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CIO Review >> Magazine >> August - 2013 issue

Sesame Software Solutions: Steering Enterprises towards Innovative Banking Applications


Company:Sesame Software Solutions Pvt. Ltd
Founder:Vinod VC , MD; Vinod P & Sheje I.C , Directors
Description:Provider of Business Intelligence enabled Core Banking ; Mobile App based core banking product. Thecompany is ISO 9001: 2000 compliant qualities Management System certified and NASSCOM member

Technology in banking has created new dimensions for the individual and corporate financial needs. Banking technology is highly dynamic. The service concepts around the same are at a constant rate of change owing to stiff competition for customer appreciation. Understanding banking from a product-centric approach to a client-centric approach and answering client’s requirements by re-designing products and relationships is Calicut headquartered Sesame Software Solutions. Founded in 1993 by three friends and led by Vinod VC, MD, the web based core banking, multimedia and mobile development provider has a 600 plus customer base spread across India US and looking ahead to have footprints in APAC & Middle East African regions by this fiscal year.

Usually few applications are not included in the core banking applications and are separately procured by the banks from third party vendors or from existing CBS vendors. These solutions like Loan Origination, Pay Roll, Fixed Asset management, loan recovery and CRM tools etc. increase the financial burden on the budget for the upkeep of the bank. Answering the needs of such clients, Sesame’s Beacon PRO core banking application suite has been integrated with these requirements to enable customers to save money by not needing to buy applications separately and process the customer's requirement fast.

Integrating Mobile Apps into Core Banking Solutions
"Perhaps for the first time India, a mobile application is provided along with a core banking solution, through which the Manager can authorize important transaction – which is entered by any branch user through our Beacon PRO mobile app," points out Vinod. Realizing this we formed a team that functions as the centre of excellence (CoE) . The team actively participates in banking conferences and tech works shops in the country to keep abreast of the latest industrial trends and ensuring that the company is ahead of the competition in the sphere.

Moving forward the company aims to add more resources to the team and make a bigger impact around new verticals such as Big Data and Mobility and explore the banking frontiers with Business Intelligence based (BI) Solutions which are already showcased for sale. The company has constantly been engaging with domain and technology experts to give more emphasis for R&D and produce cutting edge products for its clients. With all of the extensive focus on innovation and a customer centric approach, Sesame Software looks forward to be one of the top 5 banking software provider for mid size banks in the country and APAC by 2015.