VSoft Corporation
Encyclopedia
VSoft Corporation is an information technology
company headquartered in Georgia, US. The company has its Research and Development
wing based in Hyderabad, India. VSoft Corporation is one of the providers of financial solutions to Banking and financial institutions across geographies.
domains.
In the year 2006, VSoft announced its focus on the Asian market by establishing VSoft Technologies Pvt. Ltd. with its headquarters in Hyderabad, India. In the same year, sensing opportunities in the core banking space in the Indian co-operative banking sector, VSoft Technologies acquired the assets of Coopman Consultancy, a product shop based in Bangalore
, India. Coopman had an established core banking product and a ready customer base of over 30 co-operative banks. The number of Co-Operative banks using VSoft Solutions
is growing with the quick modernization of Co-Operative bank sector in India.
and SuVikas
are core banking
solutions that VSoft caters to banks and financial institutions. While CoreSoft is deployed mainly in North America and Atlantic regions, SuVikas
is developed for banks in the Asia and Africa regions. Other VSoft’s notable solutions
are their Check Truncation System
and their item capture products
.
’ 9th Annual Innovator Awards for their core solution.
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
company headquartered in Georgia, US. The company has its Research and Development
Research and development
The phrase research and development , according to the Organization for Economic Co-operation and Development, refers to "creative work undertaken on a systematic basis in order to increase the stock of knowledge, including knowledge of man, culture and society, and the use of this stock of...
wing based in Hyderabad, India. VSoft Corporation is one of the providers of financial solutions to Banking and financial institutions across geographies.
History
VSoft was established on the 6th of February, 1996, as a Corporation with its headquarters in Atlanta, USA. The promoters of the company, Murthy Veeraghanta and Shekar Viswanathan, started VSoft with a vision to establish the organization as a global provider of financial technology solutions that improve service, reduce cost and maximize efficiency. Today, nearly 2000 financial institutions globally use VSoft’s portfolio of over 20 products that straddle the image-enabled payment processing and core bankingCore banking
Core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices.- Core banking :...
domains.
In the year 2006, VSoft announced its focus on the Asian market by establishing VSoft Technologies Pvt. Ltd. with its headquarters in Hyderabad, India. In the same year, sensing opportunities in the core banking space in the Indian co-operative banking sector, VSoft Technologies acquired the assets of Coopman Consultancy, a product shop based in Bangalore
Bangalore
Bengaluru , formerly called Bengaluru is the capital of the Indian state of Karnataka. Bangalore is nicknamed the Garden City and was once called a pensioner's paradise. Located on the Deccan Plateau in the south-eastern part of Karnataka, Bangalore is India's third most populous city and...
, India. Coopman had an established core banking product and a ready customer base of over 30 co-operative banks. The number of Co-Operative banks using VSoft Solutions
Suvikas
SuVikas is a browser-based core banking software developed by a Bangalore-based company Coopman Consultancy for Urban Co-Operative Banks, Rural Co-Operative Banks, District Co-Operative banks, State Co-Operative Apex banks, Regional Rural Banks and Credit societies in India and Asia region.The...
is growing with the quick modernization of Co-Operative bank sector in India.
Solutions
CoreSoftCoreSoft Core Banking Solution
CoreSoft is a browser-based core banking solution developed and owned by VSoft Corporation, a company based in Duluth, Georgia, US. CoreSoft is developed for deployment in North America and Atlantic regions, it being compliant with the regulatory standards of the region.CoreSoft supports multiple...
and SuVikas
Suvikas
SuVikas is a browser-based core banking software developed by a Bangalore-based company Coopman Consultancy for Urban Co-Operative Banks, Rural Co-Operative Banks, District Co-Operative banks, State Co-Operative Apex banks, Regional Rural Banks and Credit societies in India and Asia region.The...
are core banking
Core banking
Core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices.- Core banking :...
solutions that VSoft caters to banks and financial institutions. While CoreSoft is deployed mainly in North America and Atlantic regions, SuVikas
Suvikas
SuVikas is a browser-based core banking software developed by a Bangalore-based company Coopman Consultancy for Urban Co-Operative Banks, Rural Co-Operative Banks, District Co-Operative banks, State Co-Operative Apex banks, Regional Rural Banks and Credit societies in India and Asia region.The...
is developed for banks in the Asia and Africa regions. Other VSoft’s notable solutions
EDesk
-eDesk:eDesk is a generic reference to image processing products developed and owned by VSoft Corporation, a software company based in Duluth, Georgia, US and Hyderabad in India....
are their Check Truncation System
Cheque truncation
Cheque truncation is the conversion of physical cheque into electronic form for transmission to the paying bank. Cheque truncation eliminates cumbersome physical presentation of the cheque and saves time and processing costs.-History:To settle a cheque it has to be presented to the drawee bank...
and their item capture products
EDesk
-eDesk:eDesk is a generic reference to image processing products developed and owned by VSoft Corporation, a software company based in Duluth, Georgia, US and Hyderabad in India....
.
Awards and Recognitions
VSoft has won many awards and recognitions. More than 1,900 banks, credit unions and savings institutions, as well as transaction processors, governments, utilities, telecommunications and retail organizations worldwide use VSoft’s solutions. The company’s growth and stability has been recognized by inclusion in the 2007, 2008 and 2009 Inc. 5000, the 2008 and 2009 Software 500, recognition as a Top 10 Fastest Growing Company in Atlanta in 2008 and featured in Bank Technology NewsBank Technology News
Bank Technology News is a technology publication published monthly, with a circulation of 30,000. Bank Technology News also publishes a weekly newsletter...
’ 9th Annual Innovator Awards for their core solution.