Digital
Banking

  • Digital Front Office *

    Ensure effective delivery of services via branches with streamlined retail business processes, advanced CRM capabilities and the 360° customer view. Speed up your teller operations, improve your branch performance and explore new cross-sell opportunities.

    *Branch Delivery System
  • Digital Loan Origination

    Streamline each step of your loan origination process: from borrower consultancy to automated customer scoring, underwriting and decision-making. Ensure fast and risk-free loan disbursement and support all types of loan products.

  • Digital Channels

    Leverage our digital technology to offer your customers sophisticated Internet and Mobile Banking solutions. Deliver the best customer experience with intuitive interfaces, the broadest range of modern functions and enhanced security.

01

DIGITAL Q
Platform

Customer Journey
24\7

Go digital with our innovative platform for development of modern digital environments and digital transformation of financial institutions. This process-centric system provides effective support for customer-facing functions with real-time omni-channel access to services and advanced tools for creation of enhanced customer experience.



Download the platform overview
  • need

    offer

    individual
  • interest

    checking rates

    quicks
  • analysis

    choise of the product

    easy
  • action

    submisson of the application

    focused
  • result

    loan disbursement

    personal
swipe

Business
Solutions

  • Risk&Compliance

    Protect your company’s business reputation and ensure compiance with local and international regulations.

  • Public Services

    Ensure easy acess to digital public services, public information and national e-goverment portals.

  • Customer Screening

    Mitigate your reputational risks by screening your customers against world-leading watch lists (UN, OFAC, Dow Jones, etc.)

    Learn more
  • AML

    Secure your business with sophisticated AML and CTF processes.

  • Digital Onboarding

    Simplify access to your products and services and improve your customer engagement with real-time customer onboarding and screening.

01

Services
& Ideas

We Are Committed to Your Success

Transform your business with the well through digitalization roadmap, real practices and the best global approaches to the digital architecture.

Learn how to successfully implement your business ideas with our expertise and quality consultancy services, leveraged by effective cooperation with your business units and third-party consultancy agencies. Make sure our solution perfectly meets your individual needs and requirements in a POC / POT project.

Get involved throughout the whole development process and ensure faster project implementation and flexibility through Joint Applications Development. Enjoy benefits of the effective Production-as-a-Product approach (PaaP) that combines engineering practices, processes and methodology.

Discover strategic trends, best practices, real experience and advanced technologies that are shaping the future of the banking business in a face-to-face discussion with experts in banking digitalization and business transformation.

Integrate into the Digital Economy and change the way you communicate with your customers leveraging on the cutting-edge digital technology. Expand your business through integration into digital banking ecosystems, partnership with fintech companies and development of your own marketplaces with our ready-to-use APIs and API Management solution.

Enjoy benefits of fine-grained loosely coupled microservices for better scalability, independence and manageability of business functions. Bring your business ideas to life as quickly as possible and reduce your time to market with the ability to release new functions faster and more frequently.

Industry
Solutions

  • Banking

    Boost your business with our customer-centric digital solutions and next-generation core banking system. Our solutions for Retail, Corporate, SMB and Universal Banking cover all areas of business and provide a reliable technology for digital transformation and improved customer experience.

  • Microfinance

    Save your time and resources for automation of your microfinance business and focus on financial support of your customers with our end-to-end solutions for support of your loan origination and customer servicing processes.

  • Treasury and Capital Markets

    Use the best practices and cutting-edge solutions to effectively manage your company’s funds and investment activities.

  • Insurance

    Entrust us to support your General Insurance, Life Insurance, and Re-Insurance business with our state-of-the-art technology ensuring high-level customer servicing, agent and partner management, claims processing, policy and product management, billing, financial control, and business intelligence.

01/ 04

Accolades
and Featured News

  • DIASOFT ACHIEVES RED HAT CONTAINER CERTIFICATION FOR DIGITAL SOLUTIONS WITH MICROSERVICE ARCHITECTURE

    Diasoft, the software company listed in the TOP100 global fintech vendors by IDC, today announced it has achieved Red Hat Container Certification. The certification confirms that Diasoft’s application container images are built and certified using Red Hat Universal Base Image (UBI), assuring customers that container applications are supported on the world’s leading enterprise Linux platform, Red Hat Enterprise Linux (RHEL).

    Read More
  • SME BANK IMPLEMENTED DIASOFT DIGITAL Q.REPORTING TO EFFECTIVELY SUPPORT ITS REGULATORY REPORTING

    Diasoft and SME Bank, a Russian bank for support of small and medium-sized enterprises, have successfully implemented a large-scale project for full automation of the Bank’s regulatory reporting based on Diasoft’s Digital Q.Reporting platform.

    Read More
  • DIASOFT HELPS BUSINESSES TO CENTRALIZE PRODUCT MANAGEMENT WITH THE FLEXIBLE PRODUCT CATALOG

    Diasoft helps businesses from different industries to create a single product catalog repository and centralize management of all their product data and rates based on its unique Digital Q.ProductCatalog. The solution is part of the digital transformation ecosystem promoted by Diasoft. It provides a single catalog of rates, a flexible universal rate schedule engine, and rate calculation rules for parametrization of complex calculation algorithms.

    Read More
  • SOVCOMBANK TRANSFORMS ITS INVESTMENT BUSINESS BASED ON DIGITAL Q.FINANCIALMARKETS PLATFORM BY DIASOFT

    Sovcombank and Diasoft implement a large-scale multi-stage project for the migration of the bank’s financial markets operations to the modern Digital Q.FinancialMarkets platform. The platform comprises a large number of ready-to-use functional components based on the microservice architecture. The platform will allow Sovcombank to support it strategic plans for the significant growth of its financial markets business and ensure quick time-to-market for new products and LOBs.

    Read More
  • FORA-BANK CONNECTED TO THE FINANCIAL SERVICES MARKETPLACE WITH DIASOFT’S MARKETPLACE MANAGEMENT SOLUTION

    Diasoft and Fora-Bank announced that the bank has been successfully connected to the marketplace of personal financial services – Finservices Marketplace – managed by the Moscow Exchange (MOEX). Deposit products of Fora-Bank are now available at finuslugi.ru in the personal area of the marketplace web portal.

    Read More
  • AK BARS BANK IMPROVED ITS OPERATIONAL EFFICIENCY WITH ROBOTIZED BUSINESS PROCESSES BY DIASOFT

    Ak Bars Bank, the base bank of the Republic of Tatarstan, together with Diasoft, has completed the project for implementation of robotized business processes for interbank conversion transactions. Earlier, the bank already implemented RPA for conversion transactions in the exchange-traded market, banknote transactions, interbank loans, and calculation of IFRS 9 ratios.

    Read More
  • DIASOFT SUPPORTED ROSBANK, PART OF THE SOCIETE GENERALE GROUP, IN THE PROJECT FOR THE LAUNCH OF THE ROSBANK AUTO BRANCH

    Earlier this year, Rosbank completed a merger with Rusfinance Bank, one of the leaders of the Russian car loan market. The reorganization resulted in the establishment of a new branch – Rosbank Auto – providing a full range of auto lending services, leasing products, car trading and long-term car rental together with traditional banking products. Diasoft ensured integration of the new branch with the bank’s head office and other branches and supported exchange of payments, centralized document workflow and balance conversion.

    Read More
  • DIASOFT NAMED A TOP-TIER BANKING PLATFORM VENDOR IN EUROPE

    Diasoft, a global provider of software solutions for the financial services industry, was featured in Forrester’s report "Use the Pandemic’s Market Impact to Improve the ROI of Digital Transformation" based on the results from Forrester’s Global Banking Platform Deals Survey 2021. This year, Diasoft has been named a top-tier banking platform vendor in Europe and is rated 6 in the list of 34 global market leaders by the total number of banking platform deals concluded in 2020. The company has also proven its strong position in the market as a Solid Cross-Seller and has hit TOP5 by the number of extended deals.

    Read More
  • DIASOFT IMPLEMENTED A CHATBOT INTO ITS BI AND REPORTING PLATFORM

    Integration of the chatbot function into the Digital Q.Reporting Platform allows users to communicate with the virtual online consultant via messengers in the real time, 24/7.

    Read More
  • DIASOFT’S CUSTOMER SCREENING TOOLS HELP BANKS TO MITIGATE THEIR REPUTATION RISKS

    Diasoft has launched the updated Digital Q Customer Screening solution built on the microservice architecture. The solution ensures automatic online screening of all transactions, customers and counterparties of a financial institution, helping it to mitigate reputational risks associated with suspicious transactions and customers.

    Read More
  • SME BANK COMPLETES IT TRANSFORMATION OF ITS ACCOUNTING SYSTEMS WITH DIASOFT’S ERP SOLUTION

    Diasoft and SME Bank, a Russian bank for support of small and medium-sized enterprises, have successfully implemented a large-scale project for automation of the Bank’s budgeting business processes based on Diasoft’s Digital Q ERP Solutions. With the new solution, SME Bank has completed IT transformation of its business accounting systems.

    Read More
  • SOGLASIE, A LARGE RUSSIAN INSURER, IMPLEMENTED DIASOFT REPORT & PRINT FORM DESIGNER

    Diasoft and Soglasie, one of the leading insurance companies in Russia, have completed implementation of Diasoft Print Form Designer – a modern solution based on Diasoft’s Insurance Solutions Business Platform. With this solution, the insurer is now able to create its own print forms of any complexity and purpose without involvement of the vendor. These can be reports, contracts with pre-population of contract parties’ details, guarantees, official letters, commercial proposals, policies, memos, and any other forms.

    Read More
  • DOM.RF Bank and Diasoft Named Finalists of the Prestigious Banking Technology Awards 2020

    DOM.RF Bank has been shortlisted as a finalist of the prestigious international Banking Tech Awards 2020 in the category “The Best Digital Initiative”. The Bank nominated a large-scale project for implementation of its own digital IT Platform based on the Digital Backbone concept, which is aimed to move the Bank’s housing finance and mortgage services to the fully digital environment.

    Read More
  • DOM.RF BANK CONNECTED TO THE MOSCOW EXCHANGE FINANCIAL MARKETPLACE WITH DIASOFT’S SOLUTION

    Diasoft and DOM.RF Bank announced successful implementation of the project for connection of the bank to the Finservices Marketplace – a personal finance platform managed by Moscow Exchange.

