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

July 23, 2021

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 Marketplace, Fora-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.