Sberbank Europe AG is a banking group based in Vienna with a strong position in the European financial market. It operates on 9 markets in Central and Eastern Europe: Austria, Bosnia and Herzegovina (Sarajevo and Banja Luka), Croatia, the Czech Republic, Hungary, Slovenia, Serbia, Ukraine and Germany. The bank has a total of 232 branches and employs approximately 4,300 people in the region. Sberbank Europe AG is a subsidiary of Sberbank Russia, the largest bank in Russia and a leading global financial institution. It has about 140 million individual clients and 1.4 million corporate clients. Sberbank Europe AG is one of the largest banks in Europe, providing services to exceptionally demanding customers. This means that the quality of the services offered by the company must be at the highest level. When Sberbank Europe AG decided to expand its product portfolio by new types of treasury transactions, it needed a flexible and effective solution that would ensure automation of processes and integration with other systems operating in the bank; therefore, in March 2017 it signed with Asseco Poland an agreement for implementation and launch of Asseco TR, which was an important step in strengthening the Asseco Group’s international position in the banking sector.
The objective of the project was to implement Asse- co TR, which would adjust the functionality of treasury transactions to the bank’s requirements, increase the level of automation of the executed agreements (in the interbank market and with the bank’s customers), and integrate with external systems:
- Core Banking (authorization and clearing of payments through client accounts, synchronization of CIF data),
- General Ledger (export of accounting entries to the general ledger system),
- Murex (import of transaction data and market data),
- Terminal Reuters (import of market data),
- Data Warehouse (export of transaction data to the data warehouse),
- SWIFT terminal (handling of SWIFT confirmation messages, handling of SWIFT/ TARGET2 payments).
The first stage of the project was the analysis of the bank’s requirements and the development of a detailed concept for the implementation of the system. On this basis, a set of documents was created that described precisely the assumptions of planned activities and the manner of implementation of particular processes. They defined both the manner of implementation of par- ticular functionalities and the interfaces that Asseco’s experts were to create for the system’s environment.
These included:
- automatic treasury transaction processing (STP),
- import of interbank transactions from the dealer system,
- handling of provisions and transaction valuation,
- handling of payments and transaction confirmations,
- automatic clearing of customer transactions in the core banking system,
- full accounting records of transactions in the general ledger system,
- export of data to the data warehouse system,
- online reporting of treasury transaction data.
Individual functionalities were successively made avail- able to future users of the system, owing to which they could learn the operation of the solution and test its operation it. In parallel to the functional verification, an on-going verification of the migrated data was carried out. Finally, together with the bank, Asseco carried out a production implementation which required synchro- nization of work with the entire IT environment of the solution and coordination of activities of suppliers from several countries.
The first joint project of Asseco and Sberbank Europe AG went smoothly and according to the plan. The implemen- tation of Asseco TR was carried out by qualified specialists of Asseco, who responded to the customer’s needs and suggestions on an ongoing basis in order to adjust the system to the unique requirements of the bank in the best pos- sible way. Efficient implementation of the solution enabled the users to use Asseco TR within 8 months of signing the agreement. The system was launched in November 2017.
Architecture of the solution:
Key benefits.
- Support for new types of treasury transactions.
- Full accounting support for treasury transactions.
- Automatic handling of confirmations, payment.
- Centralization of treasury transactions processing, access to a complete set of information in one system.
- Readiness to process higher volume of treasury transactions.
- Improved UX of desktop of Bank System Operator in the area of back office transaction processing, including reporting and data correctness control.
- High level of operational security and lower risk of errors related to manual entry of transactions’ data.
