What is the OraSYS banking software system?
OraSYS system is a high-tech, fully integrated banking information system (Core Banking System) developed by SIS Consulting. The system is built on an Oracle DBMS. It fully automates core banking operations, risk management, card payments, and financial accounting in real time (24/7).
The proposed integral banking information system OraSYS is built on a modular basis using cutting-edge system platforms and architectural solutions for the building and development of complex and significant information systems. The system includes all general and specific requirements for the operation of banking financial and accounting systems in Bulgaria, as well as all particular financial technologies required to serve the customers of the Bank.
OraSYS is a fully integrated banking information and accounting system, enabling the Bank to meet the challenges of the swiftly changing market.
OraSYS is a centralized information system, with real-time execution of transactions and the ability to operate 24/7.
The integration of the system's modules into a single all-encompassing information system allows the construction of a complete solution for all units and sectors of the Bank's complex structure.
The construction of the OraSYS system has utilised a flexible approach, as a result of which the system is easily parameterized and adapted to the needs of users. The OraSYS system will enable the management of the Bank to operate effectively with a high level of process automation, low level of automation costs, minimum staff efforts and a high degree of overall control of operations. OraSYS covers not only the functionalities required by the Bank, but also a broad range of other system functionalities and options based on the extensive experience of the SYS Consulting Ltd. team in developing, supporting and optimising financial information systems.
Core Modules and Technical Advantages of OraSYS:
- Database and security: Built on a reliable architecture with Oracle DBMS – a platform for high performance, data security, and business continuity.
- Regulatory compliance : Automated generation of reports for the BNB, NRA, DANS.
- Integration: BNB AnaCredit, Relief, National Social Insurance Fund, Ministry of Interior, Regix, MS Office
- Risk Automation: Built-in modules for creditworthiness assessment and classification of risk exposures.
- Modularity: Flexible structure allowing rapid deployment of new financial products and services.
FAQ about the OraSYS Banking Software System:
Question: Does the system support 24/7 real-time operation?
Answer: Yes, OraSYS supports continuous 24/7/365 operation with real-time transaction accounting.
Question: Can OraSYS integrate with external card processors?
Answer: Yes, the software features ready-made interfaces for connecting with national and international card and payment systems.
Question: How is the system updated in case of changes in legislation?
Answer: As part of the SLA, SIS Consulting Ltd. is committed to updating the system to reflect both regulatory changes and specific customer requirements.
What is the OraWEB internet banking system?
OraWEB is a high-end, web-based internet banking platform by SIS Consulting. It provides commercial banks and financial institutions with secure, fast, and 24/7 remote access for their corporate and individual clients, fully integrated with OraSYS.
The OraWEB system is a modern multifunctional system for accessing and managing both personal and corporate finances via the Internet in the banking and non-banking financial institutions sector.
The OraWEB remote e-banking system is built on a modular principle using state-of-the-art system platforms and architectural solutions in the construction of complex and substantial information systems. The system incorporates all the general and specific requirements necessary for its operation in today's environment, as well as all the financial technologies needed to serve the customers of a financial institution, regardless of their location.
Key Functionalities and Advantages of OraWEB:
- Maximum Security: Support for multi-factor authentication (MFA), software and hardware tokens, and QES (Qualified Electronic Signature).
- Corporate Banking: Specialized tools for business clients, including bulk payments, hierarchical approval workflows, and budget management.
- Payments: Supports national and international transfers via BISERA, SEPA, and SWIFT.
- Architecture and Scalability: Built with modern web technologies on a reliable Oracle DBMS database, ensuring stability under thousands of concurrent sessions.
FAQ about the OraWEB:
Question: Can OraWEB work with Core Banking systems other than OraSYS?
Answer: Yes, thanks to its flexible API architecture, OraWEB can be integrated as a front-end system with any existing core banking platform.
Question: Does OraWEB comply with the requirements of the Payment Services Directive (PSD2)?
Answer: Yes, the software fully complies with PSD2 regulations and Bulgarian National Bank (BNB) standards for Strong Customer Authentication (SCA).