BASIC Bank Limited
5th Floor, Sena Kalyan Bhaban, 195 Kamalapur Box Culvert Rd,
Dhaka, 1000,
Bangladesh
Dhaka, 1000,
Bangladesh
880 2-9556616
Banking and Financial Services
BASIC Bank Limited Technographics
BASIC Bank Limited Software Purchases and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by BASIC Bank Limited and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 2237 BASIC Bank Limited employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that BASIC Bank Limited has purchased the following applications: 3i Infotech Kastle Core Banking Solution for Core Banking in 2013, 3i Infotech Kastle CRx for Risk Management in 2013, 3i Infotech Kastle Factoring for Trade Order Management System (TOMS) in 2013 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems BASIC Bank Limited is running and its propensity to invest more and deepen its relationship with 3i Infotech , Lumen Technologies or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing BASIC Bank Limited revenues, which have grown to $300.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for BASIC Bank Limited intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
BASIC Bank Limited Data, Technology Stack, and Enterprise Applications
ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
Insight Source |
|---|---|---|---|---|---|---|---|---|---|
| 3i Infotech | Legacy | 3i Infotech Kastle Core Banking Solution | Core Banking | ERP Services and Operations | n/a | 2013 | 2014 | In 2013, BASIC Bank Limited implemented 3i Infotech Kastle Core Banking Solution as its Enterprise Resource Planning platform for core lending operations at the bank in Bangladesh. BASIC Bank Limited, a financial institution with 2237 employees, configured the 3i Infotech Kastle Core Banking Solution to support structured lending workflows and centralized loan account management. The implementation configured Kastle Core Banking Solution to prepare Secure Over Drafts proposals of all kinds, covering sanction, renewal, disbursement, and redemption workflows within the credit lifecycle. The system was used to create and manage loan accounts including cash credit CC, secured overdraft SOD, term loan TL, short term loan STL, and micro credit accounts, aligning account opening, sanctioning, disbursement, and repayment processing into the core ledger and account master. Operational coverage focused on lending and branch operations across BASIC Bank Limited in Bangladesh, with the Kastle Core Banking Solution serving as the transactional hub for credit origination and downstream account servicing. Functional terminology implemented included credit proposal generation, sanction workflow orchestration, disbursement scheduling, and redemption processing, consistent with Enterprise Resource Planning capabilities for banking. Governance and process restructuring emphasized standardized SOD proposal formats and formalized approval workflows within the Kastle Core Banking Solution, enabling end to end loan lifecycle controls and audit trail capture. Configuration centered on role based approval sequencing and centralized credit documentation handling to align branch level origination with head office sanction and disbursement procedures. |
TRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
Insight Source |
|---|---|---|---|---|---|---|---|---|---|
| 3i Infotech | Legacy | 3i Infotech Kastle CRx | Risk Management | TRM | n/a | 2013 | 2014 | In 2013, BASIC Bank Limited implemented 3i Infotech Kastle CRx to support Financial Analysis and Risk capabilities for lending and credit operations. The deployment targeted preparation of Secure Over Drafts proposals of all kinds, covering Sanction, Renewal, Disbursement and Redemption, and enabled creation of loan accounts including CC, SOD, TL, STL, and Micro-Credit via Kastle Core Banking Software. The implementation configured a credit proposal lifecycle module for SOD proposals, embedded sanctioning and renewal workflows, and operationalized disbursement and redemption processing. 3i Infotech Kastle CRx was configured with product templates, approval matrices, role-based approval workflows and document capture elements consistent with Financial Analysis and Risk platforms to support credit decisioning and file management. Integration work centered on a direct interface with Kastle Core Banking Software to provision sanctioned accounts into the core system, creating a straight-through path from proposal to account creation. Operational coverage included the banks credit operations, branch lending teams, and risk oversight units, with workflows designed to coordinate proposal submission, credit approval and account opening activities. Governance and process changes were formalized within the application, embedding sanction authority levels, renewal scheduling and review triggers, and disbursement controls into system workflows. Rollout focused on standardizing lending lifecycle procedures and assigning role-based access for credit officers and approvers within 3i Infotech Kastle CRx. | |
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Risk Management | TRM |
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2013 | 2014 |
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Investment Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
Insight Source |
|---|---|---|---|---|---|---|---|---|---|
| 3i Infotech | Legacy | 3i Infotech Kastle Factoring | Trade Order Management System (TOMS) | Investment Management | n/a | 2013 | 2014 | In 2013 BASIC Bank Limited deployed 3i Infotech Kastle Factoring to support Treasury Management functions, establishing a formal platform for overdraft and loan lifecycle processing. The deployment positioned 3i Infotech Kastle Factoring as the bank's operational tool for preparing Secure Over Drafts proposals of all kinds, covering sanction, renewal, disbursement and redemption workflows. The implementation configured factoring and overdraft proposal modules to manage end to end proposal lifecycle and structured approval routing, and it provisioned automated account creation capabilities. The system was used to create loan accounts including cash credit, SOD, term loan, short term loan and micro credit, with 3i Infotech Kastle Factoring driving the transactions and account records. Operational integration was executed with the Kastle Core Banking Software so that proposals and approved actions in 3i Infotech Kastle Factoring resulted in account provisioning and ledger entries in the core system. The functional scope extended across treasury execution, credit operations and branch origination channels, enabling a centralized proposal management layer feeding the core banking ledger. Governance was restructured around standardized SOD proposal templates and sanction to redemption workflows, embedding structured data capture and approval checkpoints into daily operating procedures. BASIC Bank Limited used 3i Infotech Kastle Factoring to formalize overdraft and loan processing in Treasury Management, aligning proposal orchestration with core account provisioning through Kastle Core Banking Software. |
CyberSecurity
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
Insight Source |
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Web Application Firewalls (WAF), DDoS Protection | CyberSecurity |
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2021 | 2021 |
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IT Decision Makers and Key Stakeholders at BASIC Bank Limited
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Apps Being Evaluated by BASIC Bank Limited Executives
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FAQ - APPS RUN THE WORLD BASIC Bank Limited Technographics
BASIC Bank Limited is a Banking and Financial Services organization based in Bangladesh,
with around 2237 employees and annual revenues of $300.0 million.
BASIC Bank Limited operates a diverse technology stack with applications such as
3i Infotech Kastle Core Banking Solution, 3i Infotech Kastle CRx and 3i Infotech Kastle Factoring,
covering areas like Core Banking, Risk Management and Trade Order Management System (TOMS).
BASIC Bank Limited has invested in cloud applications and AI-driven platforms to optimize efficiency and growth,
collaborating with vendors such as 3i Infotech.
BASIC Bank Limited recently adopted applications including
Lumen Black Lotus Labs in 2021, 3i Infotech Kastle Core Banking Solution in 2013 and 3i Infotech Kastle CRx in 2013,
highlighting its ongoing modernization strategy.
APPS RUN THE WORLD maintains an up-to-date database of BASIC Bank Limited’s key decision makers and IT executives,
available to Premium subscribers.
Our research team continuously updates BASIC Bank Limited’s profile with verified software purchases,
vendor relationships, and digital initiatives identified from public and proprietary sources.
Subscribe to APPS RUN THE WORLD to access the complete BASIC Bank Limited technographics profile,
including detailed breakdowns by category, vendor, and IT decision makers.