Next-Gen Core Banking Software
Scalable, Secure & Future-Ready.
Revolutionizing Banking with Innovation and Automation
We are excited to introduce BankMill Magic. A next-generation Core Banking Software designed to transform banking operations with unmatched efficiency, scalability, and security. Built by a team of industry veterans and technology experts, our solution empowers financial institutions to streamline their banking processes while ensuring seamless digital experiences for customers.
Designed for Banks of All Sizes
Whether you're a small cooperative bank or a large commercial institution, BankMill Magic adapts effortlessly to your needs. With a user-friendly interface, advanced automation, and extensive customization options, our Core Banking System ensures smooth transactions, regulatory compliance, and real-time insights. All within a single, integrated platform.
Seamless Integration & Future-Ready Technology
Our Core Banking Software is engineered to integrate effortlessly with your existing banking ecosystem. Utilizing the latest in cloud computing, AI-driven analytics, and API-based connectivity, BankMill Magic enhances operational agility, optimizes risk management, and improves decision-making with real-time data analytics.
Experience the Future of Banking Today
By choosing BankMill Magic, you gain access to a fully responsive, scalable, and compliance-ready banking solution that future-proofs your financial institution. Join the digital banking revolution today. Contact us to explore how BankMill Magic can elevate your banking operations!
- Seamless Automation:
Automate workflows across core banking, accounting, CRM, and compliance for enhanced efficiency. - Real-Time Insights & Analytics:
Gain data-driven insights with business intelligence tools for smarter decision-making. - Enhanced Customer Experience:
Provide a unified and secure banking experience across digital and physical touchpoints. - Scalable & Secure:
Designed for banks of all sizes, ensuring compliance, security, and future-ready banking operations.
Enhanced Administration Features
Our BankMill Magic Core Banking System is designed with robust administrative capabilities, ensuring seamless operations, high security, and maximum efficiency for financial institutions.
- Seamless Multi-Channel Integration – Fully integrated with diverse banking channels, including Internet Banking, Mobile Banking, Email Alerts, Touch Screen Kiosks, and IVR systems, providing a truly connected banking experience.
- Flexible Product & Interest Definition – Highly customizable parameters for product and interest rate configurations, allowing banks to tailor offerings with ease.
- Advanced Parameter Management – Comprehensive control over masters, control values, and banking parameters, enabling a high degree of customization and adaptability to changing policies.
- Service Outlet Tracking – Each branch, ATM, or digital banking interface is designated as a service outlet, ensuring detailed tracking of transactions at every touchpoint.
- Enhanced Security with Maker-Checker Workflow – Strengthen operational security by enforcing a multi-layer approval system, where transactions require verification from multiple personnel before execution.
- MindConnect™ Integration – Enable seamless third-party financial transactions with networks like ATMs, MasterCard, Visa, and Credit Card Institutes, ensuring frictionless interoperability.
- Multilingual Support – Cater to a diverse customer base with built-in multilingual capabilities, enhancing accessibility for different user groups.
Comprehensive Roles & Rights Management – Define custom user roles and permissions based on the bank’s organizational hierarchy, controlling view, create, modify, and delete rights across various banking functions.
Advanced Accounting Features
- Advanced Accounting Features
BankMill Magic’s Accounting Module is built for precision, automation, and compliance, ensuring real-time financial management across all banking operations.
- Real-Time Transaction Processing – Instant recording and updating of financial transactions, ensuring up-to-the-minute accuracy across all accounts.
- Straight-Through Processing (STP) – Automates transaction workflows end-to-end, minimizing manual intervention and reducing processing time.
- Multi-Level General Ledger (GL) Structure – Tree-based, hierarchical GL framework for organized financial tracking and streamlined reporting.
- Unified Financial Statements – Maintain a single bank-wide General Ledger, Profit & Loss Statement, and Balance Sheet for all banking modules, eliminating redundancy.
- Comprehensive MIS & Asset-Liability Reports – Generate detailed Management Information System (MIS) reports, ensuring data-driven financial decision-making.
- Flexible Reporting Formats – Supports both text-based and WYSIWYG (What You See Is What You Get) reports for an intuitive and customizable reporting experience.
- Automated Inter-Branch Reconciliation – Ensures seamless financial reconciliation between branches, eliminating errors and discrepancies.
True Multi-Currency Support – Fully integrated foreign exchange capabilities, allowing banks to handle multiple currencies effortlessly with real-time conversion and compliance tracking.
