KASTLE Core Banking (formerly NEWTON) is an end-to-end core banking solution. It is a comprehensive solution that facilitates a wide range of banking operations. It is highly scalable solution, capable of handling very large volume of transactions. It is highly flexible solution for retail and corporate banking and it can be easily integrated with third party products if required.
KASTLE Core Banking, being a highly parameterizable solution, provides the flexibility of developing new products using an Application Common Module that contains common processing and other general utilities. Each application module in the core banking solution has a set of application specific parameters that can be easily modified for development of new products.
The Banking Application Middleware (BAM) layer within KASTLE Core Banking acts as an interface between third party middleware software and the applications themselves. Since the development of MIDWAY, our own tailor made middleware, the dependence on third party middleware is completely eliminated. MIDWAY also helps in going for both vertical and horizontal expansion of the processing capabilities.
The product is currently available on all major flavors, including Unix and Red Hat Linux. The Linux deployment reduces the total cost of ownership significantly. It provides the flexibility in implementation as it can be configured to run in both centralized as well as distributed environments.
KASTLE Core Banking provides a comprehensive approach to security at all levels within the system that is controlled centrally across the bank. The core banking solution also interfaces with additional devices like finger print readers, thus providing a higher degree of security.
- Customer Information File
- Online General Ledger
- Deposits and Loans including Loan Syndication
- Forex Transaction
- Comprehensive Management Information System
- Trade Finance
- Budget and Expense Management
- Fixed Asset and Inventory Management
- Utility Bill Payment
- Collection and Clearing
- Remittance – Domestic & International (including SWIFT)