Raiffeisenbank started the application for effective management of liquidity

2020: Start of mobile application

On February 5, 2020 Raiffeisenbank announced application launch, considerably simplified process of management of bank liquidity. The Topso.ru company acted as software developer. The Nostro Monitoring Application (NMA) application provides consolidation of data from different IT systems on the actual and the forthcoming operations with correspondent accounts.

Raiffeisenbank locates more than 100 corresponding accounts for carrying out payments in Russian rubles, USA|US dollars, the European and Asian currencies. Daily through these accounts there pass calculations for client and own transactions of more than 2 billion dollars.

Now monitoring of all transactions is in real time performed in NMA. Information representation is implemented via the web interface. By means of the dashbord, reports and tables containing the detailed information on transactions, the employee gains complete idea of movements and a planned remaining balance on any account and can calculate the volume of transactions which need to be concluded in the market for achievement of target balance taking into account the set limit on a remaining balance.

The application not only reflects actually registered payments, but also integrates information on the forthcoming transactions from several systems of bank. It gives the chance to obtain data at an early stage, i.e. for calculation of a payment position the employee should not wait for confirmation and payment processing on the party of a back office or operational management. Information arrives online and at once is considered in payment of deficit or excess of liquidity in each currency that saves time and resources.

Development of technological financial products and services — one of the focal directions of strategy of Raiffeisenbank. Consolidation in real time of data on payments and transactions allows us to manage quickly liquidity, selecting the most profitable instruments of placement and attraction of financial resources during the day, commented Alexey Bazzhin, the senior vice president for conversion and deposit transactions and funding of Raiffeisenbank