With the need to expand services to meet customers at any time and in any place, financial institutions have embarked on setting up channels that can provide their customers with over-the-counter services. These channels are on a 24 x 7 x 365 basis and can be used anywhere Internet connectivity is available, with no cashier or operator but just an automated system. Craft Silicon has developed a switch that can communicate between the core banking system and alternative business channels. The switch is known as Banker Realm Electronic Fund Transfer (BREFT).
Bankers Realm EFT SWITCH is a high-end transaction routing engine that allows a bank or micro finance institution to drive their ATM, POS or any other electronic delivery channels. The BREFT Channel Manager securely and transparently manages and integrates the channels through which banking services are delivered through ATM / POS. BREFT is fully customizable to operate with various ISO 8583/87, ISO 8583/93, CR2 Formats and XML Formats.
Making the life of a portfolio administrator simpler and more effective, Craft Silicon’s BRIMS system offers real-time checks and automated trading and settlement instructions coupled with an easy to use reconciliation engine. It comes with an integrated general ledger functionality supported by a wealth of rich, analytical and informative reports which are fully customisable.