New individual solution „DiRecT“ for Raiffeisen Bank International (RBI)

We are happy to announce that we have completed another successful individual project “DiRecT”with Raiffeisen Bank International (RBI).

Walfried Lemerz Head of Payment Infrastructures, Operations and Projects at RBI explains the motive to initiate the project: “Raiffeisen Bank International (RBI) has enlarged its position as a clearing bank with a widespread network of correspondent banks and payment infrastructures. As a result RBI maintains numerous accounts in many currencies with financial institutions and corporate clients”.

MSIT’s configurable application framework was the best innovative solution to automate the monitoring data relationships as it provides a highly flexible processing engine to be able to adapt easily to specialized scenarios and specific needs. With its predefined standardized interfaces it can collect different types of data (accounts, balances, transactions, etc.) from multiple systems (e.g. Wallstreet).

Mr. Lemerz adds: “The Disposition Reconciliation Tool "DiRecT" for RBI is a tailor-made solution based on MSIT-Application Framework to improve processes in the disposition of foreign currencies. Data from different applications can be loaded and matched. Funding opportunities are optimized and damages due to wrong disposition are avoided. We decided to work together with MSIT because of the user friendliness of its applications and the solution-oriented approach”.

With DiRecT another common project was successfully launched.

About Raiffeisen Bank International (RBI)

Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets.

RBI is the only Austrian bank with a presence in both the world's financial centres and in Asia, the group's further geographical area of focus.

In total, around 61,300 employees service about 14.6 million customers through around 3,100 business outlets, the great majority of which are located in CEE (these figures include Polbank).

RBI is a fully-consolidated subsidiary of Raiffeisen Zentralbank Österreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBI's shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country's largest banking group, and serves as the head office of the entire RZB Group, including RBI.

About MSIT

Operating in the area of financial services, particularly in the investigations area, since more than 10 years, the Austrian based company MSIT provides considerable experience and valuable expertise. MSIT stands for state-of-the-art know-how as well as for value-driven technology in the development and implementation of services and solutions in the banking industry, focusing on payments, investigations and cash management as well as on SWIFT business areas.

Paying attention to the specific banking industry's business requirements, MSIT is your reliable IT-Partner on the innovative edge, providing a basis for delivering the highest level of customer satisfaction.

To learn more about our innovative solutions and professional services contact us at marketing@msit.at or +43 676 843 956 120.

Please find the press release on rfpconnectand finextra.