Banco (Comprehensive Central Banking System)

Product Introduction:

Benco is a comprehensive central banking system that caters to the needs of retail customers, private banks, and corporate banks. It supports all necessary banking processes, services, and products. Banks and financial institutions can utilize the Benko system to define and offer various services and products to different customer groups. It adheres to both the regulations and circulars of the Central Bank of Iran and international banking standards.

One of the key features of the Benko system is its full support for non-interest banking services and products in Iran. It also accommodates Islamic banking products and services prevalent in other Islamic countries. The system comprises subsystems such as banking accounting, checks, treasury, deposits, customers, facilities, interbank solutions, international banking, open banking infrastructure, and more, covering diverse needs within the banking industry.

Technical Specifications:

Centralized and online system

Service Oriented Architecture (SOA)

Three-layer design (user interface, business, data)

Ability to support more than 10 million documents per day

Scalability to support a minimum of 20 million financial transactions per month across various channels, including payments, bills, and installments

Ability to support more than 1500 branches

The ability to support at least 20 million financial transactions per month, including all types of bill payment transactions, installments, etc., and through various channels

The ability to handle more than 12,000 simultaneous users

Support for different levels of authentication for different types of users (bank employees, business partners, customers and system managers) according to different types of risks.

Capability to handle more than 12,000 concurrent users

Support for various authentication methods, including: authentication through digital signature or token – authentication through biometrics – one-time password (multi-factor)

Availability is around 99.95%.

Parameter changes and patch management can be done remotely.

Vertical scalability in this case causes hardware upgrades such as using faster processors or increasing the amount of memory and also increases the speed and efficiency of the system.

Horizontal scalability: The system mode of independence of location, in order to benefit from the increase

Supporting load distribution methods and fail-over techniques

Hardware and enabling cluster processing on multiple devices (instead of just one device).

Clustering support, independent and non-stop patch installation on clients is possible.

The existence of security layers to prevent any possible unauthorized access to the system

Offering all types of logs and monitoring

Web based

Modular

Ability to support Master Data