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CREDIT BUREAU

ASSOCIATION OF SERBIAN BANKS (ASB) CREDIT BUREAU (CB). CREDIT BUREAU. Rade Bačković, CB Head Predrag Rajačić, Belit Srećko Atana s ković, E-smart systems. AGENDA. FOUNDATION DEVELOPMENT CHARACTERISTICS OF THE SOLUTIONS EF FECTS OPINIONS TECHNOLOGY ASPECTS IS CHARACTERISTICS.

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CREDIT BUREAU

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  1. ASSOCIATION OF SERBIAN BANKS(ASB) CREDIT BUREAU (CB) CREDIT BUREAU Rade Bačković, CB Head Predrag Rajačić, Belit Srećko Atanasković, E-smart systems

  2. AGENDA • FOUNDATION • DEVELOPMENT • CHARACTERISTICS OF THE SOLUTIONS • EFFECTS • OPINIONS • TECHNOLOGY ASPECTS • IS CHARACTERISTICS

  3. FOUNDATION • FOUNDED ON 18.02. 2004 WITHIN ASB PURSUANT TO THE AGREEMENT CONCLUDED BETWEEN ASB AND BANKS • BECAME OPERATIONAL ON NOVEMBER15TH2004 • DATA SOURCES AND USERS OF THE REPORTS ARE: • ALL BANKS (43) • ALL LEASING COMPANIES (13) • ALL GOVERNMENT AGENCIES AND FUNDS (GUARANTEE FUND, DEVELOPMENT FUND, EXPORT FINANCING AGENCY, ETC.) • A NUMBER OF TRADERS

  4. FOUNDATION • CURRENT ACTIVITIES ARE THE INCORPORATING OF: • THE TAX ADMINISTRATION • LARGE TRADE ORGANIZATIONS IN THE NEXT PHASE OTHER SOURCES WIL GET CONNECTED: TELCOS, PUBLIC SERVICE ORGANIZATIONS, ELECTRIC POWER SUPPLY COMPANY, AND OTHERS) • ADMINISTRATION AND MANAGEMENT BODIES: • ASB MANAGING BOARD • BUSINESS COUNCIL – OPERATIVE BODY • MANAGER FROM THE ASB

  5. DEVELOPMENT • DATA SOURCES WERE INCORPORATED INTO THE SYSTEM ACCORDING TO THE SIZE OF CITIZENS’ AND LEGAL ENTITIES’ OBLIGATIONS: • BANKS • LEASING COMPANIES • DEVELOPMENT FUND • STATE (TAXES) • RETAIL • OTHER INSTITUTIONS (TELCOS, PUBLIC SERVICE ORGANIZATIONS, AND OTHERS) • THE FIRST TO BE SUPPORTED WERE CITIZENS’ OBLIGATIONS, FOLLOWED BY OBLIGATIONS OF LEGAL ENTITIES TO INSTITUTIONS STATED ABOVE

  6. CHARACTERISTICS OF THE SOLUTIONS • COMPLETELY SELF-DEVELOPED SOLUTION (THE FIRST CBWAS FOUNDED IN SERBIA IN 1928 AND LASTED UNTIL 1941, EXPERIENCE OF THE 26 CBs WORLDWIDE WAS EXAMINED) • COMPLETE DATA ON CITIZENS’ AND LEGAL ENTITIES’ OBLIGATIONS, BECAUSE CB IS RECEIVING DATA FROM ALL CREDITORS AND ABOUT ALL THEIR CUSTOMERS • DATA ARE UPDATED DAILY • FOR CITIZENS, DATA ARE MAINTAINED ABOUT THEIR: • REAL OBLIGATIONS (LOANS, LEASING, CREDIT CARDS, OVERALL CREDITS UNDER CURRENT ACCOUNTS AND ACTIVATED WARRANTIES)

  7. CHARACTERISTICSOF THE SOLUTIONS • CONTINGENT LIABILITIES (CITIZENS’ WARRANTIES), • AND REGULARITY IN MEETING THE OBLIGATIONS • FOR LEGAL ENTITIES DATA ARE MAINTAINED ABOUT THEIR: • REAL OBLIGATIONS,LOANS, LEASING, ACTIVATED GUARANTEES,ACREDITIVES) • CONTINGENT LIABILITIES (WARRANTIES, GUARANTEES, NON-COVERED ACREDITIVES, AVALS) • DATA SOURCES SOLVE THE CLAIMS ON DATA INTEGRITY ON THEIR OWN, AND MAKE CHANGES IN THE DATA, AS THE DATA FALL UNDER THEIR COMPETENCE • BANK COUNTERS (1700) ARE THE CB COUNTERS • FOR DIFFERENT SERVICES DIFFERENT REPORTS EXIST, AS WELL AS A REPORT WITH A SCORING