    Read More
  • DIASOFT DIGITAL Q LISTED IN FORRESTER’S REPORT “NOW TECH: DIGITAL BANKING ENGAGEMENT PLATFORMS”

    Diasoft with its Digital Q Omnichannel Solutions, a modern digital customer engagement platform, is included into Forrester’s Now Tech report on Digital Banking Engagement Platforms among 38 trusted global fintech vendors.

    Read More
  • DIASOFT LAUNCHES AN ANALYTICAL TOOL FOR PREDICTIVE MONITORING OF BUSINESS PROCESSES

    Diasoft announced the launch of a new solution – Business Process Monitor, which allows predicting the progress of any business processes of a financial organization. In case of a negative forecast, a responsible user will receive a respective alert and will be able to take timely actions to make sure that the business process is completed on time.

    Read More
  • MFB CLEARING CENTER RUNS ON DIASOFT SOLUTIONS

    Diasoft announced successful go-live of the project for automation of settlements and operations at the financial market at MFB Clearing Center.

    Read More
  • Rosbank and Diasoft Implement a Large-Scale Project for Replacement of the Bank’s Core System for Corporate Lending and Current Account Services

    Rosbank, part of the Société Générale Group, will roll out its new corporate banking platform – Digital Q Consumer and Corporate Products by ¬Diasoft – to all its branches. The functional capabilities of the platform will help Rosbank to support its strategic plans for expansion of its corporate lending business and corporate current account services.

    Read More
  • DIASOFT LAUNCHED A SOLUTION FOR ANALYSIS OF THE BANK’S CREDIT PORTFOLIO AND SUPPORT OF REQUIREMENTS TO BORROWER CONTRACTS

    Digital Q Monitoring of Credit Contracts streamlines and facilitates monitoring of credit agreements, reduces the cost of analysis of customers' creditworthiness and business reputation, and coordinates interaction of different business units involved into the lending business process within a single information environment.

    Read More
  • Diasoft Offers Banks Machine Learning Technologies for Everyday Operations

    Digital Q Intelligence Platform is a new Diasoft AI/ML platform based on low code principles. The low-code approach facilitates the design of machine learning models that are used to streamline functions of existing banking solutions and support digital transformation of the business. To implement artificial intelligence (AI) technologies, bank experts need to know only general principles of neuron networks, since all parameters can be set up through the system interface without coding.

    Read More
  • Diasoft Moves Up in the Prestigious IDC FinTech Rankings by IDC Financial Insights

    Diasoft, a global provider of financial services technologies, has been ranked on the 2020 IDC FinTech Rankings – the annual ranking highlighting the top 100 global providers of financial technology.

    Read More
  • Novikombank Together with Diasoft Implements the Project for Robotic Process Automation

    Novikombank, one of the top 20 Russian banks, together with Diasoft has completed the first stage of its project for robotic process automation.

    Read More
  • Banca Intesa Together with Diasoft Completed the First Phase of Its Large-Scale IT Transformation

    Banca Intesa, the Russian subsidiary of the Intesa Sanpaolo Group (Italy), together with Diasoft, a global provider of financial services technologies, has completed the first phase of its large-scale IT transformation project. During the project, the Bank plans to migrate data from several core banking systems to a single modern platform that will be developed by Diasoft, acting as a general contractor in this project. The whole project will be implemented in three phases.

    Read More
  • Rostelecom and Diasoft Entered into a Strategic Partnership Agreement Under the National Cyber Range Project

    Diasoft, a leading provider of IT solutions for the global financial services market, has signed a partnership agreement with Rostelecom-Solar, a national provider of cyber security technologies and part of the Rostelecom Group. The partnership is aimed at the creation of the banking segment of the National Cyber Range that will be used by domestic banks to practice protection against cyber threats.

    Read More
  • Diasoft Enhanced Its Payment Processing Solution with Revolutionary Payment Hub Capabilities

    Diasoft has released a new version of its payment processing solution for banks. The new version has been enhanced with advanced Payment Hub capabilities, which ensures a revolutionary approach to the payment processing architecture at domestic and international banks.

    Read More
  • Diasoft democratizes everyday investing with its omnichannel Investment Banking solution

    Diasoft introduced a modern omnichannel solution for quick and high quality support of personal investments. Diasoft Investment Banking provides convenient access to brokerage services via any web and mobile channels for everyday investors, including individuals without any special background.

    Read More
  • Diasoft Ranked Among the TOP 10 Vendors of BI Solutions

    According to the rating “Analytics 3.0” by CNews Analytics, Diasoft has been included into the list of TOP 10 providers of BI solutions in Russia based on the results of 2019.

    Read More
  • Diasoft Helps Financial Institutions to Move Customer Services to the Digital Environment

    Diasoft, a provider of digital solutions for the global financial services industry, expands the range of customer service channels with a new solution – Digital Q Customer Origination. The solution enables remote customer onboarding, digital product origination and exchange of messages and documents with the financial organization without the need for the customer to visit an office, conclude a service contract or authorize in traditional channels.

    Read More
  • Diasoft Rated As a Major Player in Forrester Global Banking Platform Deals Survey 2020

    Diasoft, a global provider of software solutions for the financial services industry, was featured in Forrester’s report "The Forrester Report: The Banking Platform Market Remains Stagnant, Though Smaller Banks Are Turning to Fintechs" based on the Global Banking Platform Deals Survey 2020. This year, the company improved its position in the report: It was rated as a Major Player and was included into the list of the TOP 5 market leaders by the number of total deals concluded in 2019.

    Read More
  • Diasoft Launches a Universal Solution for Real-Time Monitoring of Business Processes

    Diasoft announced the launch of its new Business Sensor solution – a universal tool for real-time monitoring and analysis of business processes.

    Read More
  • With Diasoft Onboarding, Banks Onboard New Customers for Brokerage Services Within Less Than a Minute

    Quick origination of applications for brokerage services has become possible due to automation of the whole customer onboarding process, starting from generation of a service contract, account origination and selection of an appropriate rate plan to registration of the customer at the stock exchange and trading systems.

    Read More
  • Diasoft Digital Q Is Included Into Celent Report On Modern Digital Banking Channel Platforms

    Diasoft with its Digital Q Platform was featured in Celent’s report on Modern Digital Banking Channel Platforms among the leading global vendors of banking solutions.

    Read More
  • Diasoft Unites All Its Business Solutions Under the New Brand Name “Digital Q”

    Diasoft announced the launch of the new brand Digital Q that will unite results of many years of work for creation of digital solutions for transformation of financial services companies and state institutions.

    Read More
  • Diasoft Digital Banking Platform Is Featured In the Forrester Now Tech Report

    Diasoft Digital Banking Platform was listed in Forrester’s "Now Tech: Digital Banking Platforms" report among the world’s leading solutions for banking.

    Read More
  • Diasoft Rated Among the TOP 10 Bi Vendors

    According to CNews Analytics, Diasoft is positioned eighth in the TOP 10 largest providers of BI solutions in Russia based on the results of 2018.

    Read More
  • Diasoft Obtains Partner Status With Wso2 – the World's #1 Open Source Integration Vendor

    The partnership with WSO2 will allow Diasoft to support digitally driven organizations by implementing the most advanced open-source integration technologies with the help of the best global engineers.

    Read More
  • Diasoft Improves Its Position In the Global Idc Fintech TOP 100 Ranking By Idc Financial Insights

    Diasoft, a global provider of financial software solutions, has been included into the global IDC FinTech Top 100 Ranking 2019 – the most comprehensive vendor ranking within the financial services industry.

    Read More
Close
DIASOFT ACHIEVES RED HAT CONTAINER CERTIFICATION FOR DIGITAL SOLUTIONS WITH MICROSERVICE ARCHITECTURE

Diasoft, Russian software company listed in the TOP100 global fintech vendors by IDC, today announced it has achieved Red Hat Container Certification. The certification confirms that Diasoft’s application container images are built and certified using Red Hat Universal Base Image (UBI), assuring customers that container applications are supported on the world’s leading enterprise Linux platform, Red Hat Enterprise Linux (RHEL).

Diasoft’s solutions created with open-source technologies are now available through the   Red Hat Ecosystem Catalog . Diasoft is part of the Red Hat Partner Connect ecosystem, opening new market opportunities for the solutions, both in Russia and around the world.

The Red Hat Container Certification process includes technological validation that Diasoft’s application image is built to the Red Hat standard using Red Hat Enterprise Linux based packages that are supported to include up-to-date vulnerability patches.

With this certification, Diasoft container images can be used to deploy applications on Red Hat OpenShift running on Red Hat Enterprise Linux. Red Hat OpenShift is the industry`s leading enterprise Kubernetes platform, which provides easier installation, configuration, and software upgrades. Red Hat OpenShift can manage advanced application lifecycles (configuration changes, backups and restores) and automatically scale the cluster.

“With a rich partner ecosystem, Red Hat provides an ideal environment for DevOps with Red Hat Enterprise Linux and Red Hat OpenShift, allowing organizations to iterate their ecosystem at speed, both in the cloud and on-premise. Furthermore, platform-based solutions consolidate workflows and simplify task management, which is critical to digital transformation. Thus, the more solutions appear in the market, the easier for IT professionals to find the best tools for every specific project. We look forward to working with Diasoft and believe that the partner’s products will provide greater support and choice to various organizations and industries,” Timur Kulchitsky, country manager, Russia & CIS, Red Hat.

As of August 2021, Red Hat has certified the following Digital Q software solutions with microservice architecture to run on Red Hat Enterprise Linux and supported Red Hat OpenShift environments:

  • Digital Q.Omnichannel: Digital customer engagement platform for support of customer service business processes in digital channels.
  • Digital Q.Customer Origination: Modern channel for digital customer onboarding and product origination.
  • Digital Q.Risk&Compliance: Business platform for support of regulatory requirements to customer screening and identification of suspicious persons and transactions.
  • Digital Q.Sensor: Technological platform for visual business processes analytics.
  • Digital Q.ProductCatalog: Cross-product component for management of all products and services of  financial organizations.

 

Diasoft plans to build its collaboration with Red Hat to expand the list of Red Hat certified Diasoft solutions.

Red Hat-certified Diasoft solutions can help financial organizations successfully address the challenges of digital transformation and business process optimization, confidently enter new markets and integrate themselves into digital ecosystems. Modern microservice architecture accelerates time to market for unique financial products and services with the ability to monitor business efficiency in real time and make informed decisions based on live data.

Diasoft’s Red Hat certified containers can be accessed from the Red Hat container registry   here.

