Other scanned items. The institution started scanning other documents such as signature cards, customer correspondences, and loan documents in an effort to eliminate many other paper based filing systems. He adds, that since the solution is ODBC compliant almost any querying tool can be used such as Access, SQL Talk, Monarch, Crystal, or Paradox. All of this information is the bank s data and the bank should determine what to keep, how long to keep it and what medium should be used to access it. This system is realtime and OFX compliant.
Transactions post to the database as they occur.
In addition to the standard Internet banking features, this solution also offers an online shopping mall. By implementing an in-house system, we are able to expand our customer base without having our costs grow at a proportionate rate. With a solution like OSI s, a financial institution does not maintain the source code and therefore does not bear the brunt of development costs and customer support, states Roderick. This is a hybrid solution between typical in-house and service bureau solutions a financial institution can enjoy the best of both worlds. From Microbanker Banking Technology Strategies , Volume 1, Number 10.