R-Style Softlab automated work with deposits of clients in Noosfera bank

On February 20, 2019 the R-Style Softlab company reported that together with JSB Noosfera (JSC) completed the project on implementation of a software package for automation of retail banking of RS-Retail v. 5.5. Using the implemented solution in bank work with deposits of citizens and deposits of legal entities according to IFRS 9 is carried out.

Along with support of the international standard of accounting and reporting the industrial IT system which succeeded earlier used solution will allow credit institution to expand significantly opportunities for supplementary transactions and will provide fast setup and an output to the market of additional banking products. And thanks to seamless integration with the core banking system RS-Bank v. 5.5, which is used in bank since 2003, the bank will have an opportunity to develop and increase functionality of systems in a unified environment.

We accepted the solution to pass to an industrial system, in particular, because of existence of functionality in it according to IFRS. But there were also other reasons. We wanted to get rid of the costs and risks connected with manual completion of a former back office therefore replaced it with the convenient tool allowing with the minimum labor costs and terms to expand a product line. Konstantin Yuryevich Krivoruchenko, chairman of the board of JSB NOOSFERA (JSC)

During implementation the project team expanded the functionality of RS-Bank v used by bank. 5.5 RS-Retail v tools. 5.5, configured all products necessary for bank on deposits of legal entities and household deposits and also using specially developed converters transferred to it all data from a donor system.