Red Hat, Red Hat Enterprise Linux, the Red Hat logo and OpenShift are trademarks or registered trademarks of Red Hat, Inc. or its subsidiaries in the United States and other countries. Linux® is the registered trademark of Linus Torvalds in the U.S. and other countries.

Close
SME BANK IMPLEMENTED DIASOFT DIGITAL Q.REPORTING TO EFFECTIVELY SUPPORT ITS REGULATORY REPORTING

Diasoft and SME Bank, a Russian bank for support of small and medium-sized enterprises, have successfully implemented a large-scale project for full automation of the Bank’s regulatory reporting based on Diasoft’s Digital Q.Reporting platform.

Due to the heterogeneous IT architecture of SME Bank, reporting for the Bank of Russia required collection of data from several systems. With implementation of new and more complex regulatory requirements, generation of reports involved more and more resources, and the processes urgently needed automation.

SME Bank has been using Diasoft’s accounting system since 2017. Based on the successful cooperation with the vendor, the Bank selected it for automation of its reporting business processes. The project included integration of the new reporting system with the Bank’s product management solutions, implementation of the data quality management system and creation of a data warehouse for generation of regulatory reports for the Bank of Russia.

“In the result of the project, we obtained a modern system that streamlines such an important process of any bank as timely preparation and submission of accurate reports for the Bank of Russia. Significantly, we have built an effective reporting process that requires a minimal labor input. With Diasoft’s extended support services, we file our regulatory reports on time or even ahead of schedule”, commented Vladislav Martynov, Director of the IT Department, SME Bank.

SME Bank has planned further development of Digital Q.Reporting and is going to implement new reporting forms based on the same platform.

Close
DIASOFT HELPS BUSINESSES TO CENTRALIZE PRODUCT MANAGEMENT WITH THE FLEXIBLE PRODUCT CATALOG

Diasoft helps businesses from different industries to create a single product catalog repository and centralize management of all their product data and rates based on its unique Digital Q.ProductCatalog. The solution is part of the digital transformation ecosystem promoted by Diasoft. It provides a single catalog of rates, a flexible universal rate schedule engine, and rate calculation rules for parametrization of complex calculation algorithms.

Digital Q.ProductCatalog supports a flexible customizable structure of product parameters and rates, while low-code development tools allow users to quickly set up new products and rate modifiers without coding, solution modifications and long-term testing. Due to these features, new products become available to customers immediately upon their setup. The solution helps to improve time-to-market and create a master system for storage and management of product data and tariff rates.

The catalog receives data on all system inquiries, such requests for the most suitable product for a particular client. The system provides data about appropriate products, rates and service terms and conditions depending on the customer segment, sales channel or location.

The solution can be easily integrated into any IT landscape with REST APIs and event-driven exchange. The modern technologies and microservice architecture make the solution universal and ensure its stable communication with external systems and flexible scaling in case of integration of new applications with the master system.

Explore product features

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SOVCOMBANK TRANSFORMS ITS INVESTMENT BUSINESS BASED ON DIGITAL Q.FINANCIALMARKETS PLATFORM BY DIASOFT

Sovcombank and Diasoft implement a large-scale multi-stage project for the migration of the bank’s financial markets operations to the modern Digital Q.FinancialMarkets platform. The platform comprises a large number of ready-to-use functional components based on the microservice architecture. The platform will allow Sovcombank to support it strategic plans for the significant growth of its financial markets business and ensure quick time-to-market for new products and LOBs.

An important criterion for selection of the new platform was its capability to ensure quick TTM for new products and timely support of regulatory changes. A stable and reliable platform had to guarantee smooth processing of financial market transactions, and the potential technology partner was expected to have a high expertise in the financial markets to design optimal business processes. Diasoft successfully met all these requirements.

During the first project stage, the partners automated more than 10 business areas. The implemented functional capabilities include issue of own bonds, purchase and sale of securities on the exchange and in the OTC market, custody accounting, calculation of the profit tax, support of securities trading operations at the SPB Exchange, the second largest Russian exchange, integration with the National Settlement Depositary and Euroclear. This project stage ensured multi-fold acceleration of the end-of-day processing and flexible implementation of new financial instruments – the setup of non-standard products takes no more than just 2–3 days and allows quickly launching new LOBs.

Digital Q.FinancialMarkets will ensure continuous update of the bank’s software products without suspension of its business operations. The new technologies provide high performance and linear scalability of the implemented IT solutions for support of the growing amount of transactions and processed data. Microservices also guarantee reliability of IT systems for faultless access to bank products and services.

“Sovcombank’s strategic plans include active growth of its securities and brokerage services business. To support this growth, we are implementing a modern IT solution that will accelerate processing of all financial markets transactions and ensure timely support of new regulatory requirements”, said Albert Boris, Vice Chairman of the Board, Sovcombank.

“We expect that upon completion of all project stages, Sovcombank and its subsidiaries will use the single platform for all financial markets operations. Consolidation of accounting of the whole Sovcombank Group will streamline and speed up the end-of-period processing and generation of reports. The new platform will become a reliable basis for further business growth and expansion of functional capabilities”, commented Kirill Zolotykh, Member of the Management Board, Head of the Financial Markets Department, Diasoft.

Close
FORA-BANK CONNECTED TO THE FINANCIAL SERVICES MARKETPLACE WITH DIASOFT’S MARKETPLACE MANAGEMENT SOLUTION

Diasoft and Fora-Bank announced that the bank has been successfully connected to the marketplace of personal financial services – Finservices Marketplace – managed by the Moscow Exchange (MOEX). Deposit products of Fora-Bank are now available at finuslugi.ru in the personal area of the marketplace web portal.

The Finservices Marketplace is the first Russian marketplace of financial services where customers can select deposit offerings from different banks and open deposit accounts online, without visiting a bank office. The platform is managed by Moscow Exchange (MOEX). Besides deposits, it also offers third-party liability insurance products from leading insurers. In the future, the marketplace will also provide loans, federal bonds and other bank, insurance and investment products.

To connect and publish its deposit products at the Finservices MarketplaceFora-Bank selected Diasoft’s Marketplace Management solution. It is based on the microservice architecture and is part of the Digital Q.Omnichannel business platform. The vendor integrated the Marketplace Management solution into the bank’s IT landscape and set up end-to-end business processes between the bank’s back-office Deposit Management system and the Financial Services Marketplace.

Due to the microservice architecture, Fora-Bank can enable real-time synchronization of the back-office product catalog with the Marketplace Management solution, publish and remove deposit products from the Finservices Marketplace, accept deposit origination applications and create objects in the back-office system (customers, deposit agreements, accounts). The Marketplace Management solution by Diasoft helps the Bank to manage customer deposit transactions, such as activation, add-ons, early or scheduled termination of deposit accounts.

“The Bank’s presence in the Finservices marketplace provides us with a new online sales channel. To connect to this platform, we used a solution that ensures effective support of our customers in the digital environment and allows quickly publishing new types of products when they become available in the marketplace, such as loans or business accounts”, Dmitry Orlov, Member of the Board, Vice Chairman, Fora-Bank.

“Modern banks select flexible IT solutions ensuring quick time-to-market. Our solution for connection to the Finservices Marketplace fully supports these requirements. It covers all tasks associated with the bank’s interaction with the marketplace, ensures full compliance with Moscow Exchange requirements to data exchange formats, supports different APIs and provides a high level of security of data exchange channels”, Denis Olshevsky, Member of the Board of Directors, Diasoft.

Close
AK BARS BANK IMPROVED ITS OPERATIONAL EFFICIENCY WITH ROBOTIZED BUSINESS PROCESSES BY DIASOFT

Ak Bars Bank, the base bank of the Republic of Tatarstan, together with Diasoft, has completed the project for implementation of robotized business processes for interbank conversion transactions. Earlier, the bank already implemented RPA for conversion transactions in the exchange-traded market, banknote transactions, interbank loans, and calculation of IFRS 9 ratios.

RPA tools provided by Diasoft allow banks to quickly automate daily routine operations. The partners continue their technological cooperation. The nearest plans of Ak Bars Bank include support of fully automated download of files from the Moscow Exchange (MOEX) and implementation of robotized processes for stock-exchange transactions in derivatives.

“We understand that to move customer services to the new quality level, we need to revise conventional approaches to the business and implement new technologies and management methods. Robotization of business processes helps to increase operational efficiency of the banking business by improving the quality of routine tasks, reducing errors and speeding up business processes”, Aidar Mukhametzyanov, Head of Investment Business at Ak Bars Bank.

“According to our expert assessment, robotization allows speeding up data processing, eliminates errors in business processes and reduces their cost. Being a high-tech bank, Ak Bars Bank appreciated the value of RPA tools provided by Diasoft and entrusted us streamlining of its business processes”, Kirill Zolotykh, Member of the Management Board, Head of Financial Markets Business at Diasoft.

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DIASOFT SUPPORTED ROSBANK, PART OF THE SOCIETE GENERALE GROUP, IN THE PROJECT FOR THE LAUNCH OF THE ROSBANK AUTO BRANCH

Earlier this year, Rosbank completed a merger with Rusfinance Bank, one of the leaders of the Russian car loan market. The reorganization resulted in the establishment of a new branch – Rosbank Auto – providing a full range of auto lending services, leasing products, car trading and long-term car rental together with traditional banking products. Diasoft ensured integration of the new branch with the bank’s head office and other branches and supported exchange of payments, centralized document workflow and balance conversion.

Rusfinance Bank used Diasoft solutions to support its payments and settlements for several years, which became an important criterion in selection of Diasoft as a technology partner in the merger. Diasoft experts transformed payment routing, standardized payment flows and supported exchange of payments in the SWIFT format and Russian Unified Formats of Electronic Bank Messages (UFEBS). All payments of Rosbank Auto are now sent to the Bank of Russia through Rosbank’s centralized settlement center.

Another important task in this project was the conversion of the balance of the former Rusfinance Bank and creation of the balance of Rosbank Auto. The project also included integration of the document workflow of the former Rusfinance bank into Rosbank’s document workflows.

“From the point of view of technologies, while establishing the new branch, we focused on reduction of the time-to-market and enablement of future projects for digitalization of business processes. With Diasoft’s support, we implemented an effective technological platform, which will help us to strengthen our leading position in the auto lending market of Russia”, commented Alexander Taratorin, IT Director, Rosbank.

“This integration project gave our team a valuable experience. It is a standard task to implement batch data exchange for our customers, but in this project, we had a rare opportunity to create an integration solution to support communication between the SWIFT adapter and the popular IBM MQ. The project team found the best approach to all technological tasks and ensured successful integration of the new branch with the Rosbank group”, says Pavel Pogorelsky, Product Director for Analytical Reporting, Diasoft.

