The solutions of the OBS Banking Engine are as individual as the needs of your customers. With OBS, all processes such as payments, loans, foreign exchange and securities transactions, including tax requirements, can be tailored to the needs of customers and the requirements of partners and regulators. Above all, however, OBS makes it easy to automate processes — even with large volumes. This increases efficiency and minimizes errors. With our OBS modules, we precisely map the requirements for banks of all sizes and degrees of specialisation: Private banking, asset servicing, private and public banks, specialist banks and major banks with OBS benefit from transparent processes, highly efficient back-office applications and an open service-oriented architecture. OBS is a complete banking package that can be used as an integrated solution or in individual modules. The modules represent self-contained solutions that communicate over interfaces with each other or with other systems — therefore only the required modules have to be implemented.
More than any other banking business, trading in securities and derivatives depends on networking and automation. Securities and derivatives Master data and information on administrative actions (income, corporate actions, etc.) as well as price data must be integrated and available in real time. Orders from the bank’s own advisory services and from third-party systems must be processed in real time and forwarded to trading partners. This requires interfaces to stock exchanges, brokers, trading platforms and depositories as well as to all relevant internal systems, including accounting, reporting and foreign exchange trading. The OBS WPS module maps the entire complex world of trading in securities and derivatives and is open to all market participants.
Speed is crucial. Securities trading relies on continuously modeled processes in the routing of orders and the connection of relevant stock exchanges. This requires open interfaces, highly automated trading and settlement processes and appropriate reporting. OBS provides different views and authorizations for all persons involved in the process, be it in-house investment advisors and portfolio managers, external portfolio managers and asset managers as well as for customers. This means that everyone has exactly the insight they need for their work.
In addition, the regulatory requirements, e.g. from MIFIDII, are fully mapped.
Country-specific tax laws, different tax types, double taxation agreements and reporting obligations: Tax regulations are complex and cause a great deal of effort in banking transactions. With the OBS-TAX Engine we map all relevant tax issues and automate them. The German tax module in particular is characterized by a wide range of functions: From the final withholding tax to sales proceeds, income, corporate actions to optimization and reporting, the module covers all tax-related requirements. OBS determines the tax types on the basis of the information from the transactions, determines the tax rates and calculates the tax amounts from this. In addition, country-specific features are taken into account in the following countries: Belgium, Luxembourg, Austria, England, the Netherlands and Switzerland, the US Witholding Tax (QI1 and QI2) and the FTT financial transaction tax. Thanks to its open interfaces, the OBS-TAX Engine can also be easily connected to your existing systems.
The most liquid market in the world requires a fast and transparent trading system that integrates position data in real time, provides on-site advice and supports settlement largely automatically. This is exactly what the OBS-GDH module does. It takes into account the special needs of money and foreign exchange trading in advice, management and settlement. Risks can also be monitored and controlled by comparing counterparty and trading limits and analyzing them using Value at Risk. The module comprises all money market and foreign exchange transactions, options, swaps and precious metals transactions. With a freely configurable derivative construction kit, the administration of further products can also be added quickly.
External data from SWIFT, Reuters and other trading platforms such as 360T are automatically integrated. Transactions can be entered directly in the branch or during investment advice. The prices are displayed in real time via a proprietary quote engine.
Digitisation and regulation are the driving forces behind lending. Customers benefit from automated processes, fast decisions and financing alternatives. At the same time, the costs for regulatory requirements are growing. New credit standards for dealing with equity and liquidity require adjustments to IT systems.
Thanks to its diverse open interfaces, OBS masters the interaction with market participants and partners and creates the basis for digital innovations. A high degree of automation — for example when monitoring credit risks and processing due payments — simplifies processes considerably. OBS shows its strengths when it becomes complex. The system can handle syndicated and multi-currency loan transactions. You can also offer your customers comprehensive support and advice at any time: Real-time exchange with payment, foreign exchange and securities systems means you always have an overview. The credit processes are mapped end-to-end: From credit application and credit processing to monitoring and internal limit management.
At the same time, the regulatory requirements are optimally mapped in the system. Of course, the module also provides the data for the reporting system according to Basel II and AnaCredit. The regulatory framework gives you security when structuring processes and processing loans.
