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Millennium BankWare is fully geared to meet the banking requirement of 21st Century.
BankWare is a strategic software to meet the modern consumer banking requirements,
confirming to the international finance and banking industry standards.It offers total
customer based branch delivery system and empowers customer interface personnel to
take maximum benefits of automation as regards to customer service.It is an integrated
modular system utilizing relational database architecture.Being highly paramete driven
gives it great flexibility to meet the varied requirements of the bank. 

BankWare is designed to achieve the following key objectives of the bank:

  • Effective Business control
  • Enhanced Customer Relationship Management
  • Customer Service Delivery
  • Faster New Product Introduction
  • Faster Access to Management Decision Making Information
  • Reduced Operating Cost
  • Greater Profit Opportunity from Fee Based Services
      

Business Event Driven Application
enable fast customer disposal

BankWare provides a single tier, true business event driven operation. A business event triggers the relevant BankWare application and it is carried out real-time on the system from start to finish. This eliminates the two-tier process in a traditional banking environment.  BankWare provides a single tier process where a banker can execute a business process on the system in a much faster, secured and efficient manner  resulting in fast customer services.  It also provides traditional data entry facility with full validation.

Bank Ware Customer Concept 
ensure effective Customer Relationship Management

BankWare  is by design a customer based package. All the events in BankWare revolve around the customers. In this concept a customer belongs to the bank and not to a branch or a product thereby accessing banking services from any outlet of the bank.  Conversely, BankWare provides a complete profile of a customer on his asset/liability portfolio, financing facilities provided with business generated and profit earned through him/her.  

Full Function GUI
provides tremendous end user productivity

The most attractive and important feature of BankWare is its graphical user interface (GUI). The users can easily sail through the screen by using mouse or keyboard selecting relevant information on the screen, thus minimizing the data entry and reducing the chances of error.  The user has various trigger buttons available on the screen to navigate the business process in any relevant direction. The GUI results in faster completion of a business activity, very low learning curve and ease of operation.  

Client/Server Design 
Seamless connection to state-of the-art technology now and in future

BankWare has a true client/server design architecture. Therefore, it can be implemented in two or three tier client/server models meeting single or multi-branch requirements of a bank respectively. Client/Server design provides seamless connection to various choices of servers and host platforms. This also enables horizontal and vertical growth of the branch platform and usage of various technologies available now and in the future.

Multiple Layers of Security
ensure safe and secured business operations

BankWare offers complete information asset security with total ease of operation. It allows access to the banking application by means of pop-up menus and icons with a high level of password protection as well as many other sophisticated security features. The security module includes the following key features:

  • User profile definition
  • User Class
    --        Posting Limit
    --   Supervision limit
    --    TOD Authority Limit
    --       Authorization
  • Encrypted Password
  • Dual Authorization
  • Forced Password Changes
  • Logging of Security Activities.
  • Constant messaging between customer and Bank is available. Each transaction is reported to the customer, whether the transaction is accepted or rejected.
  • Database security is available such as Oracle Server or MS SQL Server.
  • Pages are not stored in temporary area for access later to prevent miss use
  • Timeout for login process
  • Multi-level User login facility.

Highly Parameterized System
provides an easy migration

BankWare provides tailoring ability to suit the branch needs without program modification. This is achieved through the use of parameters. Many of the operations of the system are governed by the parameter (control) tables. These tables contain sets if parameters used by the system for day to day operations. These parameters are defined at various levels:

  • System Level
  • Module Level
  • Transaction Level.

Relational Database Management
provides powerful query on your  business data

The most valuable asset for the bank is its business information. Therefore, this information must be managed by an industry standard Relational Database Management System. Bank Ware uses IBM DB2 family of Industry standard relational database management systems offering open database connectivity with any other RDBMS like ORACLE, Informix, etc. It provides powerful query management to access and manipulate data with excellent data security and integrity.

Modular Design
ensure ease of implementation

The system consists of various modules covering the said banking functions and provides modular implementation approach so that a customer has the option of choosing one module for implementation and then the others based on its requirements and priority.All the modules are fully integrated and they have consistent user interface to improve efficiency and prevent duplication of effort. 

Real time Processing
gives most up to data information for management decision making

The system offers the capability to perform all the branch functions real-time, which means that the information will impact the system from the moment it is input. As a result, on-line inquiries and reports will reflect the latest position rather that the previous close of business. All the information will be held on-line giving users instant access to appropriate files and functions. This widely accepted approach will enable staff productivity and customer service to be maximized, while also ensuring that management decision-making is based on the most up-to-date information available.