Bank website: www.rosbank-auto.ru.

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DIASOFT NAMED A TOP-TIER BANKING PLATFORM VENDOR IN EUROPE

Diasoft, a global provider of software solutions for the financial services industry, was featured in Forrester’s report “Use the Pandemic’s Market Impact to Improve the ROI of Digital Transformation” based on the results from Forrester’s Global Banking Platform Deals Survey 2021.  This year, Diasoft has been named a top-tier banking platform vendor in Europe and is rated 6 in the list of 34 global market leaders by the total number of banking platform deals concluded in 2020. The company has also proven its strong position in the market as a Solid Cross-Seller and has hit TOP5 by the number of extended deals.

The new report demonstrates which vendors defended or enhanced their market footprint, which vendors dominated in which world regions, and which functional areas are of most interest to banks based on more than 4,600 banking platform deals submitted by 34 participating vendors. The survey findings characterize the 2020 banking platform market and describe how the pandemic influenced the industry to help technology teams at banks identify well-suited solutions and ease negotiations in 2021 and beyond.

According to Forrester, a modern digital banking platform should contain a core banking system, ensure close to real-time processing, provide insightful information, allow rapid product development and efficient management of customer experience across technology channels and customer touchpoints. Such banking platforms allow banks to elevate their customer experience and deliver more business value more seamlessly and more effectively. Diasoft Digital Q solutions cover all of these functional areas, successfully helping its customers to solve tasks of digital transformation and process optimization, explore new markets, integrate into digital ecosystems, and design and deliver unique financial services and products, available 24/7 via all modern service channels and customer touchpoints.
Visit Forrester website for more information on the  report.

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DIASOFT IMPLEMENTED A CHATBOT INTO ITS BI AND REPORTING PLATFORM

Integration of the chatbot function into the Digital Q.Reporting Platform allows users to communicate with the virtual online consultant via messengers in the real time, 24/7.

The main task of chatbots in reporting solutions is to support users in routine monitoring of business processes used for generation of various types of reports. Neural networks and machine learning help to accumulate frequently asked questions and suggested responses and train this advanced tool to follow a pre-set algorithm and logic.

With chatbots, the user will be able to always keep the track of events and quickly receive information on the status of the report generation process: which form is being prepared, which process is active, which data mart has already been filled with data, whether the warehouse has been downloaded, which process is close to completion, etc. In case of any incidents, the user will be immediately notified.

The solution allows managers to control business processes, quickly collecting information from instant messengers in just one click. Virtual assistants can save the bank’s expenses and time for routine tasks and facilitate the work of users who are already accustomed to interactive communication with smart assistants and will appreciate the convenience of this approach to automation of business processes.

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DIASOFT’S CUSTOMER SCREENING TOOLS HELP BANKS TO MITIGATE THEIR REPUTATION RISKS

Diasoft has launched the updated Digital Q Customer Screening solution built on the microservice architecture. The solution ensures automatic online screening of all transactions, customers and counterparties of a financial institution, helping it to mitigate reputational risks associated with suspicious transactions and customers.

Digital Q Customer Screening allows downloading an unlimited number of custom and standard lists for customer screening. Each custom list represents a separate microservice which can be installed either independently or together with other lists, based on the customer’s requirements.

The solution supports automatic checking of transactions and allows suspension of suspicious ones. In case of automatic screening of the whole customer list, the solution allows blocking accounts of suspicious customers. Other functions include saving the history of matches against watch lists, logging user actions, and generation of reports on matches. The screening can be done both when adding and editing customers or transactions. If a bank downloads a new or updated list, the solution screens all existing customers against it. For example, when the list of terrorists is updated, the solution allows screening all bank customers to check if there are matches with new names added to the list.

The solution supports transliteration, used to convert characters from one writing system to another, and the stemming search algorithm, used to search for the stem of an original entry. It also provides the fuzzy search tool. With this advanced algorithm, the search results include not only records that exactly match the input name, but also records with a similar spelling. If the solution finds positive matches, it notifies dedicated bank employees by email or instant messages.

The solution ensures compliance with AML and CTF requirements, supports internal security and customer identification policies and provides tools for monitoring of deals and transactions to ensure stable business development.

The solution is part of Diasoft’s Digital Q Risk & Compliance Platform. Besides Customer Screening, this business platform includes CRS and Limit Management solutions.

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SME BANK COMPLETES IT TRANSFORMATION OF ITS ACCOUNTING SYSTEMS WITH DIASOFT’S ERP SOLUTION

Diasoft and SME Bank, a Russian bank for support of small and medium-sized enterprises, have successfully implemented a large-scale project for automation of the Bank’s budgeting business processes based on Diasoft’s Digital Q ERP Solutions. With the new solution, SME Bank has completed IT transformation of its business accounting systems.

In the result of the project, SME Bank obtained a modern IT solution customized to its specific internal budgeting, planning and control processes. The new solution allowed the Bank to support bottom-up budgeting, creation of the consolidated budget plan, control of payments against the budget, and correction of cost estimates. Diasoft also integrated the new solution with a range of other systems that had been implemented at the Bank earlier: the contract management solution, the asset management system and the solution for management of settlements with financially liable persons.

Significantly, due to the project, SME Bank has completed its migration to a single business operations management platform which will allow the Bank to eliminate the paper-based workflow.

“During the project, we managed to overcome difficulties caused by the lack of direct contact with the Customer due to remote work and successfully implemented a large amount of functionality. We completed the project within the required time frame, without any loss in the quality of product or works”, commented Mikhail Lebedev, Director for Business Operations and HR Management Solutions at Diasoft.

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SOGLASIE, A LARGE RUSSIAN INSURER, IMPLEMENTED DIASOFT REPORT & PRINT FORM DESIGNER

Diasoft and Soglasie, one of the leading insurance companies in Russia, have completed implementation of Diasoft Print Form Designer ­– a modern solution based on Diasoft’s Insurance Solutions Business Platform. With this solution, the insurer is now able to create its own print forms of any complexity and purpose without involvement of the vendor. These can be reports, contracts with pre-population of contract parties’ details, guarantees, official letters, commercial proposals, policies, memos, and any other forms.

Soglasie Insurance Company streamlines its resources to speed up its internal processes and improve customer services. The high-performance solution, which was implemented by Diasoft team just within three months, will allow the large insurer to streamline user work and reduce the cost of generation of reports. The universal mechanism used in the software product will help the company’s experts to design their own print forms in different formats (Word, Excel, PDF) based on information from various sources.

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DOM.RF Bank and Diasoft Named Finalists of the Prestigious Banking Technology Awards 2020

DOM.RF Bank has been shortlisted as a finalist of the prestigious international Banking Tech Awards 2020 in the category “The Best Digital Initiative”. The Bank nominated a large-scale project for implementation of its own digital IT Platform based on the Digital Backbone concept, which is aimed to move the Bank’s housing finance and mortgage services to the fully digital environment.

The Digital Backbone concept is based on the use of modern technologies, omnichannel support and microservice architecture. Diasoft digital solutions make a constituent part of the Bank’s digital IT platform. In the result of the project, the Bank plans to move 90 % of its products and services to the digital environment, which is important for the comprehensive support of customer services and the Bank’s partner ecosystem.

“Implementation of digital services and a fully-fledged housing finance ecosystem is impossible without a technological platform. We created a concept of this platform, which is based the use of best-of-breed in-house and open-source solutions together with partner products. Joint development and code ownership, modern technologies and DevOps practices allow accumulating high capabilities inside the group and ensure quick integration of popular market solutions into the platform. We are glad that this approach has received wide acclaim and has been nominated for the international award”, says Mikhail Gromov, IT Director at the DOM.RF Group, Deputy Chairman of the Board at DOM.RF Bank.

DOM.RF Bank has dramatically improved CX in digital channels and created a foundation for the full transition of its customer services into digital. New capabilities which become available to the Bank’s customers with the digital IT platform and Diasoft’s solutions include access to the Bank’s services via partners with the use of public and private APIs, single-screen delivery of services, and ability to enjoy modern digital services and apps: digital onboarding via the mobile app, digital mortgage origination, digital issuing of mortgage certificates, digital opening of escrow accounts, delivery of bank services via the partner network. Implementation of the new IT platform will ensure further development of digital services for mortgage customers, project financing services for realty developers, public services and the partner ecosystem.

“Congratulations to DOM.RF Bank on making it to the final of the prestigious Banking Technology Awards, and good luck! Its place on the shortlist in the Best Digital Initiative category is well-deserved, as the digital transformation of one of Russia’s largest mortgage lenders is no small feat. By successfully implementing a new digital concept and platform – Digital Backbone – DOM.RF creates a solid foundation (excuse the pun!) for its future. The benefits are clear already: drastically improved customer experience, boosted automation, cost efficiency, flexibility to support new business requirements swiftly, and the wider reach across the housing industry nationwide”, commented Tanya Andreasyan, Banking Tech Awards Judge and FinTech Futures’ Editor-in-Chief.

DOM.RF Bank, one of the TOP 3 Russian banks by the mortgage portfolio (together with DOM.RF), solves strategic national tasks for improvement of the quality and affordability of housing by creating and implementing federal standards. The bank is a leader in implementation of digital services and a reference bank for the Russian financial institutions that operate in the housing financing and mortgage lending market.

 

“The project at DOM.RF Bank is a splendid example demonstrating that the use of flexible capabilities of the modern digital platform allows developing and launching a non-standard solution together with the customer within the shortest possible time. Our joint team mobilized their resources and took all necessary efforts to ensure the success of this important project. We greatly appreciate deep expertise and professional skills of the Bank’s IT team and are grateful for their trust and commitment”, said Alexander Glazkov, Chairman of the Board of Directors, Managing Director, Diasoft.

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DOM.RF BANK CONNECTED TO THE MOSCOW EXCHANGE FINANCIAL MARKETPLACE WITH DIASOFT’S SOLUTION

Diasoft and DOM.RF Bank announced successful implementation of the project for connection of the bank to the Finservices Marketplace – a personal finance platform managed by Moscow Exchange.

The Finservices Marketplace is the first Russian marketplace of financial services where customers can select deposit offerings from different banks and open deposit accounts online, without visiting a bank office. The platform is managed by Moscow Exchange. Besides deposits, it also offers third-party liability insurance products from leading insurers. In the future, the marketplace will also provide loans, federal bonds and other bank, insurance and investment products.

