Silvaasa event

Recently Kimaya Infotech had an opportunity to participate in residential training program organized by Nasik District Urban Credit Society's Federation.

The training program was third in series. Almost 250 representatives attended this training program from Nasik District. The Program was for three days 23rd to 25th February organized at Perlz Resort at Silvaasa.

On 23rd after inauguration ceremony Honorable Chairman of Sahakar Bharati Parishad, Maharashtra State, addressed the audience. He expressed his concern about profitability, and productivity of the Credit societies in Maharashtra. Having positive mindset and looking at challenge as an opportunity will help credit societies moving ahead he advised.

On very next day on 24th he again had interactive session with all participants at 9.30 am. He threw light on some important aspects of using technology in banking sector. Though most of the societies use core banking solution, how many of the chairmen use it for growth of the society he asked. Further he advised on some crucial points of calculations of interest rates to be paid and recovered and asked societies to incorporate such methods in core banking solution they use

Later Kimaya Infotech had a session with audience. Mr. Dhananjay Ghadge, Project In charge for Banking Technology addressed participants. The subject given by Federation was Use of core banking Software a need of time. He added to the subject that Use of right core banking software is a real need of time. In his delivery he described main elements of right core banking solution and explained how to select right CBS using specific parameters. First parameter he mentioned is the core technology used for the CBS. Whether particular Core Banking Solution is depending on third party software like proprietary operating system, Database, antivirus and firewall or have all-in-one integrated core banking solution like Kimaya Infotech has developed makes the difference. Unmatched compatibility, affordable for implementation and maintenance, highly secured and user friendly are some of the benefits he told about Kimaya's core Banking Solution Bank Expert. Linux operating system customized for CBS and database particularly developed for high performance gives an edge to Bank Expert over other core banking solutions available in the market.

He also added that even IDRBT too appreciated the development of Bank Expert as a core banking solution developed using 100% open source technologies.

At the end Director of Kimaya InfoTech Mr. Rajesh Ekbote informed participants about Kimaya Infotech as a software company and requested all to extend an opportunity to personally showcase the actual demonstration of Bank Expert- a one of its kind core banking solution.

Later organizers of the training program thanked all participants and appreciated the delivery of informative talk by Kimaya Infotech on Core Banking Solution and parameters given for selecting right one.