Core Banking System for Foreign Banks

Modular Foreign Banks System for all German requirements and particularities

The fully comprehensive Foreign Banks System for Germany

The specific core banking system for foreign banks of PASS Solution World Banking covers all relevant banking processes of a foreign bank in Germany: from the administration of accounts, loans, deposits and securities through letters of credit, collections and rembourse, the complete payment transactions, as well as money laundering prevention to financial accounting, regulatory reporting and risk management. Our intelligently designed core banking system for foreign banks adapts to changing circumstances on an ongoing basis and guarantees long-term investment and future security.

The PASS Foreign Banks Package can be easily obtained as software-as-a-service from the PASS banking data centers in Germany.

A Foreign Banks Package with two characteristics

Foreign banks in Germany can choose whether they want to use the complete solution package or only a part of it, e.g. if certain specialist modules from the parent company should continue to be used in Germany. Therefore, we offer our foreign banks solution in two tailor-made versions, which can be implemented easily and quickly: complete package Financials and flexible package Dynamics.

 

Complete package Financials

You want to open a branch office or a foreign branch and are looking for a modern complete solution for this purpose without having to invest in a time-consuming adjustment of existing modules? Then our complete package assures you a fast time-to-market.

Flexible package Dynamics

You already have all core banking modules and only need a flexible package whose contents you can combine individually and which represents the German or European technical and regulatory requirements?  Then our Dynamics package is your solution.

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

MAIN FUNCTION

  • Branch processing
  • Regulatory reporting
  • SEPA payment transactions
  • International payment transactions
  • Forward exchange dealing
  • Money markets
  • CRM
  • Credits, sureties, bills of exchange
  • Cash desk
  • Connection ATM
  • Cost centers/profit center
  • Eqipment bookkeeping
  • Anti-Money Laundering
  • Current accounts
  • Master data
INTERFACES

INTERFACES

  • Securities transactions
  • Documentary international business
  • Connection to customer-payment traffic systems
  • Connection to account retrieval system (PASS in-house or third-party providers)
  • Archiving
  • Controlling
ACCOUNT RETRIEVAL SYSTEM

ACCOUNT RETRIEVAL SYSTEM

We operate our own account information service according to § 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 state-of-the-art technology framework technology framework ensures the adaptability, efficiency, reliability and openness required for a high-quality core banking system for foreign banks. 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.

Highlights of the Foreign Banks System

A ONE-STOP SOLUTION

A ONE-STOP SOLUTION

The Foreign Banks System Financials covers all business processes used by banks on the German market.

MODULAR STRUCTURE

MODULAR STRUCTURE

The individual requirements of an overseas bank can be met thanks to the modular structure of our foreign banks systems.

TOPICALITY

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 SolutionWorld Banking.

 

Our Foreign Banks Packages at a glance

Customized solution packages for every requirement of the German financial market

  Financials

Financials

Dynamics

Dynamics

Type of package Complete package Flexible package (a typical example)

Features

   
Current accounts   
Deposits   
Credit   
Guarantees   
Money exchange   
Master data  
Money market  
Foreign exchange transactions  
Regulatory reporting  
Account retrieval system  
Rembourse   
Export and import collection  
Export and import letters of credit  
Asset accounting   
Invoice posting   
Financial accounting/main accounting  
Balance sheets (HGB, IFRS) *  
Taxes  
SEPA  
TARGET  
SWIFT  
Money laundering prevention   

* A significant advantage of the PASS Foreign Banks System is the parallel accounting according to HGB (Germany) and IFRS (EU) as well as a further, freely selectable accounting standard (e.g. that of your home country).

Ole Barkmann

PASS Consulting Group

+49 60 21 . 38 81 75 38