FloraBank digitalized 1000 Branches for Krishi Bank
online desk- FloraBank has achieved an innovative milestone using todays State-Of-The-Art technology for the only Core Banking Software in Bangladesh for the digital transformation of over 1,000 branches of Krishi Bank.
More than 15 Million accounts are being managed in over 1,000 branches of Bangladesh Krishi Bank through FloraBank Online Core Banking Solution (CBS) software which was architected, designed, developed and tested by Flora Systems Limited, established by all Bangladeshi engineers.
This is the first instance in Bangladesh’s history of banking software with a unique example of connecting ALL the bank branches within all corners of Bangladesh. According to research by the Bangladesh University of Engineering and Technology (BUET) and the UK's Certification Institute, FloraBank software is capable of over 6,000 secure transactions per second with a minimal server configuration.
The FloraBank Online Core Banking Solution project started its journey in July 1997, which is today involved as one of the largest banking services in the country. For last 24 years, FloraBank has provided banking services to over 2,000 branches of 10 banks in Bangladesh.
FloraBank Online Core Banking Solution (CBS) has set a unique precedent for Bangladesh Krishi Bank’s 1,000 plus branches. FloraBank software developed by 100% Bangladeshi engineers. FloraBank has been providing more than 15 Million customer loans, deposits and other banking services every day with reliability, assurance and efficient security.
FloraBank has ALL the modules of Core Banking Software that other competitors of its kind, i.e. Deposit & Withdrawal, Foreign Trade via SWIFT, Treasury, Local and Foreign Remittances through Instruments and SWIFT, ATM, POS, RTGS, EFT, SMS etc. In addition, FloraBank has given Bangladesh Krishi Bank the platform in adopting other modern services; APIs for Smartphone Financial Services, Internet Banking, Corporate Bulk Fund Transfer etc.
Bangladesh Krishi Bank is a large financial institution run by the government. At present, it is playing a special role in the national economy through banking activities in 1,038 branches across the country. The branches of Krishi Bank are ensuring digital banking services to Tens of Millions of people in districts, upazilas, unions and remote rural areas of the country.
The rural economy of agrarian Bangladesh is largely dependent on Krishi bank. Its role in achieving and increasing national growth is immense. The government has taken special initiative to modernize Krishi Bank to implement the vision of Father of the Nation Bangabandhu Sheikh Mujibur Rahman's Prosperous Bangladesh and Prime Minister Sheikh Hasina's Digital Bangladesh for sustainable economic development. In this initiative, Flora Systems Limited is proud to be a successful partner in implementing the Digital Bangladesh Vision through FloraBank Software.