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OBS Installation at Penezni dum

April 2, 2008
Successful implementation of Banking System ARBES OBS at the savings association Penezni dum in April 2008
The ARBES OBS solution for Czech-based Penezni dum consists of the back-office application for operators as well as the front-office client application. The Internet application provides clients (members of the association) with access to their financial products via a standard browser. The service is similar to those typically provided by large banking institutions.
The ARBES OBS system provides a solution for the full agendas of current accounts, loans and term deposits. The system also enables communication with the clearing institution of the Czech National Bank. Major emphasis is placed on reporting; the delivery includes a set of reports for the continuous monitoring of operational indicators as well as for the purposes of mandatory reporting. Penezni dum has been active on the Czech market since 1996. The company’s decision to acquire ARBES OBS was based on its requirements for a high level of security, extensive parameterization options and a wide range of modules available to clients.

The long-term and extensive experience ARBES has with implementations of on-line banking systems for leading banking institutions played a major role in Penezni dum's decision.