Customer Relationship Management (CRM)

BankWare understands the challenges of adapting to the new consumer banking culture and it is ready to help them in perspective. It not only brings lasting customer relationships into focus, but also improves the quality and expediency of your customer service, and can make your entire staff more effective. CRM has the following key features:

  • Maintain Customer Accounts
    -- Fast opening of Accounts
    -- Detail Information Recording.
    -- Maintain special Interest Rates if any
    -- Maintain Account status
  • Maintain Group Liability
  • Provide Customer Statements
  • Provide Statistics on Generation of Business

  Teller Function

Within the menu based Teller framework, transactions, transfers and inquiries on all types of accounts can be performed easily. Alternatively, the business event driven interface provides faster completion of activities thereby enhancing staff productivity.
Key activities are:

  • Deposits/Withdrawals
  • Signature Verification
  • Real-time Validation
  • Self Balancing Batch Concept

  • Clearing Functions

  • Comprehensive Transaction Inquiries  

  Cheque Book Management

  • Issue Cheque Books (Unlimited)

  • Validate Cheques on Presentation

  • Manage Loose Cheque Books

  • Maintain Cheque Status

  • Provide Inquiries and Reports.

Transaction Security

  • Three Tiers of Transaction Security Available

  • Supervision on Transaction Amount

  • Authorization on TOD and exception condition

  • Overriding authority

  • Provide Inquiries and Reports.

Term Deposit

This front-end module with back-office processing functionality takes care of Term Deposits in quick, easy and efficient manner to make your deposit department more effective:

  • Maintain Term Deposit Account

  • Book Deals Thru Transfer Account

  • Mature Deals for Payment

  • Rollover Deals Automatically 

  • Manage Liens on Term Deposits

  • Cancel/Reverse Deals 

  • Print Renewal Advises

  • Maintain Due Date Diary

  • Print Receipt

  • Deduct Applicable Charges 

  • Print Charges Certificate on Demand

  • Accrue and apply Interests on Due Dates

  • Provide Inquiries and Reports

Term Loan

One stop credit organization gives you all the tools you need to  manage Term Loans protection. You can use this module to consolidate and expedite the entire credit process - from application to approval - in one easy step.

  • Maintain Loan Ledger

  • Book/Disburse Loan

  • Prepare Customer proposal-Worksheet

  • Accrue and Apply Interest on Due Dates

  • Deduct Installments Automatically

  • Record Types of Securities with Values

  • Record documents obtained against Securities

  • Produce Defaulter’s List

  • Stop Interest Accrual on Classified Accounts

  • Transfer Interest to provision as and when needed

  • Provide Comprehensive inquiries and Reports  

Inland Remittance

Remittance module is an extremely flexible and efficient module, with in-built checks and controls for execution of remittance related activities. The features are:  

  • Issue DD, TT, MT and PO

  • Deduct Charge Automatically as Defined

  • Print Certificates on Demand

  • Generate Transactions Automatically

  • Print Instruments with System Generated Numbers

  • Automatic Advice Generated by System

  • Other Activities maintained by System
    --   Advice Register
    -- Stop/Release Payment
    -- Cancellation of Instruments     
    -- Duplicate Intruments
    -- Validation of Instruments on presentation
    -- Printing of Various Remittance Reports

Money Market

This module covers the entire money market as well as the securities investment activities.Given below are the features of this module:   

  • Investments 

  • Federal Investments Bonds,Treasury,Bills,Short Term Federal Bonds

  • Call Money

  • Placements/Borrowings

  • Repurchase Agreements

  • REPO,Reverse REPO

The following features are provided:

  • Maintenance of Security Details 

  • Dealer Management

  • Due Date Dairy

  • Automatic generation of vouchers

  • Settlements

  • Reports

  • Inquires                                

Trade Finance

A comprehensive module catering the entire need of Trade Finance activity.The following activities are provided in this module:

  • LC Application Processing 

  • Opening of LC with/without forward cover (full text/mail)

  • Sight/ Usance

  • Process LC documents 

  • PAD/ Acceptance 

  • Retiring of Documents

  • LIM/LTR/Guarantees

  • Export LC

  • All accounting entries generated automatically & charged computed as per parameter setting/ special

  • Reports
    -- LC text 
    -- PAD/acceptance register
    --     LC register
    -- Outstanding S/Guarantees,LIM,LTR,Bills Registers
    -- Contract,etc.

Delivering Tomorrow’s Solution Today

Implementation of a truly distributed delivery network solution can be a major undertaking. More than just the selection of a workstation vendor or an application package, it’s the choice of a partner who can address the complete solution.  With a senior management staff having a combined banking IT experience of more than 150 man years, Millennium has the experience to support from the earliest planning stages right through to final rollout, then continuing for the life of the system.

If you would like to find out more about BankWare, please call Millennium at the address below.

Pakistan:
86-C Khayaban-e-Ittehad, Phase II Ext, D.H.A., 
Karachi 75500, Pakistan 
Email: millsoft@cyber.net.pk
Tel:     (92-21) 5897621-5
Fax:    (92-21) 5887324  

Bangladesh: 
Power Plus Computer Ltd,
House no 40,Road No.4/A Dharrmondi R/A  
Dhaka 1209, Bangladesh
Email: pplus@bdcom.com
Tel:    (88-02) 9668199 
Fax     (88-02) 9662002