Banking and financial institutions do a lot of computing and in this 21st century, they depend a lot on software for computational purposes. We have a very robust and versatile team that can receive requirements list from financial professionals and turn it into a solution; either proprietary, open source or bespoke. The potential benefits from information technology are under-realized due to a lack of managerial understanding of what the technology can do, and unwillingness of managers to pursue the potential of the technology when they do understand it and we at GrandForce fill that gap in the society.
The advancement in technology, especially Internet and information technology has led to new ways of doing business in banking. These technologies have reduced manual work in banks and increasing efficiency. Our platforms are such that communication technology and information technology are merged to suit core needs of banking is known as core banking solutions.
GrandForce develops software to perform core operations of banking like recording of transactions, passbook maintenance, interest calculations on loans and deposits, customer records, balance of payments and withdrawal. This software is installed at different branches of bank and then interconnected by means of computer networks based on telephones, satellite and the internet. It allows the banks customers to operate accounts from any branch if it has installed core banking solutions.