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OLBANK / PLATFORM CAPABILITIES

Business banking.
In full detail.

Explore the 15 functional areas of OLBank, spanning customer-facing digital banking, transaction services, corporate controls and bank-side operations.

01

Banking relationship overview and management

  • Consolidated view of the banking product portfolio
  • Personalized dashboard with relevant financial information
  • View current accounts and available and ledger balances
  • View recent transactions
  • Access information on loans, deposits and cards
  • Access banking services and products according to user permissions
  • Multi-Company Banking – users can access and operate accounts and products of multiple companies, subject to the permissions and authorization levels granted for each company, switching between authorized companies without logging in again
  • Customize account names (aliases)
  • View bank exchange rates and interest rates
  • Access fees, banking documents and forms
02

Current accounts and transactions

  • View account details: IBAN, currency, status, balances and interest rates
  • Review transaction history, regardless of the channel used
  • Search and filter transactions by period, amount and details
  • View blocked amounts on accounts
  • View and download account statements
  • Generate statements for selected periods
  • Export statements in PDF and MT940 formats
  • Export transaction history in PDF and Excel formats
  • Generate supporting documents for transactions
  • Submit requests to open current accounts in different currencies
03

Payments and transfers

  • Initiate RON payments to accounts within the same bank
  • Initiate interbank payments in RON
  • Initiate domestic and international foreign-currency payments
  • Initiate SEPA payments in EUR
  • Initiate urgent payments
  • Transfer funds between own accounts
  • Schedule payments for a future processing date
  • View and cancel scheduled payments before processing
  • Pay suppliers and billers
  • Enter beneficiary- and payment-specific information
  • Validate payment details, including IBAN, BIC/SWIFT and fees
  • View initiated payments and their status
  • Search payments by beneficiary, account, currency, period and status
  • Reinitiate payments based on previous transactions
  • Create, modify and delete payment templates
  • Manage personal and shared templates
  • Import payments from files
  • Validate imported payments individually
  • Process and authorize payments in batches
  • Prevent duplicate payment-file uploads
04

Foreign exchange

  • Exchange currencies between own accounts
  • Buy and sell foreign currency
  • View the bank’s exchange rates
  • Apply exchange rates according to transaction value
  • Initiate foreign-exchange transactions at negotiated rates
  • Review bought and sold amounts before confirmation
  • View and generate foreign-exchange confirmations
05

Savings and deposits

  • View the deposit portfolio
  • View deposit details: amount, currency, interest rate and maturity
  • Open term deposits
  • Select standard savings products
  • Open deposits under negotiated terms
  • Simulate deposits, including interest, tax and maturity value
  • Set maturity options: closure, renewal or capitalization
  • Select the account for interest payments
  • Modify and close deposits subject to product terms
06

Loans

  • View active loans
  • View approved amounts, utilized amounts and outstanding balances
  • View loan interest rates and maturities
  • View repayment due dates and amounts
  • View any overdue amounts
  • View repayment schedules
  • Initiate payments from loan accounts, subject to bank configuration
07

Cards

  • View active cards associated with the customer
  • View card details: status, expiry date and linked account
  • View available balance
  • View card transactions
  • View blocked card amounts
  • Access card issuance request forms, depending on configured services
08

Recurring payments and Direct Debit

  • Initiate Direct Debit mandates
  • Activate mandates using details from an existing payment
  • Modify and cancel Direct Debit mandates
  • Set up recurring payment instructions (Standing Orders)
  • Configure recurring payments from a previous transaction
  • Modify and cancel Standing Orders
  • Authorize operations related to mandates and recurring payments
09

Transaction authorization and signing

  • Electronically sign banking transactions
  • Authorize payments individually or in bulk
  • Apply signature schemes for corporate customers
  • Define signature classes and amount thresholds
  • Separate transaction entry and approval roles
  • Configure authorization by transaction type, amount and currency
  • Authorize transactions using OTP and challenge-response mechanisms
  • Use mobile signatures or digital certificates
  • Apply authorization rules to each transaction
  • Control access to banking operations and products according to user permissions
  • Integration of passkey mechanisms based on FIDO2 and W3C WebAuthn specifications for authentication and signing
  • Integration of certificates issued by Digisign and Certsign for authentication and signing
10

Communication, messaging and notifications

  • Two-way communication between bank and customers
  • Send and receive secure messages
  • Attach documents to messages
  • View conversation history
  • Send messages requiring mandatory read confirmation
  • Notify customers of transaction processing or rejection
  • Send alerts and notifications by email, SMS and push
  • Configure alerts linked to banking products
  • Communicate due dates and banking events
  • Automatically process certain message categories through integration with bank systems
11

User and banking service administration

  • Enroll customers in Internet Banking and Mobile Banking
  • Subscribe users to the bank’s digital services
  • Manage users and access rights
  • Associate users with customers and banking entities
  • Define and manage operational roles
  • Configure services and operations available to each customer
  • Manage authentication methods
  • Block and unblock users
  • Manage user profiles and preferences
  • Configure authorization limits and rules
12

Back-office and operational control

  • Monitor transactions initiated through digital channels
  • Authorize transactions requiring bank approval
  • Manage transactions at different processing stages
  • Accept or reject instructions submitted by customers
  • Review reasons for transaction rejection
  • Manage workflows for processing requests
  • Manage customer messages and requests
  • Configure forms used in the customer–bank relationship
  • Configure application operational parameters
  • Monitor user activity and processes
13

Reporting, audit and monitoring

  • Generate operational reports on Internet Banking activity
  • Review payment, transfer and foreign-exchange logs
  • Review deposit opening and account opening logs
  • Monitor Direct Debit and Standing Order operations
  • Identify rejected transactions and reasons for rejection
  • Check transaction status using internal references
  • Monitor daily transaction volumes and active users
  • Generate monthly statistical and comparative reports
  • Audit user access and functionality usage
  • Review authentication and activity logs
  • Configure reports and export results in multiple formats
14

Business process configuration and orchestration

  • Model the bank’s operational processes
  • Configure approval and authorization workflows
  • Define manual and automated process activities
  • Configure roles participating in processes
  • Define execution parameters and rules
  • Launch processes on user request or based on scheduled events
  • Manage task lists (worklists)
  • Monitor process execution and status
  • Configure and manage process-related reports
  • Adapt operational workflows to the bank’s internal procedures
15

Omnichannel IB/MB experience

  • Access banking services through Internet Banking and Mobile Banking
  • User experience adapted to desktop, tablet and smartphone devices
  • Continue operations across channels, including initiating on one device and signing on another
  • Personalized interface based on user and role
  • Contextual access to banking product operations
  • Customize the workspace
  • Quickly search for information and operations
  • Access information and documents electronically
  • Deliver a unified digital banking experience

Capabilities are reproduced from the supplied OLBank Business Functionalities Catalog. Availability and configuration may vary by implementation.