The St. Petersburg bank passes to a technology platform of CFT

JSC St. Petersburg Bank changes the IT-platform - one of the largest federal banks in Russia implements information complex CFT Bank (Platform 1). It is the first joint project of the CFT Group and CSBI Group on transfer of large multifilial bank from IBS of Banker/missile defense (CSBI developer) on the system of new generation - CFT Bank.

The St. Petersburg bank takes strong positions in all main markets of banking services. Today the Bank services over 1 million individuals and 35 thousand companies in 36 branches and offices in St. Petersburg and the Leningrad Region, Moscow, Kaliningrad and Nizhny Novgorod. The strategy of Bank assumes gain of positions in retail business: Internet banking development, expansion of a branch network, improvement of service in plastic cards, acquiring development, expansion of credit proposals to individuals.

Pavel Filimonenok, the Vice chairman of the board "St. Petersburg Bank notes: "Transition to the new platform — a part of our program for creation of the IT infrastructure focused on retail market. We did a great job before making a choice. The most different alternatives were considered — to develop "the Banker / About", to implement a foreign system or to use the solution of the Russian development. Together with CSBI Group, our strategic partner in implementation of IT projects, we carefully analyzed all possible options, and on set of factors made a choice for benefit of the solution of CFT. We are sure that it is the best alternative as in terms of technology of transition which jointly execute CSBI and CFT, and from the point of view of invested means".

By January, 2012 in a single centralized system based on CFT Bank the Head office, all additional offices in St. Petersburg and five bank branches "St. Petersburg" will be joint: Moscow, Kaliningrad, Nizhny Novgorod, Priozersk and Kirishi.

"The share of the projects executed by CFT company in banks of federal scale constantly grows, - Andrey Visyashchev, the Chairman of the board of the CFT Group says. - Implementation of our technology platform in the largest Bank of North-West Region of Russia – responsible and large-scale work. Our new client has many plans for business development and our main task – precisely and in time to satisfy needs of the customer, to execute the project at the high level. It is important that in this project we work together with CSBI Group company which is more than 10 years a strategic IT-partner of bank. Due to consolidation of efforts of two companies we will be able to reduce terms on implementation and practically to minimize risks. In completion of this large-scale implementation the Bank will receive the full-function centralized banking system of new generation adapted for his individual requirements".

Transition to the new centralized and high-performance technology platform will provide to business of Bank ample opportunities for further development. Andrey Visyashchev so estimates perspectives for St. Petersburg Bank from project implementation: "The bank will receive in the order the powerful IT-platform for the solution of strategic tasks. Functionality of information complex CFT Bank will provide to our partner transition to qualitatively new level of implementation of business processes".

Within the first stage of implementation in St. Petersburg Bank settlement and cash services, maintaining and accounting of cash transactions, deposits, the credits, currency exchange transactions, maintaining foreign exchange contracts, conversion transactions, the obligatory reporting of the Central Bank of the Russian Federation, tax accounting and also maintaining archive of documents in electronic form will be transferred to a new banking information system.