Core-Banking software developed for small banks

Perfect Software Solutions Pvt. Ltd., a venture by a group of IT technicians based in Kozhikode, has developed a core-banking software that can be used even by small banking institutions such as cooperative banks at a minimal cost. The software, styled"Score" can be operated on windows and linux platforms, according to Mr. K.C.Biju,Managing Director of Perfect Software Solutions. He said that small co-operative banks could not adopt core-banking software solutions developed by companies outside the state and avilable in the market because of the exorbitant expenses involved. The software developed by the company will make avilable all the details of the customers of every branch of the bank on a single platform. This will enable customers carry out transactions from any of the branches and the details of the transactions would reach their mobile phones through SMS.(BL 20092010)