QBIS

The product family of QBIS provides complex automation of work of credit institution, supports a full range of the existing banking products and business processes, allows to bring to the market new banking products quickly.

2018

Implementation of the IFRS standard

On October 17, 2018 the Banking Information Systems (BIS) company announced completion of adaptation of software products of the QBIS family for work of banks on the International Financial Reporting Standard of IFRS (IFRS) 9.

As explained in Banking Information Systems company, according to requirements of the Bank of Russia, all credit institutions since January 1, 2019 should apply the principles of IFRS 9 in the accounting. The most considerable updates are carried out in the following system modules of QBIS: "Credits and deposits", Private deposits, Bills of exchange, "Obligatory reporting", "Basic module". In them additional qualifiers, setup parameters, additional details which will allow to process financial instruments according to the principles of IFRS 9 are implemented. Algorithms of calculation of different indicators are developed for assessment and processing of financial liabilities and financial assets according to requirements of IFRS 9.

According to the developer, changes according to the IFRS 9 standards in the QBIS system will allow to implement the mechanisms providing processes:

• initial recognition of financial instruments - financial assets and financial liabilities (i.e. deposits FL, the credits of YUL and FL, deposits SPINNING TOPS, guarantees, the rights of the requirements, bills of exchange considered and own, etc.);
• their classifications by cost determination methods – at the depreciated cost (AM), at fair value through a profit or loss (the CC PU), at fair value through an other total return (the CC design and estimate documentation);
• the subsequent assessment of financial instruments depending on the selected method;
• reflections on accounts of accounting of the corresponding postings on income and expenses (adjusting entries).

According to the statement of the developer, updating of the QBIS software products under the IFRS 9 standards will allow clients of BIS company timely and in full to fulfill the requirements of the regulator and to provide preparation of accounting and the reporting according to standards of processing of financial information. Also specialists of "large-scale integrated circuit" managed to save the high performance of all processes, and adaptation of software products under IFRS 9 will not affect the speed of system operation of IBS of QBIS and customer service quality of banks in any way, the developer claims.

QBIS 2018 components

For October, 2018 are a part of a product family of QBIS:

• QBIS.Bank — the modern core banking system allowing to automate an operating, accounting and management activity of bank and to optimize the operational model selected by credit institution.
• QBIS.Reporting is the automated system of the reporting working according to the Russian and international standards.
• QBIS.Loan is a uniform software package for the automation of activity of all divisions of bank or financial company connected with formation and service of the loan portfolio.
• QBIS.Clearing is the software product providing interaction between the intra banking accounting systems and external settlement networks (settlement network of the Bank of Russia, Sberbank of the Russian Federation, commercial banks, systems the client bank, etc.).
• QBIS.Clients is the software product providing a uniform source of qualitative customer information of bank and allowing to collect the approved and enriched data on clients by means of integration services which process large volumes of information from different applications in real time or in batch mode.
• QBIS.Online is the system of remote banking, the solution for the round-the-clock providing physical (QBIS.Online the Private client) and legal (QBIS.Online Corporate client) to persons of banking services on the Internet.
• QBIS.Portal is the relevant solution allowing to organize work of employees of the bank, financial company and service of their clients according to the principle of "single window" on the basis of a ready set of components.
• QBIS.BPM is a set of software products for business process management optimization.

2010: QBIS components

For August, 2010 principal components of the solution are QBIS.Clients, QBIS.Clearing, solutions BPM on the Lombardi platform (IBM) QBIS.Bank.