Under the bank’s concept for development of the omnichannel platform based on the modern technologies, DOM.RF Bank selected Diasoft’s microservice Marketplace Management solution to connect to the Finservices Platform. With Diasoft’s support, the bank automated all processes for interaction with the marketplace, including publishing and editing of deposit products, synchronizing of the product catalogue, customer identification, online product origination, management of back-office objects (customers, contracts, accounts), support of user and administrator workplaces. Flexibility of the Diasoft solution allows quickly implementing changes and launching new products.

For us, it was important to connect to the Finservices Marketplace and ensure support of its further development. We plan to expand the list of products and financial solutions that will be available on the platform and expect that with Diasoft’s solutions new integrations will be implemented within the shortest possible time”, said Evgeny Shitikov, Director of Retail Products at DOM.RF Bank.

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DIASOFT DIGITAL Q LISTED IN FORRESTER’S REPORT “NOW TECH: DIGITAL BANKING ENGAGEMENT PLATFORMS”

Diasoft with its Digital Q Omnichannel Solutions, a modern digital customer engagement platform, is included into Forrester’s Now Tech report on Digital Banking Engagement Platforms among 38 trusted global fintech vendors.

According to Forresterdigital banking engagement platforms (DBEP) help banks to flexibly and rapidly deliver new digital banking capabilities, support multiple channels out of the box and improve automation. Now Tech report is issued to help banking experts to understand the value they can expect from a DBEP provider and select vendors based on size and functionality.

Digital Q Omnichannel Solutions ensures effective support of all business processes for sale of financial products and services and customer support via digital channels, traditional branches and partner ecosystems. The business platform is based on the microservice architecture and provides a wide range of ready-to-use business capabilities (PBCs) for the modern financial services industry. It also supports pre-integrated tools for low-code development, which allows further customization and enhancement of implemented solutions by the Customer.

The platform combines channel-agnostic customer services, single view of the customer, products and services, advanced analytics and modern digital features (like digital customer onboarding, digital product origination, etc.) to help financial companies build strong relationships with their customers and create an improved CX at every step of the customer journey. All these features together with modern technologies used in the platforms provide a reliable framework for digital transformation and boundless development of financial institutions.

Forrester Now Tech Report on Digital Banking Engagement Platforms analyzes functional capabilities provided by the leading vendors of banking solutions and helps banks to make a weighted decision on the choice of a possible partner in their digital journey. Read the full report here: https://www.forrester.com/report/Now+Tech+Digital+Banking+Engagement+Platforms+Q1+2021/-/E-RES157439

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DIASOFT LAUNCHES AN ANALYTICAL TOOL FOR PREDICTIVE MONITORING OF BUSINESS PROCESSES

Diasoft announced the launch of a new solution – Business Process Monitor, which allows predicting the progress of any business processes of a financial organization. In case of a negative forecast, a responsible user will receive a respective alert and will be able to take timely actions to make sure that the business process is completed on time.

It is important for banks to timely receive information on issues in business processes to take necessary measures. During development of the solution, Diasoft focused on the need of its Customers to ensure that strictly regulated business processes were completed on time and were streamlined. The solution predicts execution of business processes and sends smart notifications to users in case of incidents. A smart notification contains information on the particular part of the process where the issue has occurred, the reason of the issue and its possible solution.

“Using a solution for monitoring of business processes, a bank can control all critical operations and their KPIs. A business process becomes predictive, and solving of incidents takes much less time. Taking into account that the monitoring allows understanding all details of an issue, the banks can easily solve it within no more than just a few hours”, said Dmitry Grachyov, Product Director for Financial Assets and Liabilities and Tax Accounting solutions at Diasoft.

Besides streamlining operations, a bank can accumulate statistical data on its business processes and eliminate bottlenecks. Important advantages of the new solution include its quick implementation without impact on current business processes and easy integration with the customer’s IT landscape.

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MFB CLEARING CENTER RUNS ON DIASOFT SOLUTIONS

Diasoft announced successful go-live of the project for automation of settlements and operations at the financial market at MFB Clearing Center.

The strategic business of MFB Clearing Center, part of the Saint-Petersburg Stock Exchange Group, is delivery of clearing services for the stock market and the exchange-traded commodity market.

On 1 October 2020, the company obtained a license for banking operations in rubles and foreign currencies from the Bank of Russia.

To support its new operations, MFB Clearing Center implemented Diasoft solutions that covered the following business functions: settlements, interaction with the Federal Tax Service, tax calculation, accounting for exchange-traded and OTC securities, conversion operations, custody.

“Diasoft solutions provide all necessary functional capabilities for end-to-end support of our operations in full compliance with regulatory requirements. Implementation of modern IT solutions allow us to expand the variety of instruments, supporting the product line of Saint-Petersburg Exchange”, commented Yulia Makeeva, General Director, MFB Clearing Center

“It is unique for a non-banking company at the Russian financial market to receive a license from the Bank of Russia. The project at MFB Clearing Center has successfully gone live, and we are happy to deliver our professional technological services and share out expertise to help our Customer in its further development at the financial market”, said Kirill Zolotykh, Member of the Management Board, Director of the Financial Markets Department at Diasoft.

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Rosbank and Diasoft Implement a Large-Scale Project for Replacement of the Bank’s Core System for Corporate Lending and Current Account Services

Rosbank, part of the Société Générale Group, will roll out its new corporate banking platform – Digital Q Consumer and Corporate Products by ­Diasoft – to all its branches. The functional capabilities of the platform will help Rosbank to support its strategic plans for expansion of its corporate lending business and corporate current account services.

In November and December 2020, the Partners successfully launched the Corporate Loans solution ­­­based Diasoft’s Digital Q Consumer and Corporate Products platform in two Rosbank branches. In 2021, the companies plan to roll out this solution and implement products for support of bank account agreements in all geographically distributed offices of the Bank.

Diasoft’s back office is integrated into the Bank’s IT landscape with the help of the solution based on the microservice architecture and modern technologies.

“Diasoft’s solution provides additional capabilities that help to streamline management of corporate credit agreements and reduce time-to-market for new products. The implemented platform will allow us to speed up origination procedures and effectively support Rosbank’s strategic plans for expansion of its corporate business”, commented Kirill Pokladov, Director of the IT Department of the Corporate, Investment and Custody Business at Rosbank.

“For Diasoft, this project will be the largest in all respects over the last few years. Replacement of a bank back office is a rare story nowadays, when all market attention is focused on digital transformation. It is difficult to imagine business development, especially in such a sensitive segment as corporate banking, without a reliable basis represented by a high-performance IT platform with wide functional capabilities. All important technological changes start at this stage”, says Alexander Gentsis, Member of the Board of Directors at Diasoft.

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DIASOFT LAUNCHED A SOLUTION FOR ANALYSIS OF THE BANK’S CREDIT PORTFOLIO AND SUPPORT OF REQUIREMENTS TO BORROWER CONTRACTS

Digital Q Monitoring of Credit Contracts streamlines and facilitates monitoring of credit agreements, reduces the cost of analysis of customers’ creditworthiness and business reputation, and coordinates interaction of different business units involved into the lending business process within a single information environment.

For each object of monitoring (credit contract, borrower, collateral agreement), the solution supports lists of different monitoring factors. Based on these factors, users can plan their activities for assessment of the credit transaction, the customer’s creditworthiness, and the status of the collateral. This assessment can be carried out both automatically and in the manual mode.

Maintaining an electronic journal, the bank can control the receipt of new data on credit transactions that are submitted by customers or customer service managers upon request. In addition, the solutions allows using different reference lists containing data on high-risk customer in the monitoring process.

The results of monitoring of credit histories can be used to plan additional control activities with the ability to track these activities, generate reports and analyze credit risks. These functions are carried out by the middle office, whose tasks include assessment of the quality of the credit transaction and decision-making on the renewal of the credit contract.

The solution “Monitoring of Credit Contracts” is built on the microservice architecture and based on the Digital Q Risk & Compliance Platform by Diasoft. It significantly streamlines risk management tasks due to flexible automated identification of credit risk factors and assignment of risk levels and due to the use of voting for joint managerial decision-making.

Diasoft customers have highly rated such solution benefits as the ability to integrate with customer management and borrower servicing solutions, a simple and user-friendly interface, flexible setup of credit risk assigning schemes, and real-time synchronization of customer and credit information from the data store.

With these features, Diasoft’s solution allows banks to timely analyze a large amount of heterogeneous information and minimize the number of errors that may arise due to the human factor. This will help banks to prevent financial losses, improve their business performance and increase the efficiency of their lending policy.

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Diasoft Offers Banks Machine Learning Technologies for Everyday Operations

Digital Q Intelligence Platform is a new Diasoft AI/ML platform based on low code principles. The low-code approach facilitates the design of machine learning models that are used to streamline functions of existing banking solutions and support digital transformation of the business. To implement artificial intelligence (AI) technologies, bank experts need to know only general principles of neuron networks, since all parameters can be set up through the system interface without coding.

The Diasoft team has been working on development of robotic process automation services (RPA) for quite a long time, and this work has resulted in creation of the AI / ML platform.

“First we embarked on creation of the infrastructure for robotic process automation services. We implemented robotized processes into our solutions. Using RPA, we streamlined the launch of everyday operations at several large banks. The creation of the AI/ML platform has become a logical next step in development of this business at Diasoft”, said Anton Shebalkin, Architect of the AI/ML Platform at Diasoft.

In comparison with RPA, the machine learning platform provides more advanced approaches to processing of information. For example, machine learning services allow grouping objects by specific non-rigid attributes which cannot be used in robotic processes.

Diasoft developed a smart framework for creation of neural network models and ready-to-use microservices that can be integrated into any business process of a bank.

“We have created a mechanism for support of the whole lifecycle of neural network models. These networks can be built into bank business processes and used without integration with other systems. Significantly, they work without involvement of users. Such approach to implementation of the AI at banks make these technologies more accessible. We hope that the AI will become an integral part of the bank infrastructure, since they provide really impressive capabilities”, commented Sergey Ripplinger, Head of Money Transfers and Teller Solutions at Diasoft.

Diasoft offers its customers to use machine learning to analyze customer behavior, define their loyalty and predict customer churn. Using precise AI/ML tools, the bank can classify, track, analyze and organize information, for example to define the purpose of payments to treat them in compliance with regulatory requirements.

