InterBank Corporate in Eamon International

2016

The microcredit deposit institution "EAMON INTERNATIONAL" (Tajikistan) started service — remote banking for legal entities. It is constructed on the basis of the solution of R-Style Softlab — InterBank Corporate IT company.

System implementation using which to clients of MDO it became available as basic functionality of Internet banking (obtaining information, payment transactions on accounts online) and expanded — work with the credits and deposits, service on salary projects, lasted about six months and included integration with software for crediting process automation — RS-Loans V.6 of the list CORE BANKING SYSTEM RS-Bank of V.6.

2014

On December 15, 2014 the R-Style Softlab company announced completion of implementation^[1] of a system for work with the loan portfolio based on the solution InterBank RS in the microcredit deposit institution "EAMON INTERNATIONAL" (Republic of Tajikistan).

Project Tasks

For expansion of business of the organization it was required to solve several major problems among which:

• centralization of the database of 17 branches;
• development of the new directions of business - household deposits and individual entrepreneurs;
• accounting of intraeconomic activity;
• standardization of bank accounting;
• transition to use of twenty-place personal accounts;
• expansion of functionality of lending procedures and accounting of the credits.

Project Progress

R-Style Softlab suggested to implement the first stage back office tasks within the core banking system of the company — RS-Bank v. 5.5 and RS-Bank V.6, and on the second — front office on the basis of InterBank line.

Before implementation of one of the making core banking systems RS-Bank v. 5.5 — module RS-Incounting v. 5.5, the company finished it and it began to support the multifilial mode.

The company implemented the assembly of RS-Bank V.6 supporting the mechanism of postings according to requirements of multiple currency accounting.

Result

As a result of the performed works the management of Eamon International received the system which raised extent of control over decision making according to requests for the credit that will allow the company to create effective product strategy to save money and temporary resources.

"For our company it is the first and very valuable experience of implementation of the front office solution in the CIS countries — the deputy CEO of R-Style Softlab company Mikhail Drobyshevsky commented on project results. — The front office and RS-Loans V.6 were considerably processed under tasks of the customer and adapted for requirements of the legislation of the Republic of Tajikistan. The bank received a centralized system — all branches are conducted in one base that is big advantage from the point of view of management and system architecture".

At the end of 2015 the R-Style Softlab company and MDO "Eamon International" (Republic of Tajikistan) signed the agreement on delivery and implementation of RBS system of InterBank Corporate. Upon completion of the project along with traditional functionality of the Internet client, such as obtaining information and payment transactions on accounts online, MDO will be able to offer legal entities salary projects and also functionality on the credits and deposits. For implementation of problems of financial institution the IT company will execute integration of InterBank Corporate with the credit granting system of RS-Loans V.6 which is already installed in MDO of structure of the core banking system RS-Bank V.6.

In 2016 the microcredit deposit institution "EAMON INTERNATIONAL" (Tajikistan) started new service — remote banking for legal entities. It is constructed on the basis of the solution of R-Style Softlab — InterBank Corporate IT company.

System implementation using which to clients of MDO it became available as basic functionality of Internet banking (obtaining information, payment transactions on accounts online) and expanded — work with the credits and deposits, service on salary projects, lasted about six months and included integration with software for crediting process automation — RS-Loans V.6 of the list CORE BANKING SYSTEM RS-Bank of V.6.

Notes