MDM Bank transferred retail to a single platform "CFT-retail-bank"

MDM Bank completed the next stage of the large-scale project, one of the purposes of which − reduction of quantity of the used automated banking systems (ABS). The Moscow branch of bank of transaction of retail service is transferred from UniSab to the system of CFT Retail bank which together with a software package CFT Bank was selected from quality of the key core banking system.

After merge of MDM Bank and URSA of Bank in universal bank holding the IT department had to solve the difficult integration tasks aimed at optimization of a diverse IT landscape, upgrade of a hardware platform, reduction of number of the used core banking systems and unification of the systems of remote banking. Now the next step – consolidation of the systems of service of retail clients on a single platform of CFT Retail bank is taken.

"It, first of all, means "end-to-end service" when at any office of bank, in any city of presence it is identified as "" for our clients and can use the same set of services. Significantly remote service improved: now clients see the complete information on all the accounts and the credits including opened in other bank branches. Also clients can open directly through a personal account deposits online, and only for the first month after migration on exclusive Internet rates thousands of clients used a possibility of opening of deposits — Goykhman Elliot, CIO of MDM Bank says. — Consolidation of the core banking system of retail means an order and uniformity in all processes of service of natural persons for bank, from work with data of the client in the general system, before execution of agreements and accounting. It considerably reduces our regulatory risks connected with need of operational completions of several systems according to permanent changes of the legislation, and we focus the released time and resources on business development".

"Independent project implementation by resources of bank, on the one hand, is the testimony of high professionalism of an IT command of financial institution, with another – confirmation that CFT is ready to render to the clients different formats of support: from implementation of the "turnkey" systems before consultation during start of systems by forces of project team of bank — Andrey Visyashchev, the Chairman of the board of the CFT Group notes. — We very much value cooperation which at us developed with MDM Bank – the innovation and the progressive, aiming to offer clients the excellent service level. We are grateful to our partner for his choice of our innovative developments, long-term trust to CFT as to vendor and preserving of partner communications. It strengthens us in confidence that CFT offers banks some of the best IT solutions in the market for the financial sector"