mBank first of it’s kind Fin-Tech company established from an innovative mindset and utterly vision to provide financial digital services to all the financial institutions. mBank is a cloud based mobile banking setup designed to enable mobility for co-operatives, microfinance, financial institutions and banks. The service integrates with the core banking software and enables different Banking and Payments with real time transcation through ISO 8583 channel. The mobile banking and payments services offered through this setup include balance enquiry, mini statement, cheque book request, cheque stop request, fund transfer, loan enquiry, various merchants and bill payments & Cardless ATM Cash Withdrawal from Partner Banks. The setup is designed to handle heavy customer loads and quickly scale to meet growing transactions and users. As the mobile application would be used in remote locations that have limited GPRS connectivity, the transaction from the mobile application has a capability to fall back to SMS in case GPRS is not available. The mobile application is designed in multiple languages. The menus and the notifications to the users were presented in the language of his/her choice based on the preferences. The mBank platform is designed to be horizontally scalable using high volume design best practices. The system uses file and RDBMS based storage and text based search capabilities. The transaction management is handled by hibernate and spring layer
