Deposits - Cobiscorp

Financial institutions are under pressure to improve their core deposit systems, process in real-time, eliminate errors, and be compliant with complex deposit account regulations.

COBIS Deposits resolves all these challenges, making it simple to be in compliance, create products customized to each segment, provide the expected real-time processing with automatic accounting, and flawlessly manage account information.

Key benefits of our solution include:

  • Multicurrency and multilingual
  • Automatic accounting
  • Online reporting
  • Comprehensive reporting capabilities for regulators
  • Straightforward maintenance of parameters such as statement cuts, fees, and interest functions, allowing for quick adaptation to client preferences, as well as market and regulatory changes

COBIS Savings Accounts

COBIS Savings Accounts automates the process of product creation and management of a wide variety of savings products, permitting parameterization of items such as interest rates, fees, and minimum balances. Some features are:

  • Highly configurable to meet needs of each market
  • Real-time processing
  • Programmed savings
  • Overnight and master accounts
  • Automatic accounting
  • Easy operability
  • Automatic withholdings and taxes
  • Savings booklet management
  • Automatic account statements

COBIS Checking Accounts

COBIS Checking Accounts allows the flexibility to easily create and manage checking account products with characteristics that meet the needs of your customers. Key features are:

  • Easy set up of parameters such as:
    • Minimum transaction requirements
    • Sweeps
    • Overdraft limits and fees
  • Real-time processing
  • Automatic accounting
  • Easy reporting for regulatory agencies
  • Check order management
  • Variety of transaction options
  • Simple to set up automatic payments and recurring transfers
  • Management of fees by product
  • Automatic account statements

COBIS Time Deposits

COBIS Time Deposits gives you the power to easily create and manage standard or customized time deposit products. Our solution makes it simple to modify characteristics such as renewal methods, early closures, and pledges. Some features include:

  • Easy configuration of all parameters such as term types and interest payment methods
  • Multicurrency
  • Report generation
  • Automatic accounting
  • Automates processes such as renewals and interest compounding
  • Easy to use