Customer and nostro accounts can be conveniently managed with the OBS-KKT module. You can control, manage and monitor all dispositions in real time. Numerous queries ensure maximum transparency, for example:
- Balance queries (book, value date, submitter balance)
— Historical balances
— Predicted future balances
— Sales queries according to various criteria such as posting date, value date, sales type, amount, etc.
Various conditions can be flexibly stored in the system. All conceivable interest rates, fees and commissions can be combined, i.e. saved as standard or individual conditions. You can make these settings either individually for each account, for account groups, or as a global change (for example, by a certain percentage). Account balancing is performed automatically, periodically or in real time by the user. It is possible to transfer account balancing to different accounts as well as to compensate accounts.
Account statements from OBS-KKT are created both daily and periodically, and in addition to paper, PDF and email, standards such as SWIFT and HBCI are also supported. New turnover notifications can be generated as push messages or, for example, via SWIFT MT942. In addition to data from OBS-KKT and OBS-ZAV, fee transparency in accordance with the Payment Accoungs Act also integrates external providers, e.g. of credit cards.
Successful private banking and asset management depends on the trust of their clients. It is more important than ever to offer clients the right advisory services: Whether in direct discussions with customers or via smartphone, Robo Advisor or portfolio manager, from your own banking module or via a third-party provider. OBS plays confidently on all channels and supports client advisors and asset managers in their work in the best possible way. It provides a real-time overview of all positions, lines and risks. Individual investment strategies can thus also be effectively implemented. OBS-PMS supports collective orders and the automatic rebalancing of portfolios as well as individual orders. Both individual and strategy-based restrictions are taken into account. Benchmarks and sample portfolios flow into both reporting and portfolio monitoring. Freely definable views and analysis tools can be used for individual portfolios or entire portfolio groups as well as for individual customer quantities. OBS-PMS is fully integrated into OBS, but the open architecture allows the integration of additional tools at any time.
OBS provides customers and portfolio managers with detailed reports and evaluations, such as asset reports, transaction reports, performance and risk indicators. The system thus provides you with an overview and control in real time.
As different as the transactions of banks are, so individual are the requirements to the booking system. As a multi-currency system, the OBS-REW module offers maximum flexibility. The accounts and ledger can be set up individually. The corresponding order books (subledgers) can be managed for a general ledger; these subledgers are automatically reconciled with the general ledger. The basic functions include foreign currency valuation, the possibility of adjustment postings in old periods, the processing of accrual postings and year-end closing postings.
In addition, OBS-REW generates meaningful balance sheets and evaluations. OBS-REW can also be used to consolidate several clients in one consolidated balance sheet.
In each posting, OBS-REW transports a cost center, the project key, the link to the original product and to the original portfolio. This means that all information is available for transfer to a controlling system.
Paying has become easier and more diverse for customers today. More and more payment processes are virtualized and triggered by mobile devices. New specifications such as PSD2 allow third-party providers to access bank data. Procedures such as instant payments with real-time transfers around the clock are also changing payment processes.
This poses major challenges for banks. They have to serve a rapidly growing number of interfaces, introduce real-time procedures and comply with legal requirements — for example in risk and liquidity management.
In view of the multitude of processes and the large number of business partners, clearing houses and regulators, open standards and clear processes are essential. The payment transactions module OBS-ZAV offers the best basis for national and international payment transactions: real-time execution, historical data and automatic integration of payment orders via SEPA, SWIFT and other clearing systems. The processes for all common forms of payment are consistently automated and country-specific functions are implemented.
Of course, the technical requirements of PSDII are also mapped via the open interfaces of OBS-ZAV.
The financial sector is one of the most heavily regulated sectors of our economy. Banks have to report regularly — daily and sometimes even in near real time — on their business operations. This is an enormous effort, which is not feasible without automation and powerful software.
This is exactly what the OBS-REP module does in two areas: statistical reporting and transaction reporting.
- For the statistical reports (Bista, status etc.) the data from OBS is collected and transferred to a reporting system (in Germany BAIS and ABACUS).
- For transaction reporting (EMIR, MIFIR, and in future also CSDR), the transactions are stored in a separate database and transferred directly to the central registers. From there, the execution or error messages are received.