ARBES Technologies, a leading Czech supplier of software solutions for banking and capital markets, has successfully completed the implementation of the ARBES TOPAS system for the depository unit of UniCredit Bank. The project, which began in 2021, marked a major modernization of processes and a significant streamlining of operations in the area of funds management.
TOPAS was selected as the winner of the tender selection process due to its long-standing expertise in the capital markets and its ability to respond to specific client needs. "We selected ARBES Technologies based on their expertise and experience, which proved to be key to the success of this project," explained Jan Ryšlink of UniCredit Bank.
Key project milestones
In October 2023, the full version of the ARBES TOPAS system was deployed into a test environment where testing of all functionalities began. Pilot operations were launched in March 2024. Based on the test results, a decision was made to migrate funds from the old system in several waves to minimize operational risks.
Main advantages of the implementation
The ARBES TOAPS system from ARBES Technologies has brought a number of benefits that have advanced UniCredit Bank's digitalization efforts, including automatic matching of payments to individual fund transactions; faster processing of dividend claims and other operations; and flexibility in data import that has reduced processing time and manual work, thereby reducing errors.
With its flexible TOPAS platform, ARBES Technologies enabled UniCredit Bank to modernize its processes and strengthen its position on the market. "Our goal was to provide UniCredit with a solution that is flexible, reliable and ready for future capital markets challenges," added Petr Červenka, Capital Markets Solutions Manager at ARBES Technologies.