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The financial sector is transforming rapidly, and small banks, NBFCs, Nidhi companies, micro banks, cooperative banks, and loan societies are increasingly seeking advanced solutions to stay competitive. Yet, the high costs, extended implementation timelines, and vendor dependencies of traditional core banking systems have left many of these institutions at a disadvantage. Recognizing this challenge, Levarus has developed Lite Core Banking Suite – a cutting-edge, affordable core banking system built on Salesforce, tailored specifically for smaller financial entities. It is the cheapest core banking solution.
What is Salesforce Lite Core Banking Suite?
Salesfoce Lite Core Banking Suite (Finance Cloud) is a next-generation core banking system designed for small and medium-sized financial institutions. It combines advanced features, affordability, and quick implementation to empower banks and financial entities to deliver top-notch services to their customers. Unlike traditional solutions, Lite Core Banking Suite doesn’t just provide the basics; it includes state-of-the-art tools for banking, compliance, and customer experience. It is salesforce core banking solution formerly salesforce finance cloud for banks.
This is also called mini core banking solution.
Features That Set Lite Core Banking Suite Apart
1. Retail and Corporate Banking
Manage retail and corporate accounts with ease. Lite Core Banking Suite ensures seamless management of savings accounts, current accounts, and other financial products, catering to individual and corporate customers alike.
2. Customer 360° View
Lite Core Banking Suite’s integrated Customer 360 feature provides a holistic view of customer data, interactions, and behaviors. This ensures personalized service and a deeper understanding of customer needs.
3. Loan Origination System (LOS) and Loan Management System (LMS)
From application to disbursal and repayment tracking, Lite Core Banking Suite simplifies loan processes with its integrated LOS and LMS. These modules are designed to handle complex workflows while maintaining compliance.
4. Deposits and Digital Onboarding
Enable customers to open accounts digitally with a hassle-free onboarding process. Lite Core Banking Suite’s deposit management feature ensures seamless tracking of fixed, recurring, and other deposit schemes.
5. Mobile Banking
In today’s mobile-first world, Lite Core Banking Suite offers a mobile banking platform that allows customers to perform transactions, check balances, and manage accounts on the go.
6. Compliance and Regulatory Reporting
Lite Core Banking Suite is equipped to handle complex AML (Anti-Money Laundering)Â and KYC (Know Your Customer)Â processes, ensuring regulatory compliance. It also supports IFRS reporting, making it a perfect fit for global financial standards.
7. AI-Powered Insights
Leverage artificial intelligence for predictive analytics, fraud detection, and customer behavior analysis. Lite Core Banking Suite’s AI-driven tools enhance decision-making and operational efficiency.
8. Low Code/No Code Platform
One of Lite Core Banking Suite’s standout features is its low code/no code platform, which allows banks to:
Build custom applications without technical expertise.
Modify workflows and processes quickly.
Stay agile and adapt to changing business needs without vendor dependency.
9. Fast and Affordable Implementation
Unlike traditional systems that can take years to deploy, Lite Core Banking Suite can be implemented in just three months. Moreover, it is the most affordable core banking system available, designed to fit the budgets of even the smallest financial entities.
Why Lite Core Banking Suite is a Game-Changer for Small Banks and NBFCs
1. Tailored for Small Entities
Lite Core Banking Suite is designed specifically for smaller financial institutions, addressing their unique challenges such as limited budgets, regulatory requirements, and scalability needs.
2. Vendor Independence
With its low code/no code capabilities, Lite Core Banking Suite ensures that institutions can develop and customize their own applications without being tied to expensive vendors.
3. Advanced Technology Made Accessible
From mobile banking to AI-driven analytics, Lite Core Banking Suite brings cutting-edge technology to smaller banks, enabling them to compete with larger financial institutions.
4. Unmatched Speed and Efficiency
A three-month implementation timeline ensures that financial entities can quickly modernize their operations and start delivering enhanced services.
Use Cases: How Mini Core Banking Suite Transforms Financial Operations
For Small Banks
Small banks can leverage Lite Core Banking Suite’s customer-centric features, such as Customer 360 and mobile banking, to enhance customer satisfaction and grow their market share.
For NBFCs and Nidhi Companies
The robust LOS and LMS modules ensure smooth loan management, making Lite Core Banking Suite an ideal choice for NBFCs and Nidhi companies.
For Cooperative Banks
With regulatory compliance features like AML, KYC, and IFRS reporting, Lite Core Banking Suite simplifies the complexities of operating in a highly regulated environment.
For Micro Banks and Loan Societies
Lite Core Banking Suite’s affordability and rapid implementation make it a perfect solution for micro banks and loan societies looking to modernize their operations without significant capital investment.
Key Benefits of Lite Core Banking Suite
1. Enhanced Customer Experience
With features like digital onboarding, mobile banking, and personalized insights, Lite Core Banking Suite helps financial institutions deliver exceptional customer experiences.
2. Cost-Effective Modernization
Lite Core Banking Suite’s affordability ensures that even the smallest financial institutions can access world-class banking technology.
3. Future-Ready Platform
Built on Salesforce, Lite Core Banking Suite offers scalability and flexibility, ensuring that banks are prepared for future growth and technological advancements.
4. Simplified Compliance
With built-in AML, KYC, and regulatory reporting features, Lite Core Banking Suite takes the stress out of compliance management.
Why Levarus is the Right Partner
Levarus is known for its deep expertise in the banking domain and its commitment to innovation. With Lite Core Banking Suite, Levarus continues to demonstrate its ability to deliver transformative digital solutions that are both practical and forward-thinking.
Get Started with Lite Core Banking Suite Today
If you’re ready to revolutionize your banking operations with an affordable, advanced,
and agile core banking system, Levarus Lite Core Banking Suite is the solution you’ve been waiting for. Contact www.levarus.com today to learn how we can help your institution thrive in a competitive financial landscape.
Summary
Affordable core banking system for small banks
Core banking solution for NBFCs and Nidhi companies
Best core banking system for cooperative banks
Fast core banking implementation in three months
Low code no code banking software
Mobile banking and AI-powered core system
AML and KYC compliance software for banks
Cheapest core banking solution
IFRS reporting for banks
Digital onboarding core banking system
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