ARBES OBS Core

The ARBES OBS Core module is the main building block providing the functionality for accounts, transactions and the audit trail. The module defines the core data structures used by all other modules.
The core module is required in all implementation scenarios except when a bank wants to use its own legacy system and use just the ARBES OBS Internet Banking and ARBES OBS Mobile Banking modules.

Account Administration

ARBES OBS administers all types of accounts (current, corporate, deposit, loan, escrow, fiduciary, internal, G/L and others), all with multi-currency behavior.

The key features are:

Multi-currency support
Complex manipulation patterns
Multiple interest and fee schedules
Automated notifications
History of balances
Controlled limits for overdrafts
Available funds
Configurable attributes (segmentation, etc.)
Support for KYC procedures
Consolidated statements

Transactions

ARBES OBS automatically processes transactions originated by the bank staff, clients over the direct communication channels and by the system itself (fees, interests, deposit, loan maturity, etc.). Processing is launched periodically in configurable intervals.

Key Features:

Real-time processing
Automated currency conversions
Standing orders
Complex charge and fee structures
Full processing history
Automatically generated and distributed notifications
Visual and functional support for reconciliation, backdating, canceling, forwarding
Automated accounting to G/L
Electronic communication with other banks (SWIFT, etc.)
Custom-tailored reports

Batch Processing

ARBES OBS Core can be configured to ensure maximum automation of a standard set of retail banking transactions. The transactions can be initiated manually or automatically.

The following are the main areas to which automation can be applied:

EOD, EOW, EOM, EOY operations
Interest and fee processing
Accounting of interest adjustment
Account closing
Statement generation

Audit Trail

The system logs all activities for the purposes of audit and management information reporting.

The system automatically keeps track of all operations and changes made by bank staff, clients and batch processes over any communication channel
It is possible to recreate any historical information as it was at any specified time in the past
Records in the trail can be periodically and automatically scanned for system
inefficiencies, errors in processing or for suspicious staff or client activities.

System Administration

ARBES OBS is a modern scalable and parameter-driven system which can be customized in many ways. The products and their behavior are not hard coded but rather driven by parameters. The system administration allows for the definition of all parameters and the introduction of new products and services, new fee and interest structures, new languages, currencies, etc., all in a secure and user friendly environment.

Parameterization

User management - the users can be assigned to roles; access rights for more than 100 system-provided operations can be derived from the roles or assigned on an individual basis.
Free attribute management - for documents, accounts, persons, orders and transactions
- Free attribute management provides a mechanism for adding an implementation-specific attribute. Attributes can be implemented only by the system supplier.
- Defined free attributes for Person
Lookup list management
- A lookup list is a list of defined values for a particular set of records, e.g. Currency list, Country list, etc.
Parameter management
Client customization - the system can be customized in many ways depending on national localizations and personal preferences.