eBanqr is a full-featured, API-driven, cloud-based core banking applicaiton for managing financial instutions: Micro-finance, Micro-credit, Credit unions, Savings & Loans, and more...
eBanqr is a core banking platform targeted at microfinance institutions, to facilitate centralized and efficient delivery of services. It is an easy-to-use web-based application, delivered as a service and requires subscription to use. It can be accessed from personal computers (PCs), laptops, tablets and smartphones with Internet access. The platform is very secure and optimized to deliver rich user experience even with poor Internet connectivity. By centralizing the platform, organizations have real-time insight into their operations, and can monitor multiple branches and agents regardless of geographical location.
eBanqr empowers financial institutions to deliver quality service, minimize financial leakages, and have intelligent reports for strategic decisions. Traditional applications with such features will require significant investment both to deploy and maintain. By providing the platform as a service, financial institutions are freed to focus on their core business without worrying about the challenges of maintaining in-house IT infrastructure. All what is needed to use eBanqr is a smartphone/tab/PC, and Internet access.
eBanqr is driven by a well-documented application programing interface (API). Through the API, various third-party integrations can be done to link to the core-banking system. With the necessary subscription package, secure access will be granted to the API together with documentation.
eBanqr is 100% responsive, meaning the same application looks good on all devices - smartphones, tablets and computers.
Subscribe and pay as you go. No huge upfront investment or long-term contracts needed. No hidden costs either.
Secure platform with isolation of institutions' data. Frequent vulnerability and risk assessment to ensure platform security.
Daily backups, retained for one week and more based on need. Financial institutions can also take control of backups through the platform.
Highly configurable to suit the preferences of individual financial institutions.
Great and easy-to-use features available out of the box.
Mature modules covering core services of financial institutions.
Fully compliant with know your customer rules and regulations. Also supports photographs, signatures, and address verification.
The client account is the focal point of all other services. Thus, savings and loan accounts are tied to client accounts for better management.
Client accounts go through a review and approval process before accounts are opened.
Documents relating to applications, decision documents, account agreements, etc., can be uploaded and tied to the client.
Various types of loans such as individual, group or business entity lending are supported.
Provides collection sheets for easier collection and tracking.
Account aging, account notes and calendaring to collect bad debt.
Payment dates and frequency can be rescheduled if allowed.
Fixed payment, declining interest and early repayment supported.
Loans can be repaid from standing instructions.
Other account holders can use funds to guarantee loans. The percentages and amounts are dependent upon the policies of individual financial institutions.
Loan top-up is also supported.
Basic savings, passbook savings, mandatory savings accounts supported.
Supports interest on daily balance or average daily balance, compounded daily, monthly, quarterly, semi-annually or annually.
Minimum balance, various interest posting options, various interest calculation options, lock-in periods, pre-mature closure.
Use standing instructions to automatically make payments or account transactions.
Transfer money to either another savings or loan account.
Supports both accrual and cash accounting, according to best business practice.
Full integration with product portfolio for automated and rule-based postings.
Full GL and journal voucher entries supported
Customizable chart of accounts for any organization.
Provides extensive reports on various areas such as clients, loans, savings and more.
Provides analytics for intelligent and easier interpretation and presentation of data.
eBanqr is 100% responsive, meaning the same application looks good on all devices – smartphones, tablets and computers. Thus, field agents can enter collections securely from their smartphones in real-time, while out of the office. Financial institutions can comfortably work on the platform from low cost tablets, without necessarily investing in computers.
The platform supports SMS notifications. Finanacial institutions control which of their clients get notifications, and for what. They also control their SMS credits.
In countries where addressing systems are not good, eBanqr provides a means of storing the GPS address of customers. Field agents can get directions to exact locations of customers from branch offices.
eBanqr supports customer self-service, where customers can see the status of their acoounts and transactions. Thus, subscribers to the platform can offer online banking to their customers.
Security is a paramount requirement in the design and delivery of the eBanqr platform. Various vulnerability and risk assessments are regularly carried out, to ensure that the platform is secure, and the confidentiality, integrity and availability of customer data are guaranteed. All communication on the platform is also encrypted. In addition, the eBanqr platform has fine-grained access control to ensure that users have access only to data they are authorized to see. The platform also supports two-factor authentication for secure access.
Yes. eBanqr provides a feature which enables financial institutions to export their data from the platform into formats like excel. This data can then be reformatted and imported into other systems if the institution so wishes.
Yes, it is comparable. eBanqr is a very light application. It has also been optimized to provide very good user experience even with relatively slow Internet connections.
Yes. eBanqr is higly scalable. It can support financial institutions with millions of customers. Our services are also flexible and can be tailored to specific needs of financial institutions.
There are also options to provide dedicated platforms for individual institution, based on sizing requirements.
Complete the demo request form, and we shall contact you shortly. We like to understand the needs of financial institutions in order to give them the best advice on how to use the platform, and how it can boost their business.
" My favourite features of eBanqr are the automated accounting entries. Users do not need an accounting background to use the software. Personally, trying to figure out what to debit or credit for the simplest of transactions on other systems were tiresome. I love this product and highly recommend it. "
- eBanqr User
" As a micro-credit company, our biggest problem was maintaining up-to-date records. eBanqr's user-friendly platform provided an excellent solution. With minimal support, we were able to migrate thousands of records in a very short time. The reports generated by the software are also very useful. We now keep our records up to date and this is turning our business arround positively. "
- eBanqr User
" eBanqr is affordable for our operations. I think offering it as a cloud solution caters for the needs of businesses like ours. We do not have to worry about power outages or hiring IT personnel. I also love the prompt support being given by the eBanqr team. I hope you keep up the good work. "
- eBanqr User
