Core Banking System for Foreign Banks
Modular Foreign Banks System
A Foreign Banks System for all German requirements and special features
Comprehensive support of the complex processes of a Foreign Bank
The specific requirements and complex processes of a bank involves modular support: From currency accounting via the branch system and regulatory reporting to international business including foreign balance sheets. Our intelligently designed foreign banks system adapts to changing circumstances on an ongoing basis and guarantees long-term investment and future security. Our system also guarantees connection to the PASS in-house system or an external account evidence center in accordance with § 24c of the German Banking Act.
The number of branches of foreign banks in Germany is growing rapidly. Especially for banking in the german market, we provide a foreign banks system in two forms: Financials & dynamics.
Modular structure for individual foreign bank requirements
Individual needs of a foreign bank can be covered by the modular structure of our Foreign Banks System:
MAIN FUNCTION
- Branch processing
- Reporting
- Domestic payment traffic
- Foreign payment traffic
- Documentary international business
- Forward exchange dealing
- Money markets
- CRM
- Credits, sureties, bills of exchange
- Cash desk
- Connection GAA/AKT/KAD
- Cost centers/profit center
- Eqipment bookkeeping
INTERFACES
- Securities transactions
- Documentary international business
- Connection to customer-payment traffic systems
- Connection to account evidence center (Pass in-house or third-party providers)
- Archiving
- Controlling
ACCOUNT EVIDENCE CENTER
We operate our own account evidence center in accordance with § 24c of the German Banking Act and § 93b of the General Fiscal Law. The Federal Financial Supervisory Authority (BaFIN) and the Federal Central Tax Office (BZSt) have access to all relevant data on banking customers via these centers.
User benefits continually prioritized
Our technology framework ensures the adaptability, efficiency, reliability and openness required for a high-quality foreign banks system. The infrastructure is regularly checked to determine any potential for further improvement and we only incorporate new technologies into business solutions when they have been proven to provide sustainable benefits to users. This approach helps to ensure that the content is always up-to-date and complies with legal regulations while also protecting against extensions that are not necessary. This Foreign Banks System allows flexible collaboration for all parties involved without security risks.
A ONE-STOP SOLUTION
The Foreign Banks System Financials covers all business processes used by banks on the German market.
MODULAR STRUCTURE
The individual needs of an overseas bank can be met thanks to the modular structure of our foreign banks systems.
TOPICALITY
Continual updates and innovations are automatically rolled out to our customers and you decide when you want to update your solution.
Information about our Core Banking System
Our general core banking system covers all the special requirements of a foreign bank. Here you will find further information of the PASS Core Banking Suite.
