Automated banking systems

Strong market competition in combination with increased demands from customers forces banks to check their technologies for the degree of compliance with the spirit of the times, and also to review the adopted strategy in the field of information technology, given the real achievement of the goals and objectives set for an individual institution.

Automated banking systems need regular modification or full replacement, which will get rid of a whole range of problems associated with their use. At the same time, the transfer of the banking system to the use of new technologies for both a large transnational institution and a small bank in a particular region can be compared with a heart operation. This task is rightfully considered one of the most grandiose that can be faced by a financial institution. Its solution can lead to a significant breakthrough in activities leading to a qualitatively new level, which will allow the bank to stand out among competitors, or cause serious problems in the event that such a large-scale project will not be implemented properly.

Automated banking systems should become scalable, fault-tolerant, development-oriented with a design life of more than 10 years. With a smaller planned period of operation, there is no need to create an ABS, since it will not be able to recoup its development.

Automated banking systems in a modern market

The banking system began to be actively automated in the early 90s, when commercial banks began to appear. It was at that time that a number of companies appeared on the Russian market, ready to offer ready-made solutions for automating the activities of such institutions. The development of this process has led to the emergence of a huge number of technologies based on systematic principles that reflect the most important provisions of the theoretical framework, which includes a number of frontier areas and disciplines.

The banking information system as a tool for supporting the banking business and its development is formed on the basis of certain principles considered to be fundamental:

- an integrated approach covering a wide range of banking functions, which implies their full integration;

- Modular construction, which allows you to easily configure the system for a specific order, with the possibility of further building up the system;

- Openness of technologies that should be able to interact with a variety of external systems;

- Flexibility of manipulating the settings of the system modules, as well as adapting to the needs of a particular bank and the conditions of its operation;

- Scalability, which provides for expansion of functional modules and their complication in the process of development of business processes taking place in banks;

- the possibility of multi-user access to the system in real time, as well as the implementation of a full range of functions in a single information space ;

- continuous development and improvement of the system, based on the reengineering of the business processes taking place in it.

Automated banking systems are created or selected depending on how the entire IT infrastructure of the institution was planned. Under the infrastructure in this case, you can understand the relationship, aggregate and content of all the components of the automation process. In addition to the conceptual approach in the infrastructure, it is possible to identify functional and providing subsystems.

From the above, it should become clear that the banking system is a complex "organism" that functions in accordance with certain rules and laws that allow the entire system to work together harmoniously.