R-Style Softlab automated for RNKB of transaction with own bills of exchange

2020

Automation of transactions with own bills of exchange

R-Style Softlab and RNKB bank completed the project on automation of transactions with own bills of exchange of bank. Announced this R-Style Softlab on September 9, 2020. The IT company implemented the boxed solution "Bills of Exchange of Bank" from a line of modules of the software package RS-Securities V.6 for optimization of banking activity in financial markets.

Using this module RNKB will be able to keep in the automatic mode account and data storage according to own bills of exchange and also to prepare the consolidated regulated reporting under transactions with the bills of exchange issued by bank.

In a project deliverable with R-Style Softlab of RNKB increased the processing speed of operations with own bills of exchange and also increased convenience and quality of formation of the regulated reporting regarding bills of exchange, using data only of the boxed module 'Bills of Exchange of Bank' from a line of the solutions RS-Securities V.6 without the need for the addressing the core banking system — the Board member of RNKB Alexander Titov noted. — Besides, at implementation of the module 'Bills of Exchange of Bank' there was an advanced functionality on export of data from RS-Securities V.6 to the core banking system and also the possibility of mass generation of postings and calculation of the amounts for bills of exchange appeared.

RNKB once again could estimate advantages of shrink-wrapped software products from a line of RS-Securities V.6 — the bank already uses the module 'Own Bonds' — Rinat Karimov, the deputy CEO of R-Style Softlab, the director of the department of banking software of RS-Bank reported. — Distributive implementation of accounting within the boxed module 'Bills of Exchange of Bank' practically always suits our clients, and in this project it completely matched account policy of RNKB. 'Set a distribution kit and work!' is a motto of all shrink-wrapped software products thanks to what our clients manage to implement products with the minimum labor costs.

Automation of transactions with the issued bonds

R-Style Softlab and RNKB bank completed the project on automation of transactions with the securities emitted by bank. The IT company implemented in bank the boxed solution "Own Bonds" in addition to already installed modules from a line of the software package RS-Securities V.6 for optimization of banking activity in financial markets. On June 23, 2020 the R-Style Softlab company reported about it.

Additional functions will allow RNKB to automate import of exchange information with results of biddings at the Moscow and St. Petersburg exchanges, formation of postings of back office, accounting and depository accounting on transactions, formation of the documents connected with placement and service of the issued bonds, calculation of an effective interest rate, depreciated cost and value adjustment of financial instruments.

RNKB bank already uses modules from a line of the solutions RS-Securities V.6 for automation of work of a back office in the stock market — the vice president — the director of the department of operational support and purchasing activity of RNKB Alexander Titov noted. — Thanks to implementation of the box version we received the solution plug&play allowing to begin to keep the automated account of the issued bonds in RS-Securities practically right after their placement.

RNKB among our first clients estimated advantages of the module "Own Bonds" which in a complex with "A back office of transactions with securities" is the tool for automation of work with any kinds of issued securities — Rinat Karimov, the deputy CEO of R-Style Softlab, the director of the department of banking software of RS-Bank reported. — Having implemented the box version of the software package RS-Securities V.6, financial institution could be convinced in practice that to automate such difficult direction as accounting and processing of transactions with own emitted securities, it is possible quickly and with the minimum labor costs.

2018: Automation of transactions with securities

On October 3, 2018 the R-Style Softlab company reported that it automated work with securities in RNKB Bank.

According to the company, RNKB Bank brought into operation the software package RS-Securities V.6 for automation of functions of a back office on maintenance of transactions in financial markets. The solution covers transactions with securities, depository service, tax accounting of own transactions and the PIT under agreements of broker service.

Installation of an industrial system for automation of activity in financial markets will allow bank to participate more actively in biddings, to increase volumes of dealer and broker transactions.

Automation of transactions with securities contributes to the active development and expansion of business of RNKB in stock and exchange financial markets. Now using the RS-Securities V.6 system in bank maintenance of transactions with securities, depository service, tax accounting of own transactions and the PIT under agreements of broker service is performed. Alexander Titov, vice president of RNKB