Transcreditbank changes the core banking system and completes data migration of the credits

Transcreditbank completes data migration on accounting of the credits of individuals from the distributed core banking systems "Diasoft 5 NT" in the centralized core banking system InvoRetail, the press service of bank reported on December 19, 2012.

Objectives

The main objective of consolidation of banking products - uniformity and standards in service of products, it will allow in the future merge to systems VTB 24 and also to pass to uniform standards of VTB Group within integration processes.

According to data of bank, for December 19, 2012 migration of the credits is complete for 75%. 180 thousand agreements are transferred to a single platform. During data processing converters of unloading/data loading are created and debugged, data exchange between the core banking system InvoRetail, the corporate data warehouse and the front office LoanHub system is finished.

The director of technology directorate of Transcreditbank Denis Sotin noted: "The project of migration of the credits for the uniform IT platform is included in the list of important projects at integration of Transcreditbank into VTB Group. It is long and laborious work which is conducted since February, 2012. During the first quarter 2013 the project should come to the end, and since April first, 2013 bank branches will keep account of all credit products in the core banking system InvoRetail".