Overview - Fincraft^TM Cheque Truncation System

Payments and settlement process are critical in ensuring the efficiency of the financial infrastructure. Image-based Cheque Clearing System or Cheque Truncation System (CTS) is a project for faster clearing process in banks for cheque undertaken by Central banks of many countries. Nelito is one of the renowned cheque truncation services providers, with a great client portfolio inclusive of major public sector, private sector and co-operative banks and is fully compliant with Central Bank's (like RBI in India) cheque truncation guidelines.

With the implementation of grid-based Cheque Truncation System, cheque clearing process in general has gained speed and operational efficiency in addition to other benefits such as business process re-engineering, cost effectiveness, better service and adoption of cutting-edge technology. With more than 2 decades of experience in building and managing image-based cheque truncation software for financial institutions across the world, Nelito has emerged as a partner of choice for many banks in India and globally.

FinCraft^TM Cheque truncation system prevents fraud and helps in reconciliation with higher operational efficiency.

FinCraft^TM Cheque Truncation Solution is a web-based solution having capabilities of imaging cheques to reduce time taken for clearing of cheques. It converts physical cheque into high dimension images so as to make it easy for the clearing house to eliminate the cumbersome process of physical presentation of cheques.

This process saves time as well as cost involved in traditional clearing process. Our solution is integrated with National Payment Systems Organizations (e.g National Payment of Corporation (NPCI) in India) as prescribed by the Clearing House Interface.