“The use of AI-based tools helps streamlining solutions based on static algorithm, such as classification of documents. It also facilitates processing of Big Data. Most IT solutions run on rigid algorithms, that is why the positive effect of AI technologies for development of banking software is obvious”, summarized Anton Shebalkin.

According to Diasoft’s experts, the use of AI-based tools can help banks to solve a wide range of important tasks. They can significantly accelerate processing of large amounts of data without losing their quality, support quick business growth and scaling, etc. Each service based on Diasoft’s AI/ML platform can be seamlessly integrated into any IT landscape and with any existing bank system.

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Diasoft Moves Up in the Prestigious IDC FinTech Rankings by IDC Financial Insights

Diasoft, a global provider of financial services technologies, has been ranked on the 2020 IDC FinTech Rankings – the annual ranking highlighting the top 100 global providers of financial technology.

The 17th annual vendor ranking represents the leading hardware, software and service providers to the financial services industry from around the world. Vendors are ranked based on 2019 calendar year revenues attributed to financial institutions. This is the 9th consecutive year Diasoft has appeared on the prestigious list. To view the list in its entirety, please click HERE.

The Fortune 500-style ranking categorizes and evaluates the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and/or services.  These providers supply the technological backbone of the financial services industry, an industry in which IDC Financial Insights forecasts worldwide spending on IT across the globe to exceed $577 billion (USD) by 2024.

To thrive in a digital economy, financial services organizations must embrace innovative and integrate cutting edge technology effectively to enhance the customer experience and achieve operational excellence. Diasoft and the vendors featured on the IDC FinTech Rankings, represent those providers committed to helping financial institutions successfully execute their digital transformation initiatives for the betterment of their customers around the world.

“IDC is honored to recognize the technology providers that appear on the 17th annual FinTech Rankings,” said Marc DeCastro, Research Director at IDC Financial Insights. “These are the companies that have shown commitment to the financial services institutions and their appearance on the list is a testament to that dedication.”

IDC Financial Insights publishes a comprehensive report about the year’s findings that is available to view or download HERE.
About IDC Financial Insights

IDC Financial Insights assists financial service businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services.

Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology

IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc.com/financial.

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Novikombank Together with Diasoft Implements the Project for Robotic Process Automation

Novikombank, one of the top 20 Russian banks, together with Diasoft has completed the first stage of its project for robotic process automation.

The first business process that has been robotized by the bank is the calculation of IFRS 9 metrics. Software robots designed by Diasoft quickly and flawlessly solve tasks for automation of the bank’s standard daily operations, excluding the human factor and ensuring correct calculations.

The nearest plans of Novikombank include implementation of robot-based business processes for interbank and retail lending, card transactions, and reporting.

“Novikombank actively develops its business and plans further expansion of its branch network. The amount of the bank’s operations also growth rapidly. We need to ensure faultless and quick processing of transactions and support dynamic business development of out bank using efficient technologies for improved performance. One of such tools is the RPA service designed by Diasoft. Based on several business processes, we have assessed the speed and transparency of the technology, which will help the bank to achieve its strategic goals”, said Mikhail Rylnikov, Director of the IT Department at Novikombank.

“According to our expert evaluation, RPA is able to improve performance of business processes by 70%. Being committed to high technologies, Novikombank was able to appreciate the value of the technology, trust Diasoft as a partner in this project and create a basis for its further successful business development”, commented Kirill Zolotykh, Member of the Board of Directors, Head of the Financial Markets Department at Diasoft.

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Banca Intesa Together with Diasoft Completed the First Phase of Its Large-Scale IT Transformation

Banca Intesa, the Russian subsidiary of the Intesa Sanpaolo Group (Italy), together with Diasoft, a global provider of financial services technologies, has completed the first phase of its large-scale IT transformation project. During the project, the Bank plans to migrate data from several core banking systems to a single modern platform that will be developed by Diasoft, acting as a general contractor in this project. The whole project will be implemented in three phases.

During the first phase, the Bank has migrated to a new version of the Diasoft system, which created a reliable foundation for further transformation of the Bank’s IT infrastructure. The project scope included an update of 14 components of the Diasoft system used at Banca Intesa. These are solutions for support of current accounts, foreign currency payments (SWIFT), general ledger, anti-money laundering, loans, payment cards, bank guarantees, reporting, capital and money markets and protection of e-messages. In addition, the Bank implemented five new solutions, including the settlement hub and a component for interaction with public authorities: The Federal Tax Service, The Public Information System of the Utilities Service.

The implementation of the project involves active participation of representatives of the head office of Banca Intesa – the Intesa Sanpaolo Group (Italy). Due to the wide geographic distribution of the project team and an uneasy pandemic situation, all works during the first phase of the project have been completed remotely.

“Together with Diasoft, we are implementing a project which is important for the whole Intesa Sanpaolo Group. Our colleagues from the head office in Italy are taking an active part in the implementation, and all team members constantly stay in touch through regular strategic online meetings. Together with Diasoft, during the first phase of the project, we migrated the current system to the new version, audited bank systems and products, upgraded some of the functions, and implemented new solutions, which were required to support financial regulations and ensure successful bank operations and active business development. The next steps of the project will include works for integration of data from other systems on a single platform. In the area of software development and integration, we fully rely on skills and expertise of Diasoft as our general contractor”, commented Irina Vasina, Chief Operations Officer at Banca Intesa.

“The transition to a single platform is fundamental for the business of a dynamically developing financial institution. Besides economic benefits, this approach to the IT infrastructure will create a foundation for support of business changes, launch of new products, implementation of new regulatory requirements, and development of digital channels. This approach also makes it easier to implement any innovation. We greatly appreciate the trust of Banca Intesa to our company, both in the area of software development and system integration. For us, this task is non standard but clear, and we are confident in the success of the project”, said Denis Olshevsky, Member of the Board of Directors at Diasoft.

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Rostelecom and Diasoft Entered into a Strategic Partnership Agreement Under the National Cyber Range Project

Diasoft, a leading provider of IT solutions for the global financial services market, has signed a partnership agreement with Rostelecom-Solar, a national provider of cyber security technologies and part of the Rostelecom Group. The partnership is aimed at the creation of the banking segment of the National Cyber Range that will be used by domestic banks to practice protection against cyber threats.

The Cyber Range is one of the largest information security projects that is being implemented in 2020 under the “Digital Economy” National Program. This task was entrusted to Rostelecom, which involved its subsidiary company Rostelecom-Solar to implement the project. The Cyber Range consists of several segments that imitate standard infrastructures of companies from different industries, including the financial services and banking sector.

To ensure that the cyber training of security experts was as close to real conditions as possible, the virtual infrastructure of the Cyber Range must comprise the full range of banking systems: the core banking and its supplementary components. The core banking system will be represented by Diasoft’s core banking solution that is widely used by Russian banks. Among Diasoft customers, there are more than half of the TOP 100 Russian banks, 27 of 61 foreign banks operating in Russia, leading investment, asset management and insurance companies, private pension funds and MFIs.

“According to Solar JSOC, the center of monitoring and response to cyber threats, every fifth cyber attack in 2019 was aimed at banks. Attackers constantly improve their methods and tools, and the penetration of hackers into the infrastructure of any financial institution is just a matter of time. That is why, the most important thing is to focus on early detection of attacks and ensure quick response and effective counter measures to them. Even banks that use external services for monitoring and response to cyber attacks, prefer to carry out technical counter measures on their own. That is why hands-on training of experts of internal information security services becomes an essential component of cyber security”, commented Mikhail Klimov, Director for Development of the National Cyber Range, Rostelecom-Solar.

According to Diasoft experts, automation of the banking business involves creation of multiple points of interaction between different systems, which inevitably leads to appearance of vulnerabilities. That is why the company enthusiastically welcomed Rostelecom’s initiative for improvement of security of the national financial services industry.

Besides cyber training, the virtual infrastructure of the Cyber Range will be applied for stress testing of domestic solutions that are used by banks in complex information security projects.

In the future, Rostelecom’s digital platform will be enhanced with three regional Cyber Range centers in the Russian Far East, the Volga District and the Southern Federal District. This will make the Cyber Range the largest project in this information security segment and help to improve the security of all key Russian industries.

Diasoft, a leading provider of IT solutions for the global financial services market, has signed a partnership agreement with Rostelecom-Solar, a national provider of cyber security technologies and part of the Rostelecom Group. The partnership is aimed at the creation of the banking segment of the National Cyber Range that will be used by domestic banks to practice protection against cyber threats.

Rostelecom-Solar, part of the Rostelecom Group, is a Cyber Security Company, providing software and managed detection and response (MDR) services to protect critical information from advanced cyber threats. The company’s approach to Cyber Security is based on the understanding that IT and IS technologies often do not keep up with the advanced threats in the modern rapidly changing world. Therefore, the real security is only possible through the building of a unified cyber security monitoring and management framework. Rostelecom-Solar is focusing on this key principle in its development of cyber security technologies. The Company operates globally.
 
Rostelecom is Russia’s largest integrated provider of digital services and solutions, with presence in all market segments and covering millions of households, governmental and private organizations.
 
Diasoft has been providing innovative software solutions to the global financial services industry since 1991, delivering its cutting-edge Digital Solutions, Digital Transformation Services and Core Banking to the leading global banks, insurers and financial services companies. With these solutions, the company has been successfully solving tasks of digital transformation and process optimization, helping its customers to explore new markets, integrate into digital ecosystems, and design and deliver unique financial services and products, available 24/7 via all supported channels. Diasoft is listed in the TOP100 global fintech vendors by IDC and supports business of more than 200 financial institutions.

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Diasoft Enhanced Its Payment Processing Solution with Revolutionary Payment Hub Capabilities

Diasoft Enhanced Its Payment Processing Solution with Revolutionary Payment Hub Capabilities

Diasoft has released a new version of its payment processing solution for banks. The new version has been enhanced with advanced Payment Hub capabilities, which ensures a revolutionary approach to the payment processing architecture at domestic and international banks.

The Payment Hub approach allows creating a single centralized automated system for processing of all payment documents of a bank. This system works like a conveyer and ensures end-to-end supports of the payment processing workflow, including enrichment of data, verification of payers and payees, internal and inter-bank routing of data and other steps that banks used to complete separately in different product management systems. After all payment processing steps, the Payment Hub ensures centralized interaction with separate components of the banking system (General Ledger, Settlements, Reporting, etc.) in accordance with the bank’s rules and policies.

Creating a Payment Hub, the bank establishes unified rules for processing of all payment documents and obtains a single point for configuration of business rules, integration and development of payment services.

