ARBES is helping CREDITAS Credit Union Expand Their Services

10 October 2011

ARBES Technologies, a European leader in software solutions for banking and finance, has begun implementing the ARBES OBS banking information system at CREDITAS Credit Union. This is yet another credit union client, who will use this solution to expand their services. A part of the project is the implementation of ARBES FEIS, a modern ESP system that will allow CREDTIAS Credit Union optimize key financial and accounting processes.

CREDITAS Credit Union is one of the largest and most dynamic savings credit unions on the Czech market. One of their current priorities is to expand their activities and to open new branches all the while developing products for the general administration of family finances, such as internet banking or credit and debit cards. In connection with these plans, CREDITAS Credit Union has decided to implement the advanced ARBES OBS banking system, which will simplify client account access with the help of the most modern channels in remote banking, such as internet and SMS Banking and will also enable additional development and growth of the credit union.

The ARBES OBS software platform is a modern banking system, which is able to cover the complete banking agenda including all Back Office and Front Office operations, to provide support to remote branches, generate main accounting ledgers as well as all functions that support the communication channels, such as the internet, GSM or email. Thanks to its multi-level architecture and modular concept the system is very agile and is capable of being adjusted to fit specific client needs, so that various types of banks as well as payment service providers are able to use it. The individual modules are also capable of working together with any other systems the credit union or bank may be using.

"The installation of the ARBES OBS banking system at CREDITAS Credit Union is already our fourth savings credit union project. ARBES thus possesses complete understanding of the credit union processes and is therefore able to offer the customers state of the art technology and a high-quality solution as well as vast experience in this area. ARBES OBS supports the banking activities in three other savings credit unions such as WPB Capital as well as large companies such as Wüstenrot Bank or newcomer Airbank,“ said Lukáš Danihelka, Key Account Manager at Arbes Technologies.

A part of this project will be the implementation of the complete ARBES OBS solution as well as ARBES FEIS, a modern ERP system, which will support the optimization of key processes at CREDITAS Credit Union. ARBES FEIS offers comprehensive administration of the economic and accounting agenda and besides being capable of accommodating current internal working processes and workload breakdown, ARBES FEIS also allows for rationalization by implementing new processes. The solution is equipped with a set of interfaces for communication with electronic banking applications, as well applications for the Czech Post Office and other external applications.

Routine operations of the entire system are planned for March 1st, 2012.

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