Core Banking System

• The function of the Entity Information Facility module is to maintain details of all entities (legal entities and individuals) that may be customers, counterparties, employees and persons performing other roles in the system. The system employs a customer-centric approach with all accounts and contracts linked to respective customers /counterparties
• The function of the optional Related Parties sub-module is to manage data for customers / counterparties that are related to other customers / counterparties. The module also supports managing information pertaining to persons related to the Bank or associated with the Bank through a special relationship.

• The function of the Current Account Services Transactions module is to process transactions pertaining to the provision of current account services to bank customers. Transactions both in local currency and foreign currencies are supported.
• The function of the Payroll Disbursement Schemes module is to manage contracts with legal entities for disbursement or crediting of payroll due to their employees
• The purpose of the Safe Locker Service module is to automate the user bank’s activities in providing safe locker services to individuals and legal entities.

The following non-account based transactions are supported:

• currency exchange operations
• buying / selling of travelers cheques
• exchange of banknotes and coins
• acceptance of banknotes for expert examination / equivalent disbursement
• acceptance of foreign exchange for collection / disbursement under collection
• transactions with precious metals and gems
• bill / payment collection
• fund transfers

The function of the Correspondent Relations module is to maintain:

• contracts with clearing system participants: the Central (National) Bank and correspondent banks (local and foreign);
• information with regard to correspondent links among clearing system participants;

The Payment System / Local Clearing module facilitates maintenance of information with regard to payment systems in which the user bank is a clearing participant:

• intra-bank (inter-branch) settlemnt systems; 
• national payment systems, including clearing and instant payment ones;
• payment systems that support direct correspondent relations with resident banks;
• international payment systems with correspondent banks interacting over SWIFT communication channel.

The International Funds Transfer module facilitates processing of international settlements over SWIFT and TELEX communication channels.

• The Guarantees module supports issued and accepted guarantees. 
• The Letters of Credit module supports processing of financial documents for export and import LCs of the bank’s customers.
• The function of the Collections module is to enable the user bank to act as an intermediary agent between importers and exporters facilitating transfer of commercial documents against acceptance and / or payment

• The Regulatory Reporting module supports production of regulatory reports governed by regulation documents of the supervisory bodies. 
• The Anti Money Laundering module is fully integrated with all the system modules which support client servicing and bank’s own operations subject to controls for purposes of anti-money laundering and financing of terrorism prevention.
• The function of the Foreign Exchange Controls module is to document operations involved in the financial institution performing the functions of a forex controls agent for operations undertaken by customers, as well as for the institution’s own operations.
• The function of the Market Risks module is to asses and monitor funding, forex and interest rate risks.
• The Operational Risks module is intended for management of information pertaining to detection, assessment and monitoring of operational risk.
• The module offers a separate solution designed to automate tax accounting for the Bank’s financial and business activities, preparation of tax accounting registers for taxable objects and computation of tax reporting indicators.
• The function of the Cash Register Fiscalization module is to support collection, browsing and printing out of data on performed operations that are subject to recording in the fiscal memory of various devices (including cash registers).

The Deposits suite of modules supports creation and management of an unlimited range of deposit products for individuals and for legal entities.

The modules support the following deposit types:

• Term deposits
• Guarantee deposits
• Demand deposits
• Escrow deposits