According to Sergey Dobridnyuk, Product Director for Payment Processing Solutions at Diasoft: “Implementation of the Payment Hub can significantly simplify product management systems involved in the process. The most important thing is that poor support of payment services by such systems will not hinder the bank from the overall development of its payment platforms any more”.

Implementing the Payment Hub together with Diasoft, the bank can ensure simultaneous processing of all steps of the business process for the same payment documents. The system also delivers a complex result of the processing that combines responses immediately from all control procedures.

“Traditional banking systems normally stop the processing of payments and notify the comptroller if any notification arises during the processing. If a document contains several critical errors, it can be returned to the comptroller at the next step, which makes the overall process quite tiresome. Nowadays, manual control and thousands of bank employees involved in this process require significant time and financial input at any large bank. With the Payment Hub and our support, a bank expert needs to fix the list of issues just once to guarantee almost 100% execution of the payment order in the future”, added Sergey Dobridnyuk.

In the Payment Hub, Diasoft used modern asynchronous mechanisms for inter-service communications. Diasoft’s engineers streamlined technologies of event-driven notification, subscriptions and distributed transactions, and supported modern message brokers, such as Apache Kafka and RabbitMQ.

In the new version of the solution, Diasoft also improved basic mechanisms of centralized data storage. In this project, Diasoft ensured support of the newest Oracle 19 Database, having become the first large provider of banking software that implemented its payment components on Oracle 19 at the domestic market.

“Oracle 19 allows building out-of-the-box hyperconverged integrated system and ensures containerization, improved information security and continuous operation under large workloads. Such technological approach easily ensures operation 24/7/365, both on the basis of the bank’s own data center and in cloud-based ecosystems. Oracle databases have become a de-facto standard of corporate financial systems, and it is important to ensure support of all of its up-to-date versions”, summarized Sergey Dobridnyuk.

Importantly, in March 2020, Diasoft successfully completed benchmark testing of its payment solution on two databases: Oracle and PostgreSQL. The test simulated processing of more than 20 million payment orders per day in a complex organizational structure. The results of the tests were beyond expectations – despite the enormous workload, all required operations were completed within the expected time limits. The identified bottlenecks were immediately fixed, which allowed Diasoft to release a new version of its payment solution enhanced by new functions and better performance and scalability capabilities.

Diasoft is confident that the Payment Hub moves the banks’ payment business to a new level. According to Diasoft’s experts, the task for creation of the Payment Hub is important for all large banks, both at the domestic market and globally.

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Diasoft democratizes everyday investing with its omnichannel Investment Banking solution

Diasoft introduced a modern omnichannel solution for quick and high quality support of personal investments. Diasoft Investment Banking provides convenient access to brokerage services via any web and mobile channels for everyday investors, including individuals without any special background.
The solution is based on the omnichannel Digital Q Platform and provides a wide range of microservices for fully-fledged support and unified logic of processing of trading and non-trading orders. It ensures smooth communication with external systems and provides REST APIs and Gateways for integration with any channel and any external or internal systems.
To learn more about the solution, visit www.investment.diasoft.com

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Diasoft Ranked Among the TOP 10 Vendors of BI Solutions

According to the rating “Analytics 3.0” by CNews Analytics, Diasoft has been included into the list of TOP 10 providers of BI solutions in Russia based on the results of 2019.

This annual rating analyzes BI vendors of different size and from different market sectors, including vendors focusing on the financial services industry (like Diasoft) and providers of cross-industry solutions. Diasoft is proud to be listed among the 10 largest BI vendors in the country for the third year in a row.

The company’s experts highlight that the year 2019 was marked by multiple regulatory changes in statuary, fiscal, managerial and IFRS reporting. Diasoft had to support new requirements in the existing business processes of its customer banks and to timely deliver respective IT solutions.

“In 2019, our customers addressed us as professional technological partners in projects for support of new regulatory requirements. The demand for implementation of BI tools and for highly qualified experts with a relevant expertise in BI projects is still very high, since the success in the era of digital transformation depends on the accuracy of calculations and quick processing of data”, comments the results of the rating Nikolay Makarevich, Member of the Board, Head of the Economics of Data Department at Diasoft.

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Diasoft Helps Financial Institutions to Move Customer Services to the Digital Environment

Diasoft, a provider of digital solutions for the global financial services industry, expands the range of customer service channels with a new solution – Digital Q Customer Origination. The solution enables remote customer onboarding, digital product origination and exchange of messages and documents with the financial organization without the need for the customer to visit an office, conclude a service contract or authorize in traditional channels.

Digital Q Customer Origination provides a modern digital environment for remote access to products and services of both financial institutions and their partners – members of the financial services ecosystem. In comparison with standard channels for remote delivery of services, Diasoft’s solution allows financial organizations not only to provide services to their existing clients, but also to support potential customers.

In the personal area, the future customer of a financial company can submit applications for different financial products and services (loans, deposits, opening of accounts, brokerage transactions, etc.) and in real time track processing of these applications. Significantly, the financial company can create dedicated digital environments for specific products, such as investing services. Flexibility of the solution allows companies to quickly set up and launch new offerings and easily modify procedures for frequently changing products and services.

The new solution offered by Diasoft does not only provide a modern channel for easy origination and sale of products and onboarding of new customers, but also helps to analyze customer needs and collect leads for the customer base, complimenting and enhancing traditional service channels, like Internet banking.

Digital Q Customer Origination includes independent components for individual and business customers and provides a special module for support of remote representatives, agents and partners of a financial institution. These components can be implemented as a complex solution or as standalone products, each covering specific business tasks.

To identify a customer and ensure quick access to submitted applications from any device, the solution generates a unique web link and uses OTP codes. The solution can also support authorization with the use of customer accounts from public portals, partner ecosystems, marketplaces, social networks, etc. The new technologies enable easy start of any process from the web site of a financial company or its partners without complicated authorization.

“An important advantage of Digital Q Customer Origination is the ability to separate channels for existing and potential customers. Future customers of a financial institution receive personalized services and communication, while returning customers access additional products that can be unavailable via traditional channels”, comments Evgeny Sentyabrev, Member of the Board of Directors, Head of Digital Solutions at Diasoft. “In comparison with traditional CMS solutions used for development of web sites of financial organizations, our solution is based on a digital platform that was initially designed to support banking processes, products and rules. Digital Q Customer Origination easily integrates with front-office and back-office solutions of financial organizations, ensures high security and also provides tools for further development”.

 

Diasoft’s solution is based on the modern omnichannel Digital Q Platform and is built on the microservice architecture. It is available on all modern Android and iOS based devices and via a web-browser.

About Diasoft: Since 1991, Diasoft has been providing innovative software solutions to the global financial services industry, delivering its cutting-edge Digital Solutions, Digital Transformation Services and Core Banking to the leading global banks, insurers and financial services companies. With these solutions, the company has been successfully solving tasks of digital transformation and process optimization, helping its customers to explore new markets, integrate into digital ecosystems, and design and deliver unique financial services and products, available 24/7 via all supported channels. Diasoft is listed in the TOP100 global fintech vendors by IDC and supports business of more than 200 financial institutions. For more information please visit www.diasoft.com .

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Diasoft Rated As a Major Player in Forrester Global Banking Platform Deals Survey 2020

Diasoft, a global provider of software solutions for the financial services industry, was featured in Forrester’s report “The Forrester Report: The Banking Platform Market Remains Stagnant, Though Smaller Banks Are Turning to Fintechs” based on the Global Banking Platform Deals Survey 2020. This year, the company improved its position in the report: It was rated as a Major Player and was included into the list of the TOP 5 market leaders by the number of total deals concluded in 2019.

Forrester underlines that modern banking platforms allow banks to elevate their customer experience and deliver more business value more effectively. To help banks find a well-suited solution, the report analyzes 35 global vendors of banking solutions and demonstrates which vendors were able to defend and enhance their market footprint, which functional areas were of most interest to banks, and which vendors dominated in which world regions.

Diasoft is proud to participate in this survey together with the world’s leading banking technology vendors. The company’s high ranking among the TOP 5 market leaders demonstrates its solid position in the financial technology market.

Since 1991, Diasoft has been providing innovative software solutions to the global financial services industry. The company delivers its cutting-edge Digital Solutions, Digital Transformation Services and Core Banking to the leading global banks, insurers and financial services companies. With these solutions, Diasoft has been successfully solving tasks of digital transformation and process optimization, helping its customers to explore new markets, integrate into digital ecosystems, and design and deliver unique financial services and products, available 24/7 via all supported channels.

Click here to find more information on the report.

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Diasoft Launches a Universal Solution for Real-Time Monitoring of Business Processes

Diasoft announced the launch of its new Business Sensor solution – a universal tool for real-time monitoring and analysis of business processes.

Diasoft Business Sensor ensures ongoing monitoring of business processes and immediate notification of users on business incidents and deviations, which allows the company management to timely take preventive measures. This is an omnichannel solution that can be used in browsers and via mobile devices.

Leveraging cutting-edge data stream processing technologies from such market leaders as Google, Amazon, Linkedin, Netflix, ASF and others, the solution takes business monitoring to a completely new level. In comparison with classical BI systems, this approach does not require data accumulation and preparation. The solution uses information flows that already exist in the company’s IT systems. This is a significant advantage that streamlines monitoring of business processes and ensures a minimum gap between origination of information and its visual presentation to the user.

Diasoft Business Sensor is a light-weight web application, where the user can set up dashboards, add diagrams, choose what data to monitor. The user can set up thresholds for separate metrics, and the system will immediately highlight deviations from these limits.

Diasoft Business Sensor can be used to boost motivation of business teams through competition – the management can set up KPIs to measure performance of separate employees or teams, and the solution will create speedometer diagrams demonstrating planned and actual results through web applications at user workstations. The solution also supports an interactive map that ensures a convenient visual analysis of the company’s business processes in different regions.

Significantly, the solution is based on the modern technologies that have proven their performance in large-scale implementations in social networks and the Big Data industry, such as Kafka message broker, Hadoop storage and ElasticSearch indexing. This means that the performance of Diasoft Business Sensor can be limited only by the capacity of the underlying infrastructure, while the same version of the solution can be used by companies of any size and from any industry.

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With Diasoft Onboarding, Banks Onboard New Customers for Brokerage Services Within Less Than a Minute

Quick origination of applications for brokerage services has become possible due to automation of the whole customer onboarding process, starting from generation of a service contract, account origination and selection of an appropriate rate plan to registration of the customer at the stock exchange and trading systems.

