Business Partner : Infosys
Foray : Corporate Marketing
Modus Information Systems Pvt Ltd was founded by professionals highly experienced in core banking domain services, banking software & SEO solutions and armed with zeal for entrepreneurship and tenacity to win. Incorporated in the year 2003, Modus started offering niche Banking Security Services, Finacle Quality Assurance, BI Tool (ModusBI).
Aggressive Target of Expansion into new service lines & geographies
Core Banking Transformation Opportunities
Non-Banking Financial Services
Third Party Products
"End to End" System Integration Projects.
"Defined By Excellence" We strive to deliver great results in banking software, SEO services for our Clients.
We take pride in our outstanding organic growth based on upright business principles. Our Financial Statements represent true state of affairs and we are responsible Corporate citizens.
We comply with applicable Labour, Establishment, GST and Tax laws.
We speak your language- We bring to the table a refreshing and eclectic mix of best in class, meticulously crafted technology solutions, that dovetail with our esteemed client’s business objectives
Delivery as Promised
Adherence to Partnership terms in letter and spirit.
Product and Project Specialists with adequate on-field experience for every Modus’ offering
Experienced Client Engagement teams to ensure continued Client Support
Processes benchmarked against global standards like CMMI/PMI
Unblemished track record of successful projects
NKGSB is a leading co-operative bank having major presence in Maharashtra, Goa, Gujarat, Karnataka, operates 107 branches and has a large network of ATM’s across these states.
The Bank had taken a decision to take a major technology transformation. The Bank started a core banking transformation project, migrating from legacy banking technology to Finacle, and changing much of the banking application portfolio and infrastructure with it.
The project ran for approximately 17 months , ending in a big bang roll out in January 2017 . Throughout these 17 months a team of 40-60 IT and business personnel, comprising employees from Modus and the Bank were on site and at its peak the team strength reached around 80.. Fifteen employees from the Bank ’s IT organization were deployed full time.
Data migration and standardization, as would be expected of a project of this nature, was particularly challenging and went through over multiple runs.
A train-the-trainers approach was adopted for training branch employees. After several rounds of user acceptance testing, roll out simulations, and training, Finacle was rolled out to each of the Bank’s 105 branches at one go on 16th January 2017.
Over the next couple of months, the Bank’s focus was on stabilizing the new system, and this objective has been met. The Bank deployed several solutions in conjunction with Finacle core banking, Finacle eBanking, Finacle Treasury, Finacle Alert Server, ATM switch, integration with Automated Clearing House (NACH/ECS) and Real Time Gross Settlement (RTGS) system, National Electronic Fund Transfer (NEFT), Mobile Banking, among many others.
The Bank reports no significant delays or catastrophic problems during these 17 months. Also, the big bang roll out was accomplished without incident.
Read case study here : www.modussystems.com/case-studies/finacle-core-banking-implementation-nkgsb.html
Single unified centralised CBS
Processes hitherto outside the CBS are now executed within Finacle improving visibility
Reduced time to launch Branch
Enhanced customer visibility
Enhanced information capture
BCB is a leading multi state scheduled co-operative bank with 64 branches in Maharashtra & Karnataka.
They had been the earliest implementers of CBS in Aug 2003.In Nov’2013,the bank officially kick started modernisation of its CBS. The bank selected Finacle ,the flagship core CBS from Infosys as its target core banking engine. Both , the bank and Infosys trusted Modus to handle most important services
The solution consultants & the Technical team of Modus were part of the core banking implementation programme from day one of the requirements gathering milestone. Our engineers took care of the various Finacle installations, supported requirements mapping, business process design, data migration, customization, SIT, UAT and more.Our team gave complete support during GoLive and Stabilisation period
The bank went live in Aug 2014 in less than a year, which is quite rare in the industry