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CKYC

AML

GST Module

CERSAI

Customer Grievances

Risk-Based Internal Audit

CMS

CKYC

Central KYC Registry is a centralized repository of KYC records of customers in the financial sector with uniform KYC norms and inter-usability of the KYC records across the sector with an objective to reduce the burden of producing KYC documents and getting those verified whenever the customer opens New Account with New Bank. The integrated CKYC Module designed to upload Single record or Bulk upload recommended data & data format by the institute.

AML

Anti-Money Laundering refers to a set of Rules, Regulations, and Procedures intended to prevent financial crime – specifically, to detect, identify, and report money laundering activities. Though anti-money-laundering (AML) laws cover a relatively limited range of transactions and criminal behaviors, their implications are far-reaching. Designed to detect the suspicious transaction(s) based on rules defined by IBA and FIU-IND. Multiple-user roles and Two-way monitoring with such and many more facilities to get the bank into stronger position.

GST Module

GST is an integrated Module in CBS, making it easy for Banks to record and manage GST filing & Reconciliation. Emailing the system generated GST Invoice to the customer is an integrated feature of this module. The features will allow user to accept all kinds of vendors and maintain related purchase-register.

CERSAI

CERSAI is providing the platform for filing registrations of transactions of securitisation, asset reconstruction and security interest by the banks and financial institutions. JJIT has extended the CERSAI automation by providing facility to accept the details in CBS. Later the data is transformed into information and made available to upload. Each record is identified by Security ID connected to account(s).

Customer Grievances

The banks have been recording customers’ feedback, reviewing it and analysing the reason behind the feedback / complaint registered. Now it is much easy to maintain the same in digital format, as the data consolidation can be done by the application and provide analysis on the records registered. The templated-based screen, will help the customer to quickly record the complaint and that can be easily analysed to propose solution to the registered complaint.

Risk-Based Internal Audit

Risk-Based Internal Audit (RBIA). Is an audit methodology that links an organization’s overall risk management framework. And provides an assurance to the Board of Directors and Senior Management on the quality and effectiveness of the organization’s internal controls, risk management, and governance-related systems and processes.

Why RBIA And Its Relevance

  • Automated Assessment of Risk.
  • Capture Risk with Audit Evidence & Test Procedures
  • Enable Focus on High-Risk and High-Priority Areas.
  • Address Business Process Lacunae & Non-Existence of Controls.
  • On-Going, Real-Time & Perpetual Audit Records.
  • Adherence to RBI Guidelines on RBIA.
  • Highlight Significant Observations for Immediate Attention by the EC and the Board.

Compliance Monitoring Solution

Compliance Monitoring Solution (CMS) is designed to streamline and enhance compliance management, ensuring organization stays updated with evolving regulatory requirements. Featuring automated processes and real-time updates, CMS simplifies compliance, making it both efficient and reliable for the stakeholders.

Why CMS & its Relevance

  • Ensures adherence to RBI guidelines on CMS and applicable laws and regulations.
  • Helps organizations to stay updated with evolving regulations and industry standards, ensuring they remain compliant.
  • Focus on compliance priority, enabling proactive measures to mitigate potential issues before they escalate.
  • Promotes a culture of compliance within the organization.
  • Provides transparency to stakeholders regarding compliance efforts, fostering stronger relationships and trust.
  • Allows organizations to compare compliance performance against industry standards and best practices.
  • Ensures compliance is aligned with overall business goals, supporting strategic initiatives and growth.
  • Leverages technology for automated compliance monitoring, increasing accuracy and reducing human error.