Risco Electronic Seizures

System Characteristics

• the management of seizures by a bailiff and administrative enforcement bodies
• the integration of banking systems in order to manage seizures by a bailiff with the KIR Ognivo system
• the exchange of information between an enforcer and a bank, and
• the archiving of data according to the obligation of storing data for 10 years.

The system provides:

• the information about the number of messages awaiting processing by a bank
• automatic registration of messages from internal bank systems
• automatic generation of answers based on business rules
• the management of an enforcer base
• updates of the enforcer base
• a mechanism of signing an answer with a qualified certificate

The solution can be integrated with a system for the management of seizures by a bailiff, which exists in a bank (the component functions as an additional source of data required in the process of the management of enforcement notes). It can handle a few full messages at once, within 1 second.

Key benefits from the implementation of the Risco Electronic Seizures system:

• it MINIMIZES the risk of not fulfilling the requirements of the law and of being punished for that
• it AUTOMATES a process, which has been, till then, realised manually
• it can be ADAPTED to the needs of any bank
• it SAVES time and reduces the costs of system management
• it can be EXTENDED in order to accommodate the specific requirements of a particular bank
• it is EFFICIENT because it processes an enormous number of messages in a short time, and
• it can be AUDITED, i.e. it has a detailed log of message processing that can be used in a crisis situation