data are transferred to an archive database
Key Functionalities
Improved customer experience
24/7 handling of customer orders, processing of transactions in real time throughout all available channels (even during the end-of-day processing).
Short time-to-market
New products can be defined by the bank’s system administrator Comprehensive offering of banking products..
Straight-through processing of orders
Automation of transaction and payment processing (STP).
Improved customer experience
Four-eyes principle (4EP) available in all of the system sections.
Monitoring and auditing of user activities.
Advanced methods for managing user permissions with the possibility of restricting access to individual business objects.
Highly stable and efficient performance
Readiness to process customer orders regardless of an increased volume of current transactions.
99.5% availability of the system
Effortless integration
Wide range of business services (API) allowing for quick integration with the bank’s external systems.
Technology Stack
Programming languages and main frameworks - PLSQL Oracle Forms, Oracle Reports
Application servers - Oracle Forms and Reports Server
Database - Oracle Database Enterprise Edition
API Servers - Oracle WebLogic Server, IBM Websphere
