VABS — Back-Office and Core Banking Platform
Challenge
Financial companies frequently operate through disconnected payment, compliance, CRM, accounting, risk-management, and reporting systems. This fragmentation creates duplicate work, inconsistent data, complex reconciliation, slower customer service, and limited control over tariffs and financial products.
The goal was to create a unified operational platform capable of supporting different payment scenarios, regulatory workflows, customer segments, and monetization models.
Financial companies frequently operate through disconnected payment, compliance, CRM, accounting, risk-management, and reporting systems. This fragmentation creates duplicate work, inconsistent data, complex reconciliation, slower customer service, and limited control over tariffs and financial products.
The goal was to create a unified operational platform capable of supporting different payment scenarios, regulatory workflows, customer segments, and monetization models.
Solution
ilink developed VABS, a modular back-office and core banking platform that combines:
- SWIFT, SEPA, BSB, and IFSC payments;
- Internal, B2B, and P2P transfers;
- Recurring and bulk transactions;
- Multi-currency accounting;
- Automated reconciliation;
- KYC and KYB workflows;
- Sanctions and PEP screening;
- KYT monitoring;
- Risk scoring and transaction controls;
- Maker-checker approval workflows;
- Configurable tariffs, fees, spreads, and limits;
- A 360-degree customer and transaction view;
- Cloud and on-premise deployment.
Additional modules can support cards, deposits, lending, CRM, segmentation, reporting, and other financial products.
ilink developed VABS, a modular back-office and core banking platform that combines:
- SWIFT, SEPA, BSB, and IFSC payments;
- Internal, B2B, and P2P transfers;
- Recurring and bulk transactions;
- Multi-currency accounting;
- Automated reconciliation;
- KYC and KYB workflows;
- Sanctions and PEP screening;
- KYT monitoring;
- Risk scoring and transaction controls;
- Maker-checker approval workflows;
- Configurable tariffs, fees, spreads, and limits;
- A 360-degree customer and transaction view;
- Cloud and on-premise deployment.
Additional modules can support cards, deposits, lending, CRM, segmentation, reporting, and other financial products.
Results
VABS provides one operational environment for payments, compliance, risk management, customer service, pricing, and financial reporting.
The platform helps financial businesses reduce fragmented workflows, automate routine operations, improve data visibility, and introduce new payment and banking products without replacing the entire infrastructure. Its modular architecture allows each company to configure the system around its regulatory, operational, and commercial requirements.
VABS provides one operational environment for payments, compliance, risk management, customer service, pricing, and financial reporting.
The platform helps financial businesses reduce fragmented workflows, automate routine operations, improve data visibility, and introduce new payment and banking products without replacing the entire infrastructure. Its modular architecture allows each company to configure the system around its regulatory, operational, and commercial requirements.