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Online Business Technologies
  • 2017 . october 6 .

    06

    october

    2017

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    Development of PSD2 solution and professional workshop

    In June 2017 our company has started the development of a software-solution in cooperation with a Hungarian commercial bank, which solution is aimed to meet the most exciting challenge of the implementation of the 2366/2015 EU Directive (the PSD2 Directive), the establishment of Open APIs. This solution is capable of managing the queries for the availability of funds, queries for account information and the requests of payment initiations of FinTech companies in line with Article 65, 66 and 67 of the PSD2 Directive, and transmit these requests to core banking systems. The solution also includes mobile apps on Android and iOS platforms as a tool for strong client authentication (SCA). We develop the module according to the Open Banking Standard (https://www.openbanking.org.uk/), which is declared to be one of the best adaptation of PSD2. The solution uses state-of-art technology solutions and standards like TLS 1.2, X.509, OAuth 2.0, OpenID Connect 1.0, RESTFul and ISO 20022. The first phase of development is planned to be finished by January 2018, which includes the management of queries and requests with SCA. In the next phase we plan to develop functions handling exemptions from SCA.

    During the development our main focus was to create a timeless solution, which is capable to service any future business requirements or technologies. On top of the basic queries mentioned above it is possible to orchestrate other services as well, and to augment the minimum level of service required by the PSD2 directive, the level of online access to accounts, instant settlement is also possible by taking advantage of the built-in account servicing functionality that is provided in core banking quality. Combining this function with the 24/7/365 availability makes the solution capable to adapt to the requirements of instant payment systems like SEPA ICT.

    Our company presented the intermediate results of the developments in a workshop held on the 6th of October, 2017 in the Hotel Kempinski Corvinus, Budapest.

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  • 2017 . september 9 .

    09

    september

    2017

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    From here to PSD2 and beyond – Online European Tour 2017

    With the current incoming regulations (PSD2, GDPR etc.), the technological advancements and the emergence of FinTech companies the world of finance is going through some serious changes. The result of this, as we see it, is the forthcoming world of digital banking with PSD2 as the first step to take. To share our message and insights we decided to take part in leading professional forums.

    London – FinTech Europe 2017 Summit – November 14-15

    The FinTech Europe 2017 Summit, held in London, November 14-15 is a great opportunity to network and learn from industry experts from financial institutions and FinTech companies. The key topics are the Regulatory environment, PSD2, FinTech and RegTech, GDPR, Innovation, Blockchain, Artificial Intelligence and many more. The summit currently boasts over 20+ innovation, strategy, and FinTech presenters including FCA (Financial Conduct Authority), ECB (European Central Bank), and European Commission.

    Meet us at our table or listen to our presentation at 13:20 on Day1.

    Feel free to use our code for 20% discount: FINT20BU
    More information about the event and full agenda available at:
    https://www.cefpro.com/fintech-europe/

    Berlin – 5th annual Back Office Operations Forum – November 16-17

    This year in Berlin the 5th annual Back Office Operations Forum is a great opportunity to exchange knowledge and interact with the 100+ banking professionals from all over Europe. Hot topics include regulatory reforms, FinTech, API economy, business process outsourcing, Blockchain and digital customer experience.

    Our deputy CEO József Németh will talk at 11:40 on Day1.

    More information about the event and full agenda available at:
    https://glceurope.com/5th-annual-back-office-operations-forum-details/

    Vienna – International Payment Forum – November 23-24

    Experts from the region are meeting up in Vienna on the International Payments Forum to expand their knowledge and connections in this 2 day event about all the current topics of the payments industry including regulatory changes (GDPR, PSD2 - especially the RTS about strong customer authentication and common and secure communication), digital banking, FinTech, cybersecurity, Blockchain.

    We will share our ideas with the audience at 9:50 on Day1 and you can meet us at our table.

    More information about the event and full agenda available at:
    http://ict-solutions-hu.com/Events/international-payment-forum-23rd-24th-november-in-austriavienna/

    Come join us on one of the forums or contact us at info@moonsol.com for more information.

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  • 2017 . july 1 .

    01

    july

    2017

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    European Risk Management Council membership

    Starting july 2017 Online is the member of the European Risk Management Council. With this newly acquired partnership we launch forward into a world of risk experts to further broaden our horizons.

    The European Risk Management Council is a platform for sharing the knowledge and best practice in risk management. They run meetings for risk executives from leading banks, insurances, investment firms and other financial institutions, consultancies and global industrial companies operating in Europe. Focusing on the key themes in risk management, the Council provides an opportunity for industry discussions and facilitates professional communication and sharing best practice in the risk management.

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  • 2017 . march 7 .

    07

    march

    2017

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    IFRS 9 survey 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 . december 27 .

    27

    december

    2016

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    We are now an associate member of British Bankers’ Association (BBA)

    We are happy to announce, that starting 2017 Online Business technologies is an associate member of the British Bankers’ Association. With this new channel of information and connections we are even more prepared for challenges on the European playing field.

    The BBA is the leading trade association for the UK banking sector with 200 member banks headquartered in over 50 countries with operations in 180 jurisdictions worldwide. Eighty per cent of global systemically important banks are members of the BBA. As the representative of the world’s largest international banking cluster the BBA is the voice of UK banking.

    They have the largest and most comprehensive policy resources for banks in the UK and represent their members domestically, in Europe and on the global stage. The network also includes over 80 of the world’s leading financial and professional services organisations. Their members manage more than £7 trillion in UK banking assets, employ nearly half a million individuals nationally, contribute over £60 billion to the UK economy each year and lend over £150 billion to UK businesses.

    The BBA supports and promotes policies and initiatives that balance both the interest of banks, and the wider public benefit. Their work is underpinned by three core priorities:

    •    Helping customers – both consumers and businesses
    •    Promoting growth, including supporting the UK as a global financial centre
    •    Raising standards – both professional and ethical

    The mission statement sets out further details about the aims and values of the organisation.

    Who do they represent?

    The membership list can be found here and details of how to become a member are available here.

    Who works for the BBA?

    For details of the BBA’s leadership team, please click here.

    For more information visit the BBA website: https://www.bba.org.uk/ or visit the website of UK Finance, which was co-founded by BBA - https://www.ukfinance.org.uk/

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