CORE BANKING SYSTEM

Mind-XQ core banking system is built for startup and mid-size banks, credit unions, microfinancing companies, and other similar financial institutions, particularly those with a strong online presence. The system runs on a modular basis to support individual lines of business, e.g. payments, deposits, microfinancing, etc.

Key features of the product are:

• Customer management
• Account management
• Payments
  • Internal, domestic and cross-border payments
  • SWIFT and SEPA
  • Card payments
• Loans
  • Interest calculation, installment plans
  • Collaterals
• Deposits
• Accounting and reporting
  • Balance sheet, profit, and loss statement
  • Payments, deposits, loans
  • Ledger entries export
  • Regulatory reporting
• Web-based and mobile user interfaces
• Multi-currency, multi-language, multi-branch