The Moscow bank automated the organizations in foreign exchange market based on RS-Securities

2017: Automation of transactions in foreign exchange market based on RS-Securities

The Moscow bank selected RS-Securities V.6 from R-Style Softlab company for automation of transactions of credit institution in foreign exchange market and security market. With input of specialized IT-resheniya bank it intends to become the full-fledged player at the exchange and to make transactions not only on its own behalf, but also on behalf of the clients.

Project Progress

The project included installation of several system modules RS-Securities:

• "Back office of transactions with securities",
• "Depositary",
• "Financial instruments of the forward transactions and conversion transactions" (regarding conversion transactions),
• "Interbank credits".

Implementation was executed by specialists of R-Style Softlab.

Implementation Results

According to Lev Frenkel, the deputy CEO of R-Style Softlab, project implementation took no more than four months thanks to the fact that a system has a sufficient set of functionality for automation of work of small banks in the currency and share markets. In a case with SMB banks it can be set without additional adaptation under specifics of credit institution that reduces an implementation time.

After implementation of this solution we had a technology platform for the exponential growth of dealer and broker transactions — Igor Sirotinin, the first deputy chairman of the board of PJSC RAKB Moskva summed up the project results.

2015: Automation of card products based on RS-Bank

On October 6, 2015 the R-Style Softlab company announced implementation of the module "Plastic cards" from structure of the core banking system RS-Bank v. 5.5 in bank "Moscow"^[1].

Project Progress

During the project the contractor implemented the automation equipment for all types of card products of financial institution (deposit and salary) which are issued within MasterCard payment system and also with agreements of acquiring.

Office of Moscow bank on a photo of Google Streets (2013)

The bank uses the automated banking system of R-Style Softlab more than 10 years. Implementation of the add-on module from structure of the solution is connected with expansion of the list of retail services of credit institution. With this subsystem became available to bank:

• accounting of plastic card transactions,
• flexible configuration of transactions and commissions,
• release of the regulated and internal reporting under card transactions of clients.

Carrying out and processing of package transactions is completely automated:

• loading and unloading of transactions,
• calculation and charge of percent,
• write-off of the commissions and other.

Project Results

""plastic cards" — not the first ABS add-on module which we selected in connection with business expansion. Two years ago we implemented a subsystem Deposits for the automated accounting of deposits of individuals and also some other modules — Igor Sirotinin, the first deputy chairman of the board reported. — Solutions based on RS-Bank v. 5.5 are optimal for our bank: they are convenient, contain all necessary functionality and, at the same time, are not excessively difficult".

"The bank works with processing of UCS (United Card Services) — Mikhail Drobyshevsky, the deputy CEO of R-Style Softlab noted. — For work with cards we organized file exchange with this system. Then configured types of deposits and transactions under different card products. The project passed quickly thanks to features of our core banking system and understanding by specialists of bank of the principles of its work".

Notes