Diasoft: Bank of Russia Digital Ruble

2024: Support for the latest digital ruble platform interaction formats

Diasoft supported new formats of interaction between the subjects of the digital ruble platform. These formats were published in March 2024 on the Bank of Russia website and should be implemented within three months. Diasoft announced this on July 24, 2024.

The Bank of Russia published an updated version of the album of electronic messages used for interaction between the subjects of the digital ruble platform "version 2024.03" in 29.03.2024. The album was the result of a generalization of the experience of pilot operation of the digital ruble platform in 13 banks of the "first wave" and conducting projects in 17 banks of the "second wave."

The list of changes is significant: new types of messages were added, changes were made to the procedure for performing 19 operations of individuals, legal entities and a financial intermediary. B2B operations have appeared in the standards - for transfers between legal entities, and C2B transfers between individuals and legal entities. At the request of the banking community, announced at the Bank of Russia financial forum in 2023, the functionality of a universal payment link for payment using QR codes has appeared. The sharpness was also added by the tight timing of the transition to new formats by August 2024.

To say that the changes caused tension among the participants in the pilot project is an understatement. To continue working with the digital ruble, banks will have to quickly switch to new formats, finalize or update existing solutions, conduct test tests - both mobile applications and all intra-bank platforms. We made every effort, and Diasoft urgently implemented support for these formats in its Digital Ruble of the Bank of Russia software product. An updated version of the product was released and handed over to customers exactly on the promised date of July 15, 2024, said Sergey Dobridnyuk, head of the product department "Calculations. Online electronic payments "of Diasoft.

2023: Development of an integration approach to introduce the Bank of Russia Digital Ruble solution into the IT landscape of banks

Diasoft has developed a unified integration approach to introduce the Digital Ruble of the Bank of Russia solution into the IT landscape of banks. The company announced this on October 5, 2023.

The digital ruble as a different form of national currency is enshrined at the legislative level. In October 2023, operations with a digital ruble are piloted for real customers of S2S and S2V. According to the regulator's forecasts, the digital ruble will be a common means of payment by early 2025, which means that operations with the digital ruble should become available to customers of most banks.

The decision "Digital Ruble of the Bank of Russia" is part of the Digital Q.Payments development platform and includes all the necessary functionality to work with the third form of the national currency. The solution provides timely support for changes in standards for working with the digital ruble. All test scenarios outlined in the Bank of Russia document "Procedure for Conducting Test Tests of Interaction of a Participant in the Digital Ruble 2022 Platform" were supported. As part of the pilot testing, test tests of interaction with the Digital Ruble platform were successfully passed.

The solution implements a package of integration services for interaction with existing remote banking systems (RBS), control systems (AML, Antifrod) and other banking systems. Open APIs have been developed to interact with popular banking IT systems in Russia. Monitoring is also provided to analyze the ongoing business processes and log the ongoing operations, which provides access to information about the internal status of the procedures performed.

To date, we have successfully completed three pilot projects to implement a digital ruble solution. During the implementation of the projects, a number of typical technical and organizational difficulties were identified that banks have in the process of introducing the digital ruble. We know how to overcome these difficulties as painlessly as possible for the customer and seamlessly integrate the solution into the current IT architecture of the bank, said Sergey Dobridnyuk, head of the product department "Calculations" of the company "Diasoft."

Diasoft specialists are ready to deploy a solution for working with a digital ruble in 2.5-3 months, pass test tests of interaction with the digital ruble platform on their own or together with the bank's team and put the solution into commercial operation.

2022: Development of a digital ruble automation solution

On July 12, 2022, Diasoft announced the development of a solution for automating work with the digital ruble of the Bank of Russia.

Bank of Russia together with 12 domestic credit organizations continues to test the digital platform. ruble This form the Russian of the national currency will be available to citizens and organizations in 2023, but financial market participants have already begun the process of technological preparation for working with the digital ruble for July 2022.

The solution is part of the Digital Q.Payments development platform and includes all the "starting" functionality for working with a digital ruble.

The decision for July 2022 includes three components: "Digital Ruble Transfers," "Digital Ruble Settlement Center" and "Digital Ruble Operations Coordinator." The functionality allows you to register digital wallets of customers, identify and authenticate users, transfer between clients' wallets, convert ruble funds from one form of ruble to another, and online exchange of messages on the digital ruble with the information systems of the Bank of Russia. To integrate with the system of amidistation banking, an Open API is implemented, which supports the automatic call of the necessary operations from remote channels.

Thanks to the implementation in microservice architecture, the solution has the following qualities:

• High performance (up to 10,000 operations per second)
• High rate of implementation of the standard version (1.5-2 months together with integration interaction tests)
• Ease of integration with the bank's IT systems
• the ability to quickly support and deliver updates, including those related to changes in legislation;
• 24/7 availability and fault tolerance.

The organization of interaction with the digital ruble platform of the Bank of Russia will require banks to introduce new business processes, regulations and work protocols. In addition, at the initial stages of launching a digital ruble into mass circulation, there is a high probability of frequent changes and additions to related legislation. The decision of the Digital Ruble of the Bank of Russia will automate all operations with minimal labor costs and as soon as possible. Diasoft provides full support for the solution, including prompt support of the regulator's requirements, assistance in official testing of integration interaction, said Sergey Dobridnyuk, head of the product department "Calculations" of the department "Operating activities" of the company "Diasoft."