Solanteq and Vostok Bank expanded successful cooperation

Solanteq and Vostok Bank expanded successful cooperation

Towards the effective implementation of the digital strategy and information system improvement, Ukrainian Vostok Bank and Solanteq signed an agreement for the launch of SOLAR Retail Banking - a modern processing product for all types of retail operations.

Vostok Bank and Solanteq started their partnership in 2014 from the implementation and support of the internet and mobile applications.

COMBINING ALL IN ONE

Referring to the present agreement it is planned to implement universal banking platform with enhanced fraud protection and wide processing functionality, with support of various types of payment cards, deposit management, credit accounts and instalment payment plans.

Smart back-office SOLAR Retail Banking processes transactions, calculates interest and the minimum payment amount, tracks debt repayment and overdue debt, generates penalties and sends notifications. For each operation, accounting entries are created according to configured rules. 

SOLAR RETAIL BANKING IS A RAPID, RELIABLE AND EFFECTIVE ONLINE REAL-TIME SOLUTION WHICH DESIGNED TO CONTRIBUTE PROGRESSIVE COMFORTABLE BANK CUSTOMER SERVICE.