BankNet, a financial management system that customizes to the way you conduct business.

BankNet is FSI’s proprietary core-banking software for savings institutions. The BankNet Executive Information System is a complete financial management system that features automated general ledger posting and reporting; online report viewing, querying, and archiving facility; and a dynamic tool that creates reports and analyses from relational databases.

Financial Management

This financial management system's flexibility allows you to tailor it to your need. Data can be consolidated and entered centrally, or it can be decentralized and input at the branch and department levels. If you maintain an in-house general ledger or use other third-party financial software, FSI's system can be configured to work with it, seamlessly and efficiently.

All work processed by core applications (deposits and loans) is automatically posted to subsidiary accounts, thereby eliminating manual entries. Repetitive entries, such as payroll deductions, are automated by use of template documents that can be created and stored for future use.

Two-month concurrent processing lets you post entries in a new month while keeping the prior month open for late entries. Thirteen-month rolling history eliminates the need to consult reports for historical data. Online balancing ensures the validity of entries, and all work is supported by extensive, fully validated audit trails, both online and on paper.

Retail Banking Services

FSI extends the reach of retail banking with its demand deposit and savings systems. Bankers' needs to quickly respond to marketplace changes and customer requirements are fully satisfied by our online processing. FSI provides direct control of all system options, with well over 200 user-defined controls that allow the configuration of product offerings to meet specific business objectives.

Retail processing is enhanced by the specialized processing of commercial accounts; lines of credit (including equity loans); lawyer trust accounts; rent security; and IRAs, MSAs, Keoghs and Roth retirement plans. Integration with the BankNet Retail Delivery Systems (for teller and platform processing), Transfer System (for automatic loan payments, club payments, overdraft protection), and Financial Management System (for automatic general ledger updating and management and regulatory reporting), can further extend capabilities while reducing duplicated efforts.

Retail Banking Services affords further efficiencies with 12 months' online history availability, automated return item processing tied to FSI's Item Processing services, full ACH/EFT stop payment, correction, return and NOC capabilities, and automated, totally hands-off processing of retirement distributions that’s unparalleled in the industry.

FSI clients' retail banking operations become effective income centers with the utilization of multiple service-charge options, including six overdraft options, automated stop payment and certified check fee generation, interest deferral on float, and over 10 different interest calculation methods. Data supplied by the FSI checking and savings systems to FSI's BankInfo Executive Information System allows detailed drill-down capabilities for account profitability analysis usually found only in large commercial processing.

BankNet Retail Banking Services systems are fully compliant with federal and state regulations. Federal CTR reporting is enhanced by FSI's Large Cash Transaction capturing, which features “anti-smurfing” control. Access to sensitive data is protected by FSI's multilevel security system, and additional features secure employee account data.

Checking System

Online controls let you configure and reconfigure processing options so that you can lead your competitors, not follow them. The system is backed by extensive daily reporting, available and searchable online through FSI's BankView. All transactions processed in the Checking System automatically post to your general ledger, relieving your staff of tedious manual tasks. The system is further complemented by full regulatory reporting for OTS and FDIC with integration to Sheshunoff software.

The Checking System enhances your customer service with plain-language statements that can be configured to include data on other accounts as well as overdraft protection and service charge summaries. Service charging can also incorporate other accounts' balances, a valuable feature that will enhance your market penetration.

Savings System

Combined with FSI's other Retail Banking strategies, the FSI Savings System supports a wide variety of deposit products, from time accounts to coupon clubs to ATM-enabled statement accounts. Additional processing capabilities include: dynamic ties to the FSI Loan Servicing System that protect accounts held as collateral for passbook loans, lease security processing from multifamily units of any size, and automated club payments by transfers from your customers' checking accounts.

Retirement System

FSI's online, real-time Retirement System offers a variety of management routines and unique new account opening procedures to help assure that your customer's accounts will be processed correctly. FSI's Retirement System contains inherent help screens for all fields in the routines. The system is designed to support either centralized (a separate retirement department) or decentralized (branch-oriented) operations, or a combination of both. It also supports both passbook and statement processing and individual retirement accounts, Roth, SEP, SIM, medical savings accounts, education, and Keogh plan categories. Each account has an identifying category code that invokes special retirement system processing and transaction safeguards.

Reporting

FSI's Retirement System meets all federal and state reporting requirements, including 5498s and 1099-Rs. This includes all customer reporting and submission of information to government agencies.

In addition to reporting on the savings system (where the accounts are housed), the retirement system reporting provides all information required on a scheduled basis (the bank sets the schedule) to control and administer a large volume of retirement plan activity. Banks also have the capability to create their own reports, with all retirement fields available, whenever required.

Retail Banking Delivery

Spectrum is a Windows™ -based program that integrates multiple FSI systems in a single, easy-to-use interface. Building on what is called Base Spectrum, FSI primary products can be activated individually as the needs of the bank grow. Base Spectrum includes FSI On Line (CRT) and Reports (BankView).

Utilizing BankSignature, bank personnel can also maintain a wide variety of electronic images. In addition to signatures, BankSignature supports the storage and viewing of photographs, driver's licenses, and even documents.

BankPlatform automates account opening, sales tracking, and report writing. Customer information is retrieved, prompts are displayed for additional data, and demographics are updated, leaving a bank’s Customer Service Representatives free for cross-selling additional services. Extensive sales features with customized graphics, product linking, and “what-if” calculations support the staff's efforts. Sales performance and marketing reports let bank personnel gauge sales successes and Customer Service Representatives' performance.

BankPlatform also features a laser engine for “forms-less” new account forms, all fully compliant with state and federal regulations, as well as store-and-forward capabilities, follow-up letter writing that can be customized to your requirements, and optional inclusion of BankTeller for transaction posting.

Safe Deposit Processing rounds out FSI's Retail Banking Delivery. It’s an online, real-time facility that increases control over this lucrative service. Our Safe Deposit system is fully integrated with BankPlatform and BankTeller, giving you multiple payment processing options. Invoicing is automated with pricing configurable at the branch and customer level. Extensive reports show you profit and loss, box status, and daily and monthly income summaries.

Loan Servicing System
Full Integration Residential Commercial - Consumer

FSI's Loan Servicing System is a full-featured online system that will service a bank’s entire loan portfolio from origination through payoff or collection. Multiple processing options allow the bank to offer new products that will keep it competitive without increasing expenses.

Online Loan Servicing features real-time processing with online help screens, rolling 36-month monetary and maintenance history availability, and a direct interface with the FSI Transfer System to allow automatic loan payments from any account in any bank. All monetary transactions processed automatically update your general ledger.

Loan Servicing includes complete escrow processing, fully compliant with state and federal regulations, including RESPA Regulation X. Its flexibility allows scheduling analyses at any time for any portion of a loan portfolio. Disbursement, too, is under complete control. Tax and insurance checks are printed at the bank office using FSI's EscrowPlus check printing system.

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