phone (+36-1) 437-0741 e-mail info@moonsol.com

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The Company

ONLINE BUSINESS TECHNOLOGIES Co.

is a software house in Hungary, providing complex IT solutions to commercial banks and financial institutes since 1989

  • 25+

    Our company has accumulated more than 25 years of experience in software development for the banking and financial sector

  • 8000

    Our solutions are used by more than 8000 users

  • 1000

    Our solutions are used by more than 1000 branches by our customers

  • 3 000 000

    Our partners serve more than 3 million customers with our solutions

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Moonsol

MoonSol can be a good choice for the smallest credit institute as well as for the largest commercial banks serving over tens of millions of customers, no limits in extension both as regards operational size and functionality

’Á LA CARTE’ MODULES

MoonSol modules can be collected arbitrarily, even individual modules can be introduced

FULL SCALE WORKFLOW MANAGEMENT

both for the front-office and back-office modules

SCALABILITY

MoonSol can be a good choice for the smallest credit institute as well as for the largest commercial banks serving over tens of millions of customers, no limits in extension both as regards operational size and functionality

FLEXIBLE CONNECTIVITY

MoonSol is an extremely open system, modules can be implemented into any existing environment and can communicate with several interfaces with other systems (e.g. SOA / Web service, ROA / REST)

ENHANCED PARAMETERIZABILITY

MoonSol modules have a refined parameterization layer, with which new products can cost-effectively be created from the user interface with short time-to-market and the operational parameters of individual modules can be set

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References

We are proud that several financial institutions, savings co-operatives, public procurement institutions and business organizations, have chosen from our products.

News

News

Online Business Technologies
  • 2017. március 20.

    20

    március

    2017

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    Upgrading our IFRS 9 study and joining Risk EMEA 2017

    Online Business Technologies has launched a joint survey with the Center for Financial Professionals in November 2016 to screen the IFRS 9 impairment approach of banks using Standard Approach, and identify widely used simplification strategies that are allowed by the Standard. The key findings of the survey were summarized in a study ‘Assessing the Preparedness of Financial Institutions using Standard Approach for IFRS 9’ available for free download from the website of CEFPRO:

    Link to the Survey

    These findings were also discussed with members of the banking community at a breakfast briefing during the IFRS 9 Forum organized by CEFPRO on the 2nd of March in London. Based on the feedback received here, we  decided to upgrade the study in order to reveal what has changed in recent months.

    The upgrading process will also be managed by CEFPRO, and the results will be published at the 6th Annual Banking Risk & Regulation Summit in London on 9-10 May, 2017 ; see https://www.cefpro.com/forthcoming-events/risk-emea/. Join the event and see the results!


  • 2017. március 7.

    07

    március

    2017

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    IFRS 9 survay and forum

    Our company has conducted a joint survey with the Center for Financial Professionals (www.cefpro.com) to screen the IFRS 9 impairment approach of banks using Standard Approach, and identify widely used simplification strategies allowed by the standard. The survey intended to find answers to such exciting questions as :  what is the status of IFRS 9 implementation projects throughout Europe, what are  the most popular simplification techniques used by financial institutions, and how do banks plan to develop their IT systems in order to meet the challenge of IFRS 9 implementation. The survey was filled in by 146 respondents, and the final report on the key findings is available for free download on the website of CEFPRO:

    Link of the Final Report

    Our company  presented the results at the IFRS 9 Forum organized by CEFPRO in London on 1st and 2nd of March, 2016.


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  • 2016. szeptember 29.

    29

    szeptember

    2016

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    Are you ready for the implementation of IFRS 9?

    It was the biggest question of the CEFPRO – IFRS 9 Impairment & Implementation Conference held in London on September 20 and 21. But should banks care much about it? The answer is a definite YES.

    The implementation of the IFRS 9 standard is not merely a headache for the accounting departments. Its business impact is inevitable, as the biggest consulting firms expect 25 – 50% increase in the impairment of banks, having immediate negative effect on the P&L. The implementation also requires the rethinking of risk management methods as IFRS 9 impairment requires envisaging future losses (e.g. calculating with impacts of macroeconomic changes), rather than making projections based on the historical performance of portfolios, as banks have been doing it. This rethinking requires large projects (with 11 – 25 FTEs) that have to solve product classification, governance, process management & IT issues. Banks expect to have possibly strategic but even in the best case tactical (major) developments in their information systems. The total cost of these changes may exceed 30 M GBP according to expectations of the largest banks. And all issues should be settled by 01.01.2018. Really challenging.

    Fortunately this challenge need not be solved by the banks alone! In the line of valuable speakers we also had a presentation at this conference about the IT challenges of implementing IFRS 9. In this presentation we outlined some areas of IFRS 9 implementations where banks may have ‘ready solutions’ to boost the IT implementation, gaining valuable project time and solving some of the toughest modelling issues under IFRS 9. Where are these areas? To see the answer check out our IFRS concept: 

    MoonSol IFRS Solution

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