Cost Optimization & Efficiency Features
BankMill Magic™ is designed to significantly reduce operational costs while maximizing efficiency, offering the lowest Total Cost of Ownership (TCO) in the industry. This is achieved through the following key features:
- 100% Integrated System – All banking modules are seamlessly interconnected, eliminating the need for file transfers or manual intervention in inter-module transactions.
- True Real-Time Transactions – Both inter-module and inter-branch transactions are processed instantly, ensuring smooth operations without delays or reconciliation issues.
- Elimination of Third-Party Reporting Tools – Built-in Java-based reporting eliminates the need for costly third-party tools like Crystal Reports, reducing software licensing expenses.
- Automated Compliance & Regulatory Reporting – Built-in compliance features ensure seamless adherence to regulatory requirements, reducing audit-related expenses and penalties.
- Optimized Infrastructure Utilization – The system is designed to run efficiently on minimal hardware resources, lowering IT infrastructure costs while ensuring high performance.
With BankMill Magic™, banks can achieve seamless automation, reduced overhead, and enhanced efficiency—delivering powerful banking solutions at the lowest operational cost.
Customer-Centric Features
BankMill Magic™ enhances the customer experience with a unified, intelligent, and highly flexible banking ecosystem, ensuring seamless interactions across all touchpoints.
- Unified Relationship Management – Provides a 360-degree view of customer relationships, linking multiple accounts under a single profile for seamless banking.
- Single Account Book Architecture – All transactions across mobile, online, branch, and ATM banking are processed in a centralized ledger, allowing customers real-time access to their financial data.
- Flexible Account Opening – Accounts can be opened at any level, including tellers, ensuring fast and convenient onboarding.
- Comprehensive Customer Services – Offers all essential banking services, including cash deposits, withdrawals, clearing, and transfers, through an intuitive and accessible system.
- Smart Standing Instructions – Fully parameterized standing instructions allow prioritized debits from multiple accounts and rule-based credits, giving customers maximum financial flexibility.
- Automated Cash Pooling & Interest Optimization – Cash from multiple accounts can be pooled automatically, with rule-based outflows to designated accounts, ensuring customers maximize interest benefits across branches.
- Instant Statement Generation – Customers can print account statements anytime through branches, ATMs, internet banking, and mobile banking, enhancing self-service capabilities.
BankMill Magic™ empowers banks with intelligent customer relationship management, ensuring a seamless, efficient, and personalized banking experience.
AI Integration
Security Features
Ensure top-tier security and compliance with BankMill Magic™, designed to protect customer data, transactions, and system integrity with cutting-edge encryption, access control, and audit mechanisms.
- Comprehensive Audit Trails – Every transaction is recorded with a timestamp, user ID, and detailed log history, ensuring full traceability for compliance and security audits.
- End-to-End AES Encryption – All data exchanged between user devices and the backend is encrypted using AES-256, preventing interception and unauthorized access.
- BLAKE2 Password Hashing – Passwords are hashed using BLAKE2 to prevent even administrators from accessing user credentials.
- Role-Based Access Control (RBAC) – Strict permission-based access ensures that only authorized users can view or modify specific data, preventing unauthorized transactions.
- Multi-Factor Authentication (MFA) – Adds an extra layer of security with OTP-based or biometric verification for user logins and critical transactions.
- Database & Access Security – Secured database login, encrypted storage, and controlled access rights prevent unauthorized database access and data breaches.
Why Choose BankMill Magic ERP?
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End-to-End Digital Banking:
Enable fully digital onboarding, transactions, and loan approvals with AI-driven automation. -
Seamless Integration:
Connect effortlessly with third-party fintech services, regulatory bodies, and digital payment systems. -
Advanced Security & Compliance:
Leverage blockchain, AI, and AML features to ensure fraud prevention and regulatory adherence. -
Scalable, Secure & Responsive :
Designed to seamlessly handle a bank's growth, even if it expands 100 times. Future-proof and adaptable, our solution allows you to work on the go with a responsive ERP system. -
Multi-Channel Banking :
Engage customers through mobile apps, USSD, WhatsApp, chatbot banking, and more. -
Automated Operations :
Reduce manual workload with AI-powered automation for reporting, reconciliation, and customer categorization. -
Real-Time Analytics & Reporting :
Gain actionable insights with business intelligence tools, performance tracking, and regulatory reports. -
Unified Customer Experience :
Provide a seamless banking journey with an intuitive interface and omnichannel accessibility. -
Enterprise-Grade Stability & Security:
Built on a resilient infrastructure with 24/7 availability and military-grade encryption. -
Cost-Effective & Future-Ready :
Eliminate third-party dependencies with a comprehensive all-in-one banking platform.
