Recently CS Company has fulfilled the projeсt of the Securities Module implementation in Raiffeisen Bank.
Raiffeisen Bank’s plans to increase the number of operations with securities became a ground for improvement of their accounting process.
Earlier the deals accounting was performed in the front-office system – TrustDealSecurities, which enabled the performance of the treasury operations from the time the agreements were concluded until their transfer to the bank’s back-office system and their accounting was conducted manually.
In order to minimize the human factor impact and provide the automation support of the operations with securities the bank’s treasury back-office initiated the project of the TrustDealSecurities front-office system integration with the CBS B2 module – Securities.
Securities module was developed for the active involvement of investors and work on the stock market. Among its features that are used by the bank can be identified:
As a result, deals with the securities conducted in the front-office system TrustDealSecurities, automatically fall to the back-office where they are being accounted: automatic documents generation for the securities accounting, automatic reconciliation of the front- and back-office systems and reporting generation for the regulator.
Volodymyr Lapa, Head of the CS Office in Kyiv:
«Despite all the nowadays difficulties bank business continues to grow. Recently we have successfully implemented the project in Raiffeisen Bank which aim was to automate the work of the treasury back-office employees with securities operations. Projects implementation enabled the bank to reduce operational risks connected with the manual input, to make the work with securities easier and to increase the bandwidth of the back-office».
Tetiana Hryn, Head of the back-office department, Raiffeisen Bank:
“The aim of the Securities module implementation in Raiffeisen Bank was the increase of the back-office bandwidth in 10 times without hiring new staff. The goals set were successfully reached within this project.
Apart from the Securities Module implementation some other interesting features introduced:
- Integration with TrustDealSecurities was performed not with the help of the DB-link, but according to the bank's requirements with a use of Kafka.
- Within the Securities Module the extended electronic signature with a timestamp according to the CAdES-X Long standard was implemented.
- Bank migrated the Securities portfolio from the one operational system to another during the weekend.
We are grateful to the CS Company for the efficient cooperation during the implementation project:
- Volodymyr Lapa – head of the CS Kyiv Office – for the quick start of the project and the client-oriented management;
- Kateryna Slastikova – CS analyst for the qualitative analytics and testing, for teaching the back-office employees to work with a Securities module and for becoming friends with the Raif team;
- CS developers – Oleksand Morozov, Igor Lunyov and other members of the big CS Team who participated in the project”.
(all fields are required)
We will be in touch shortly to continue the conversation.
Thank you for your interest!