QBIS.Online-control

2019: Announcement "Online-control"

The Banking Information Systems company in July, 2019 announced that it implements wishes of the Bank of Russia on online monitoring of the transactions made by clients in the module "Online-control" which will be a part of family of the QBIS software products.

This IT solution will allow credit institutions to reveal and stop quickly transactions which, it agrees to the technique developed by the Bank of Russia, can be regarded as laundering of income. In case of suspicious transaction the regulator recommends to bank to suspend transaction, to announce it in the Central Bank, to wait for the decision of the Central Bank on its confirmation or a deviation.

In the software product from large-scale integrated circuit company in several stages a number of wishes to this type of software will be implemented:

• Maintaining lists of clients and partners
• Procedure of automatic control of outgoing payments of clients
• Manual control of outgoing payments of clients
• Control of the outgoing payments received through the RBS system

Besides, by request of the specific buyer of this IT solution implementation of integration with external data sources is possible (FTS, SPARK, the Circuit. Focus and others).

According to developers, the module "Online-control" will fully allow all interested credit institutions to perform the recommendations of the Bank of Russia in the field of control of counteraction of legalization (washing) of income and to provide transparency and legality of the transactions made in the system of bank.^[1]

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