Component-Based Banking Applications



Beans Factory offers an innovative approach to solving banks' growing needs while making the most out of their existing investments. BeansBank is a solution that comes with a ready-made suite of banking components supporting cards, loans and debt management. The enterprise-ready solution is well backed by proven industrial processes, with a strong emphasis on customer intimacy (both institutional and individual). In addition, BeansBank embeds risk management and supports borderless banking.

As banks introduce new products or merge with other banks, there is a need to rationalize and streamline the services affected. However, the risks and costs of discarding legacy systems for an entirely new system are too high and the process too complex. BeansBank allows banks to leverage their existing legacy systems and data while incorporating other new business applications, such as customer relationship management (CRM), character recognition, multiple-channel and multi-lingual support.

BeansBank is based on the workflow concept, where each step in a process is mapped out in relation to the next, and uses a layered architecture. The core layers are as follows:

Component Infrastructure - common infrastructure layer that provides a service-oriented application framework;

Common Utilities and Common Services - functions required by all financial providers;

LOB Functions - specific components to perform each operation in the process;

Workflow Processes - process application data in workflow sequence pre-determined for each process;

Channels Integrator - transforms data from different inputs (e.g. scanners and fax machines) into a standard format; and

Enterprise Application Integrator - facilitates integration with existing legacy systems and incorporates CRM and application databases.


Key Features and Benefits

Workflow concept - out-of-the-box workflow processes based on proven industrial processes for cards, loans and debt management result in shorter solution development and deployment time

Ready-made components - provides support for both individual and corporate institutional customers

High re-use of pre-fabricated business components - allows both the entire solution or parts of the solution to be integrated into existing systems

In-built CRM component - allows customer-centricity

Multi-channels support - allows different data input methods (e.g. scanners, fax machines etc.), browsers and wireless devices

Borderless support - provides market opportunities and facilitates working across geographical regions and time zones

Open architecture - enables extensibility and interoperability; our platform has been tested to scale

Adaptable - runs on any J2EE-compliant application server

Simplified rapid development and deployment - allows "best-of-breed" solutions to be developed with a business focus, resulting in lower total cost of ownership