Flextera "Service of Reconciliation" in FundServiceBank

In the conditions of the growing competition in financial market JSC FUNDSERVICEBANK pays special attention to increase in loyalty already existing and to involvement of new clients.

It is clear, that the solution of these tasks is impossible without use of the modern information technologies, without building of the flexible and scalable infrastructure constructed on the basis of the best solutions from checked by time and dynamically developing suppliers who build the solutions on the basis of the principles of SOA. Experience shows that such approach to creation of IT architecture of bank provides competitiveness and business performance: gives the chance in a new way to use the existing systems and to increase the term of their operation, to save investments into IT, to reduce costs for their administration and support.

However implementing IT architecture based on SOA, it is necessary to exclude the slightest problems and to provide the accuracy of quality check and logical compliance of data in distributed systems. For the solution of this task JSC FUNDSERVICEBANK uses the specialized product Diasoft FA# Integration "Service of Reconciliation" developed by specialists of Diasoft company. (A comment – in September, 2010 the rebranding and all software products of Diasoft company constructed by the principles of SOA happened, received the name FLEXTERA. Today the software product ustavnovlenny in JSC FUNDSERVICEBANK is called FLEXTERA "Service of Reconciliation").

By what principles were guided in Bank, selecting this solution? The matter is that during cooperation of JSC FUNDSERVICEBANK and Diasoft company which began in 1997 partners implemented many successful projects contributing to the forward development of banking business. During integration of corporate systems of Diasoft FA# Treasury and WorkFlow(e) in Bank the new product of Diasoft company – Diasoft FA# Integration "Service of Reconciliation" (the Comment – FLEXTERA "Service of Reconciliation") which allowed to increase quality of the target solution and saved from problems of check of logical integrity of data in the integrated systems is implemented.

The solution set in bank works at MS SQL DBMS and allows to solve the following problems:

• Automatic search and identification of discrepancies between the banking systems integrated into information exchange. Check is made for turnover and balance information on accounts and finance documents
• Viewing results of reconciliation both in the form of messages of an integration bus, and by means of the graphical interface displaying errors in a user-friendly type.

In addition, FLEXTERA "Service of Reconciliation" can provide such advantages as:

• Automatic search and identification of discrepancies between the banking systems integrated into information exchange
• Maintaining story based on reconciliation with a flexible search mechanism, the user-friendly graphical interface for viewing and a possibility of creation of text reports on results of reconciliation
• Increase in speed of reconciliation thanks to package data loading
• Possibility of use of industrial DBMS from the leading vendors (IBM, Oracle, Sybase, Microsoft).

Value for business:

• Providing full-fledged tools for quality check of data in distributed systems
• Reduction of time for decision making about readiness of systems for closing of trading day
• Risk reduction, arising because of "a human factor" and/or because of failures in IT infrastructure when, as a result, incorrect information can be obtained.

Use of a new solution of Diasoft allowed to optimize costs of Bank for administration of corporate systems and to quickly connect additional tools to process of reconciliation of the obtained data.