Naive Plus Software Solutions: Transforming Co-Operative Banking With Leading-Edge Solutions

Prasad B. K.,  Managing Director & Chief Technology Officer

Prasad B. K.

Managing Director & Chief Technology Officer

In the fast-paced world of banking, efficient and streamlined operations are essential to stay competitive and meet customer expectations. Banking automation solutions have emerged as a game-changer for banks in India, revolutionizing their processes and enhancing overall productivity. These solutions encompass advanced technologies and software applications that automate manual tasks, streamline operations, and improve customer experiences.

In this dynamic industry, Naive Plus Software Solutions, formed by a team of Financial Technology veterans with decades of global expertise, emerges as a prominent player, offering comprehensive IT solutions tailored for the co-operative banking sector. The company specializes in offering the ‘Co-Bank+’ application, specifically designed to cater to the requirements of Co-operative Societies / Banks and Microfinance Institutions(MFIs). With over 4000+ successful installations across India in the past 28 years, Co-Bank+ has proven to be a reliable and effective core banking software for small and micro financial institutions.

Naive Plus Software Solutions stands out in the IT industry due to its extensive knowledge of best practices in the banking sector, particularly in the Co-operative sector. The company combines financial domain expertise with information technology to deliver exceptional solutions. Naive Plus offers cost-effective solutions with flexible team scaling and a customer centric engagement model. They ensure highquality service through their financial domain expertise and standardized quality processes. With a focus on value for money, Naive Plus provides training to empower banking staff, offers infrastructure support, and possesses digital banking expertise. “We prioritize customer service with dedicated support teams and regularly enhance our
products for continuous improvement”, adds Prasad B K, Managing Director & Chief Technology Officer.

Co-Bank+: Empowering Co-operative Banks
Naive Plus’ flagship product, Co-Bank+, is a powerful cloud-based digital core Co-operative System designed exclusively for Co-operatives, MFIs, Self-Managed Groups, VSLAs, and Non-Banking Financial Institutions. The platform provides a comprehensive range of modules, including Member and Shareholding, Customer and KYC, Savings and Current Account, Loans, Deposits, Standing Instructions, Fixed Assets Management System, Internet Banking, Procurement Module, CRM, and HRMS.

One of the key advantages of Co-Bank+ is its subscription based Software-as-a-Service(SaaS) model, eliminating the need for capital investment, infrastructure costs, maintenance, AMC charges or license fees. It offers features such as workflow enabled processing, a 360-degree view of customer engagements, standardized operational processes, advanced search options, granular drill down for transactions and internal mail communication.

Naive Plus Software Solutions combines financial domain expertise with information technology to deliver exceptional solutions

Co-Bank+ is designed to meet local and regulatory requirements and provides service delivery through a mobile banking app compatible with smart phones and feature phones with USSD. It also includes additional features like Agency Banking, Mobile Banking, ATM Switch Interface, and more. The platform aims to automate and accelerate banking processes for Co-operatives, Microfinance institutions, and NBFCs. It helps small financial institutions in remote areas reach more customers and of¬fer efficient and modern financial products and services.

Co-Bank+ prioritizes security, efficiency, scalability, and user-friendliness. It provides multilevel authentication protocols, access controls and encryption of sensitive data for security. The system offers features like fraud detection and prevention mechanisms, real time reporting, and audit trails. In terms of efficiency, Co-Bank+ streamlines Co-operative operations with features like member registration, loan origination, savings and deposit management, financial reporting, and mobile banking. It minimizes manual processes, reduces human errors, and increases operational efficiency through automation capabilities.

Co-Bank+ is scalable and customizable, allowing it to grow with the Co-operative’s membership and operational requirements. The platform offers an intuitive interface for easy navigation and quick access to critical data. Mobile banking features enable members to manage their accounts from any device.

Overall, Co-Bank+ is a powerful financial management solution that optimizes Co-operative operations, reduces costs, and improves member satisfaction. It provides a secure, scalable, and customizable platform with a wide range of features to streamline Co-operative operations and accelerate digital transformation.