The Venets bank selected the EGAR E4 Banking platform for automation of the credit front office

The EGAR Technology company won the tender for delivery of the solution for automation of the credit front office of BANK VENETS Ltd. The high-tech solution on the EGAR E4 Banking SOA platform on automation of a broad spectrum of bank business processes and application integration completely meets requirements of bank according to the strategy of expansion of a branch network.

Project objective is automation of sales of credit products, including plastic cards, both through offices of bank, and through remote sales points and the partners performing functions of loan brokers. During the project it is going to integrate the delivered solution with the general processes of precredit processing and back office accounting of the credits and credit cards, to provide a possibility of reduction of risk of crediting due to implementation of tools of assessment of solvency and to implement a possibility of monitoring of credit obligations.

The first project stage assuming preliminary survey and preparation of technical specifications is at the moment complete. In the nearest future system implementation will begin.

The vice chairman of the board of VENETs bank Mikhail Kirsanov notes: "We selected the EGAR E4 Banking platform for crediting business process automation as the most flexible and practical solution capable to dynamically increase the functionality in the conditions of active business development of bank and its organization structure".

Gennady Ioffe comments on CEO EGAR Technology: "The flexibility and reliability of the EGAR E4 Banking platform is confirmed with more than five years' experience of its operation on the party of the Russian financial institutions of different scale of business and the nature of specialization. The Venets bank is a noticeable player of the regional market, and we are with satisfaction ready to support ambitious plans of its development".

The EGAR E4 Banking platform is implemented in the J2EE standards and the concept of SOA architecture. The solution includes a ready set of the modules integrated among themselves which provide end-to-end front-to-back automation of retail transactions of bank during the work with the credits and deposits, support loan operations of legal entities, credit risk management and also activity of collection divisions. EGAR E4 Banking has ready interfaces to the majority of the Russian core banking systems.