Implementation of the solution normally takes no more than two weeks, since it only requires configuration of a single simple service application. To facilitate integration of the solution with a bank’s IT infrastructure, Diasoft has developed a universal API method. The bank needs to pass only three parameters to this method (the date, customer data and the contract number),  after which the customer can access the brokerage services. Other parameters will be generated by the solution automatically.

Based on individual bank requirements, Diasoft ensures integration of the solution for individual and corporate customers with a mobile application. Quick customer servicing via the traditional and digital channels ensure higher quality of brokerage services, making them more attractive for the customer.

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Diasoft Digital Q Is Included Into Celent Report On Modern Digital Banking Channel Platforms

Diasoft with its Digital Q Platform was featured in Celent’s report on Modern Digital Banking Channel Platforms among the leading global vendors of banking solutions.

In the report, Celent looked at the evolution of channel platforms from major vendors. According to the researchers, niche vendors are converging, adding new channel capabilities and points of customer engagement to complete the suite. While vendors focus on omnichannel customer-assisted service and self-service (e.g., teller, branch, and contact center), banks are establishing emerging business model support, such as Banking-as-a-Service (BaaS), marketplace banking, and Open Banking. Celent underlines that “partners and the ecosystem are differentiating leaders from followers, and the platform of the future is one that brings value through a wider ecosystem of both functional and business model relationships”.

Diasoft recognizes and fully supports these important technological trends. The company’s Digital Q Platform uses open-architecture principles and was initially designed omni-channel to support digital banking at modern financial services companies. Due to these features, Digital Q helps businesses integrate into digital banking ecosystems and enhance customer experience with the most advanced channels, tools and technologies. The company has been successfully solving tasks of digital transformation, helping its customers to explore new markets, integrate into digital environments, and design and deliver unique financial services and products, available 24/7 via all supported channels.

The global edition of the report profiles 19 different channels platforms and is available here.

About Celent: Celent is a global research, advisory, and consulting firm focused on financial services technology. The company helps clients make better decisions about technology. Celent is part of the Oliver Wyman Group, a wholly owned operating unit of Marsh & McLennan Companies.

About Diasoft: Since 1991, Diasoft has been providing innovative software solutions to the global financial services industry, delivering its cutting-edge Digital Solutions, Digital Transformation Services and Core Banking to the leading global banks, insurers and financial services companies. With these solutions, the company has been successfully solving tasks of digital transformation and process optimization, helping its customers to explore new markets, integrate into digital ecosystems, and design and deliver unique financial services and products, available 24/7 via all supported channels. Diasoft is listed in the TOP100 global fintech vendors by IDC and supports business of more than 200 financial institutions. For more information please visit www.diasoft.com

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Diasoft Unites All Its Business Solutions Under the New Brand Name “Digital Q”

The world continues to change dramatically, and these changes are explosive, especially in the business segment that is undergoing the process of its transformation. Market innovators that drive digital transformation trends play the first fiddle. In order to keep up with new trends and hold a strong position in the market, financial organizations have to cater for their customer demand for digital services and to ensure high quality and convenience of their services in the digital environment. The same trends are observed in state institutions that have started implementing their digital initiatives and increasing their communications with customers in the online environment.

Digital business is today’s reality. It includes not only modern approaches to customer services and new financial products that are based on digital platforms. Traditional core banking systems also need transformation and adaptation to digital solutions, i.e. they need to be digital-ready. To meet new business requirements, companies need not only digital platforms and accounting systems customized to these platforms. They require new technologies and development practices that were specially designed to support the digital concept.

“To ensure support of constant business changes of our customers, it is crucial to create and develop solutions based on cutting-edge technologies and using the microservice architecture. This allows our customers to quickly launch new products and services and do it without technological pauses. This also provides the highest reliability, performance and linear scalability of implemented solutions”, says Alexander Glazkov, Managing Director, Diasoft.

The new Digital Q brand has united all Diasoft’s LOBs: business applications; the software development platform based on the open software; cutting-edge software development technologies and practices for effective production of digital software solutions, including usage of Agile and DevOps approaches.

Diasoft has engaged all its resources to the implementation of the big idea of Digital Q, where Q stands for the quality and convenience of user services. The key idea of the Digital Q brand is that digital transformation should be simple and it could be managed with a click of a single button. Digital Q means speed, quality, efficiency and huge potential for development of the digital business of financial services companies and state institutions.

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Diasoft Digital Banking Platform Is Featured In the Forrester Now Tech Report

Digital economy makes banks and financial services companies to change their approach to customer services. To integrate into the new service paradigm, it is vital to select a successful digital strategy and choose a proven digital technology to support the selected strategy.

According to Forrester, digital banking platforms can be used to improve customer service and account opening, reduce time-to-market of new products and services, avoid downtimes, and enable great business agility. In its report “Now Tech: Digital Banking Platforms”, Forrester provides an overview of 35 digital banking platforms from the leading global vendors that significantly vary by size, functionality, geography, and vertical market focus. The survey helps to understand the value that a bank can expect from a banking platform provider and select vendors based on their size and functionality.

Diasoft Digital Platform was designed to support digital banking and digital transformation projects at financial services companies, leveraging on the best global practices. The platform helps businesses accelerate their integration into the digital era, build their digital brand, integrate into digital banking ecosystems and enhance customer experience with the most advanced tools and technologies. Being listed among the largest and the most prominent fintech providers proves once again the success of Diasoft’s product development strategy and the company’s ability to predict and adapt to the most important trends and demands of the financial services market.

Read the full report here: https://www.forrester.com/report/Now+Tech+Digital+Banking+Platforms+Q4+2019/-/E-RES157451

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Diasoft Rated Among the TOP 10 Bi Vendors

The year 2018 was highlighted for Diasoft by multiple projects for implementation of reporting solutions in such prominent financial institutions as VTB, VTB Capital, DOM.RF, MTS Bank, the International Investment Bank, etc.

These projects were initiated in 2017, which was marked by an increased demand for modern Business Intelligence technologies and customer interest in proven and efficient tools for regulatory reporting.

“In 2018, we took part in about 30 projects aimed at support of new regulatory requirements at banks of different sizes. We are still witnessing high demand for BI tools and experienced BI experts, since in the era of digital transformation, the success is based on the accuracy of calculation and the speed of data processing”, commented the results of the ranking Nikolay Makarevich, Member of the Board, Head of the Economics of Data Department at Diasoft.

The company’s experts also pay attention to increasing requirements for the data quality.

Diasoft offers financial institutions to address this issue with the help of its Accounting Quality Monitor. The product represents an extensive package of reports for auditing, which supports the ability to add new data if necessary. It provides tools for verification of the bank’s accounting and analytical data and allows automatically tracking and correcting data integration errors and errors in accounting systems.

City:
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FLEXTERA BI
FLEXTERA BI is a specialized platform for creating, modifying and running business intelligence applications used for the multidimensional business analysis. The solution is specially designed to fulfill all the functions associated with business intelligence tasks of a financial institution and provides comprehensive instruments for financial performance analysis, management reporting and regulatory reporting.

The solution is built on JavaEE technology in full compliance with SOA principles and uses enterprise-class components from the global technological leaders — SAP, Oracle, and IBM, together with unique analytical instruments developed by Diasoft to deliver the most advanced business intelligence capabilities for the improved analytical insight and decision making.

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Diasoft Obtains Partner Status With Wso2 – the World's #1 Open Source Integration Vendor

The WSO2 integration platform comprises more than 20 products, covering a broad range of tasks: from integration and API management to analytics and management of user rights. The company also offers technical support and consultancy services and publishes its products with an open-source license. WSO2 products provide the highest quality and meet modern market requirements, which has been mentioned in several Gartner reports.

Diasoft has experience in implementation and support of the WSO2 platform in the Russian financial services industry. Modern projects have proven advanced technological features and breadth of functional capabilities of the WSO2 platform. After obtaining the official partner status with WSO2 in autumn 2019, Diasoft is now able to provide its customers with access to WSO2 product support services.

“The WSO2 integration bus is an advanced solution that provides broad functional capabilities even in its out-of-the-box version. The WSO2 platform combines a wide range of connectors (more than one hundred) to different systems with support for both popular and rare transport formats and protocols. The platform supports all available integration patterns and system communication templates. Moreover, the out-of-the-box version provides monitoring and logging tools, which makes the WSO2 platform universal and allows using it for development of integration solutions in any complex projects”, said Sergey Kalugin, Head of the Integration Solutions Business, Digital Solutions Department, Diasoft.

WSO2 products are used by the leading global companies, such as eBay, Cisco, Boeing and many others. WSO2 offices in Australia, Brasilia, Sri Lanka, the Great Britain and the USA employ more than 500 engineers, consultants and experts.
WSO2 integration technologies are used to complete more than five trillion transactions annually.

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Diasoft Improves Its Position In the Global Idc Fintech TOP 100 Ranking By Idc Financial Insights

DIASOFT IMPROVES ITS POSITION IN THE GLOBAL IDC FINTECH TOP 100 RANKING BY IDC FINANCIAL INSIGHTS

Tuesday, October 22, 2019
Diasoft, a global provider of financial software solutions, has been included into the global IDC FinTech Top 100 Ranking 2019 – the most comprehensive vendor ranking within the financial services industry.

IDC FinTech Top 100 Ranking is an annual list of the most successful global hardware, software and service providers ranked by their calendar year-end revenues attributed to the financial services industry. The survey serves the needs of financial institutions worldwide by presenting current and historical trends in performance by the partner companies that support financial service technology. The rankings data indicate longevity, strength, and commitment to the industry, as well as allow tracking newcomers and consolidations in the top IT firms globally.

Diasoft has taken part in this prestigious ranking for the 8th year in a row. In 2018, the company focused on development of its digital solutions and witnessed a growing demand for implementation of digital transformation projects at its target markets.

The company’s financial results in 2018 demonstrated its confident growth and allowed Diasoft to improve its position in the IDC FinTech Top 100 Ranking 2019. The full ranking is available for download HERE.

“The IDC Financial Insights FinTech Rankings research is a unique and unparalleled analysis of vendor information for the global financial services industry,” says Marc DeCastro, research director at IDC Financial Insights. “Our clients and financial institutions worldwide rely on this research to help get a better view at the global leaders in fintech. Those on this list are an excellent starting place to begin the research of identifying strategic partners in their transformation and modernization journeys.”

About IDC Financial Insights: IDC Financial Insights assists financial service businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc.com/financial

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