The year 2020, although difficult due to the pandemic, has been extremely busy for us. For many months, we have been developing our BOS trading system, adding new functionalities and improving existing ones. Here is a brief summary of what we developed last year:

Event Manager

This functionality allows for efficient and trouble-free process modeling and event management of the entire system from the level of one, clear interface. The Event Manager is also of great help in the context of introducing changes as well as new financial products and services.

These kinds of tools provide total business flexibility. Especially now, when the competition in the financial market is significantly increasing, a system that allows for a flexible and quick introduction of changes to the existing and new customer service processes and their activities is one of the most important parts of the transaction architecture.

Multi-institutional cloud environment

This is an interesting solution for entities that want to offer their services within more than one institution. We have created an environment in which the customer can place any number of independent, functionally separated brands and institutions, while not losing control over management.

Comprehensive General Ledger

The synthesis and aggregation of accounting data from transactions carried out to the General Ledger are one of the critical areas of the transaction system. The multi-level and complexity of operations that must be reflected in the General Ledger register is, on the one hand, a complicated task, and on the other – a must, because it is a legislative requirement that cannot be circumvented.

Integration with the General Ledger as part of the BOS system means:

  • full automation of processes related to data aggregation in the General Ledger;
  • the ability to create a dedicated chart of accounts, define basic reporting attributes and complete freedom in creating links between operations on accounts and accounting accounts;
  • advanced parameterization of all elements and processes, possible from the system user interface.

Parameters dump / load – possibilities of new environment cloning

Cloning of environments or verification of the business parameterization of the system is possible thanks to new dump and load mechanisms. Parameterization in the financial system is a series of registers, often closely related to each other. From the chart of accounts, through product segments, to transaction codes and interest rules. Process functionalities depend on a combination of these parameters. Currently, it is possible to export the system parameterization in its entirety or for individual areas. A business administrator with access to this feature can do so in an instant with a few clicks.

Transaction tagging

BOS allows you to label transactions and processes in any way you like. Automatic parameterization of tagging is possible from the level of the user interface, which significantly facilitates the search, ordering and filtering of posted transactions.

CIS – Customer Information System

The customer information management system is a separate BOS microservice that aggregates basic customer information from all institutions within the BOS infrastructure. The Customer Information System, which is an inherent part of the system, significantly extends the scope of information, allows to minimize the number of errors in the customer data held, and at the same time enables quick verification of user history.

Cashbacks

Our system customers can take part in partner programs that enable them to realize commercial rebates in the form of the so-called cashback. What does it mean? Refund of a part of the purchase amount to the customer’s card after making the purchase with it. For this purpose, a separate microservice was launched, supporting both business partners, promotional offers, and the entire transaction path. The vast majority of transactions are carried out completely automatically, but the module also provides a path for manual pairing of offers and transactions. The use of our cashback module gives new value to the market. Trading bonuses are paid to clients immediately, not after a few days like with other systems. In this way, Fintechs using this module attract new customers by offering a card that realizes the benefit in an order of magnitude shorter than the competition.

CRS – System Relationship Management

CRS is another BOS microservice that allows you to create multi-stage access to accounts, both for individual and business customers. CRS is also a system of relations regarding account balances and limits. The advanced and modern structure enables intuitive management of all access parameters in such a way that they reflect the hierarchy within the user’s internal organization.