We offer full-fledged banking software services in Estonia for Green field and established banks covering all aspects of Retail banking services.
Banks can benefit from our B-SaaS offering hosted from our Data Centre in Stockholm, Sweden. The range of services offered in Estonia is as follows:
Liabilities
- Current and Savings Accounts
- Deposit accounts
Assets
- Consumer loans
- Mortgage lending
Account services
- Statements according to EESTI PANK standards delivered through e-mail or internet bank
- Year-end Tax statement to customers delivered through Internet bank
- Deposit advices and agreements
Payment and clearing services
- Outgoing cross border customer payments via SWIFT – MT103
- Incoming cross border customer payments via SWIFT – MT103
- Outgoing cross border bank payments via SWIFT – MT202
- Incoming cross border bank payments via SWIFT – MT202
- Local payments on ESTA (currently in EEK and later on EUR) – incoming and outgoing catering to local ESTA standards.
- TARGET2 – Eesti – for Cross border EUR payments and domestic EUR payments on RTGS mode
AML / KYC
- All Customer creation and transactions will checked against:
- EU list
- OFAC list
- Internal list maintained by bank
Full fledged Teller services
- Cash transactions
- Non cash teller transactions
- Currency exchange transactions
Reporting
- Operational report for bank operations
- Regulatory reports for EESTI PANK
Impact on EURO conversion
B-SaaS will come with assured Euro Conversion activities to handle Estonia’s change over to EURO currency by 01 January 2011. This means, for the bank there is no additional expense or cost for EURO movement for the current business processes.