  8. CHARACTERISTICSOF THE SOLUTIONS • REPORT FOR A CITIZEN FROM CB MAY BE OBTAINED ONLY WITH THE PERSONAL SIGNED CONSENTOF THE CITIZEN, AND THE REPORT FOR A LEGAL ENTITY WITH THE CONSENT OF THE AUTHORIZED PERSON • THE TIME BETWEEN APPLYING FOR AND RECEIVING THE REPORT TAKES ABOUT 7 SECONDS ON AVERAGE

  9. EFFECTS • ENFORCING ORDER TO BANK DATABASES • SETTLED OBLIGATIONS FROM THE PAST • THE TIME OF REQUEST PROCESSING SIGNIFICANTLY REDUCED AND, CONSEQUENTLY, THE REQUEST PROCESSING COSTS • BANKS ENABLED TO INTRODUCE NEW PRODUCTS • LOWER INTEREST RATES DUE TO LOWER RISK • CITIZENS’ OVER-INDEBTEDNESS PREVENTED

  10. OPINIONS • INTERNATIONAL MONETARY FUND – THE CREDIT BUREAU IN SERBIA IS A SUCCESS STORY • THE WORLD BANK – A UNIQUE PROJECT IN THE WORLD • NATIONAL BANK OF SERBIA – INTRODUCED OBLIGATORY OBTAINING OF REPORTS FOR ALL LOAN AND LEASING USERS

  11. Data Submission • Daily submission of data (submission of new data, and changes in the status and values of the existing data) • Defined standards for data exchange between Data Source and the Credit Bureau • Client applications for data import and transmission • Syntax and semantic validation in the data source • Digitally signed data

  12. Data Acceptance • Data submission into private data source space • Data source responsible for accurate and updated data • Only Data source is authorized to add, change or remove data • Access to data only on the basis of the consent given by client

  13. Reporting • Client application for report issuance • A possibility of the B2B option (client application integrated in report user’s information system) • Digitally signed approvals • Report generation in electronic form • approval-based search of private spaces • filling the reporting database • generation of encrypted pdf report document • report submission to the user

  14. Technology, services, products • MS Windows 2003 Server platform: • MS Windows 2003 Server (Standars or Enterprise) OS • MS Network services (DNS, DHCP, IPSEC) • MS Active Directory (W2k3) • MS Message Queue services (Http Support) • MS Certificate Services • Schlumberger CSP, MS Smart Card services, Cryptoflex 8k v2 smart cards • MS IIS 6.0 (ASP.NET) • .NET Framework 1.1 • ADO.NET • MS SQL 2005 • MS Exchange 2003 • MS ISA Server 2004 • Development platform VS .NET 2003

  15. IS Architecture

  16. Server resources... Over 30 servers grouped by functions: • Domain controlers, • Ifrastructure servers (DNS, DHCP), • CA servers • Colaboration servers, • File and FTP servers, • Data servers • Application servers • Web servers

  17. Phisical resource allocation

  18. Communications and connecrions

  19. SD3 + Communications Secure by Design Secure by Default Secure in Deployment Communications Security aproach... • Secure architecture • Security aware features • Reduce vulnerabilities in the code • Reduce attack surface area • Unused features off by default • Only require minimum privilege • Protect, Detect, Defend, Recover, Manage • Process: How To’s, Architecture Guides • People: Training • Clear security commitment • Full member of the security community • Microsoft Security Response Center

  20. Security Perimeters

  21. B2B Architecture - resources

  22. Credit Bureau facts ... • Web and Windows services oriented system with fully integrated Identity management based on digital certificate on Smart Card • 50+ Data sources with daily updates • 80 GB Data Base • 3,000,000 citizens • 380,000 enterprises • more than 1700 external clients • Availability period 8-20 • 2-4 seconds response time • 8000 reports daily • Highly automated (5 business people and 4 support man) • Scalabe • Ready for interconnection…

  23. Contacts • kreditni.biro@finnet.co.yu • office@e-smart.co.yu

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