Virmati CBS

Virmati supplies core banking and BFSI software from a base of twenty-five years in the market, reporting more than 160 clients, over 100 core banking deployments across twelve countries, and more than 110 specialists. Longevity carries weight in core banking specifically: institutions buying a core system are choosing a supplier for a decade or more, and vendors that have already survived that long have demonstrated something a feature comparison cannot.

The suite is organised as several distinct platforms rather than one monolith. The Branchless or Agent Banking Platform is presented as a versatile, inclusive and low-cost route to banking, with e-commerce and remittance available as add-ons. Agent banking is the mechanism that makes serving low-income and rural customers economically viable, since a branch cannot be justified where average balances are small, and a local agent can.

The Islamic or Shariah Banking Suite is a genuinely differentiating inclusion. Shariah-compliant finance is not conventional banking with different labels; it requires structurally different products because interest is prohibited, so profit-sharing and asset-backed structures replace it. Retrofitting that onto a conventional core does not work properly, and the vendor states coverage across distinct geographies, native regulations and regional business environments, with asset management and loan origination add-ons.

The Digital Banking and Omni Channel Suite covers internet, mobile apps, SMS, ATM, kiosk, USSD, tablet and call centre modes for any host environment. USSD deserves specific note, since it works on basic feature phones without data connectivity and remains how a large share of customers in developing markets actually transact.

The Anti Money Laundering Suite covers AML and combating the financing of terrorism for institutions of any size, with a FATCA add-on. The Loan Origination and Management Suite covers lending, appraisal and recovery across the full lifecycle with workflow and document management, plus instant credit and legal add-ons. Group companies include Virmati Software and Telecommunications and Virmati Infotech, with published quality policies. Pricing is not published.