mFino Agile Core Banking is a specialty core banking solution for modern financial services organizations. It supports your banking operations so that you can focus on the areas that ultimately build your business and drive customer satisfaction.


mFino’s CASA (Current and Savings accounts) module is very versatile. You can define different types of CASA products using the Product Management feature. The standard CASA module’s products include ATM, check book, nomination and overdraft. A variety of sweeps and standing instructions are also supported. The CASA module supports single and joint account ownership and can capture signatory details and account operating instructions. Interest is very flexible and can be applied on daily or monthly balances with flexible pay out and settlement options. The module also enables businesses to configure a variety of event based or periodic charges and fees.


The mFino platform offers different types of deposits such as term deposits, demand deposits, recurring deposits, certificate of deposits and more. As with other modules in the mFino platform, institutions can configure multiple deposit products based on their business needs.

The platform supports the creation of deposits by sweeping excess funds from CASA accounts or by explicitly opening a deposit account per customer needs.

The module provides a flexible mechanism for the application of interest. Interest rates can be based on the time and amount tiers. In addition, customer-specific margins can be applied based on business rules such as customer relationship value or any other parameter the institution wants to use.

Early withdrawal with or without penalty is supported along with Flexible maturing such as auto or manual renewal or maturity payout. The module also supports the application of post maturity interest if the deposit remains unclaimed.


The mFino Lending module is a flexible easy-to-use tool that enables institutions to offer a wide variety of lending capabilities. Each time a loan is approved the institution is creating an asset in its books. Loans offered by a bank can be fixed or variable interest rate or a combination, and disbursed and repaid at different intervals.

A loan passes through different stages from the time it is approved until it is repaid. If the loan is not repaid, the bank can make provisions to account for the impaired asset. During the lifetime of a loan, it may have to be adjusted to account for changes to its term, interest rate, repayment schedule and so on.

Products could be setup for personal loans, vehicle loans, home loans, education loans, etc. There can even be different versions of each of these products that can be set up through mFino’s product management capabilities.


Customers of the institution send and receive funds. There are various ways in which funds can be moved between accounts within the country and across countries. Different countries have different domestic remittance schemes and there are schemes that span larger geographies or even globally. These could be the domestic RTGS and Electronic funds transfer schemes of various countries or schemes like SEPA for Europe or SWIFT for global funds transfers.

The mFino Remittances module enables all of the above and more. In addition to the above, other innovative P2P transfers such as transfers through social media, token-based payments to make remittances and payments more frictionless and less expensive are available.

The platform supports flexible charging and routing logic based on business rules with the capability to integrate into real time fraud detection systems.


mFino’s Product Management capabilities allow Institutions to create different types of accounts. For example, the institution may want to have different types of savings accounts. These could be salary accounts, no frills savings, savings accounts for senior citizens, savings accounts for students etc.

Each of these can be defined as different savings account products.
A product can have the following types of information:

  • Basic details and validity
  • Eligibility criteria
    • Only university students are eligible or people or above 65 years of age
      Module specific parameters include:
    • Temporary overdraft allowed or not
    • Check writing
    • ATM access
    • Sweeps
    • Interest computation rule
  • Associated charges
  • Accounting rules

All products such as Lending, Deposits, and Current Accounts follow a similar structure to enable the institution to define custom products to meet their requirements.


The mFino General Ledger is a hierarchical, multi-currency structure that can be extended to any number of levels to support the institutions accounting and reporting requirements. It follows the concept of period accounting where the financial year is divided into reporting periods and balance accounting and tracking is done by period. This provides the institution with the flexibility to meet necessary regulatory and internal reporting requirements.

Ledger posting is done in real time so that the institution can have current views of its cash flows, liquidity, assets and liabilities. In addition to having period level balances, mFino also keeps track of the value-dated and book-dated balances. Ledger balances can be sliced and diced for MIS and reporting purposes across various dimensions. For instance, the home loans asset ledger balance could be broken down on borrower category and gender. These dimensions are flexible and different ledgers can be sliced and diced on different set of dimensions giving the institution enormous flexibility and greater insights.