Orbit-R Microbanking

Orbit-R is the next generation of Neptune’s well established Orbit/Equinox microfinance solution, designed to support the more demanding needs of microfinance institutions (MFIs) today. Ported to Neptune’s new Rubikon technology, developed to support larger MFIs, it offers a comprehensive range of microfinance functionality and support.

Orbit-R is Neptune’s flagship solution providing large scale MFIs with banking systems solutions that enable the support of an agile enterprise that can reap significant benefits from adopting new business models and practices.

Orbit-R is designed to deliver an industry specific, closely coupled, business-oriented and collaborative framework for financial services. The unique Financial Service Oriented Architecture (FSOA) facilitates rapid incremental deployment as; either a complete universal banking system, or a series of special-purpose applications that collaborate with the existing infrastructure to deliver new products or services, addressing new channels to market, or streamline currently inefficient or high-risk processes. This approach allows MFIs to achieve accelerated returns on investment and gain competitive advantage, especially in attracting new generation of customers and employees.

Each of Orbit-R’s components is closely-coupled to the others, enabling Orbit-R to simultaneously provide an environment that is:

• Customer-centric
• Business-service and Workflow oriented
• Event driven
• Easy and fast to develop new products and services
• Channel agnostic
• Intuitive and collaborative for users
• Management information rich and compliant

The Orbit-R technology platform is based on “real” new technology, 100% Java and J2EE, adopting open standards and an SOA architecture, which brings scalability and agility while delivering process excellence to the business.

The use of J2EE enables the standardization of a number of different technologies to create a robust platform for building distributed, multi-tier enterprise applications. In addition to an online, real-time general ledger, Orbit-R supports high-volume transaction processing and provides embedded workflow management.

By using an externalized rules engine, Orbit-R enables financial services institutions to improve operational efficiency with increased automation and without compromise in performance or scalability. It reduces “time-to-market” for new products and services, improving client satisfaction, and gaining competitive advantage. Orbit-R offers an effective combination of scalability, performance, online database, and no end-of-day requirement; enabling financial services institutions to give superior 24/7 services to their clients in a multi-channel environment, for faster implementation and cost reduction.

Orbit-R includes an extended set of functionality in order to meet present and future requirements of MFIs that have the ambition of growing into deposit taking institutions and eventually full banks.  It includes teller, current accounts, cheque processing, deposits & term deposits, loans, collateral, funds transfer, remittances, standing orders, direct debits, e-banking, SMS banking and biometrics