Bank "RostFinance" starts operation of ABS

2023: Launch of investment products using the Precious Metals and Ingots module

This year, KB RostFinance offered its retail clients a new line of investment products - bullion and coins made of precious metals. The product was sold using the module - "Precious Metals and Ingots" as part of ProgramBank.ABS BS. "

The module, in addition to standard products, offers customers additional services. For example, a client can purchase precious metal ingots and leave them for safekeeping in a bank. Or convert the ingot available at the client into a metal account for the same amount of precious metal.

The new retail product range will allow Rostfinance CB clients to expand their investment opportunities and get a new instrument to hedge their financial risks.

2013: Implementation of ABS

In 2013, RostFinance Bank changed ownership, followed by a revision of the development strategy of the financial institution.

The new strategy of the bank RostFinance demanded the introduction of the most advanced banking technologies and the bank opted for the IBS "Centauri Omega" of the company "ProgramBank," the development company said on June 20, 2013. The project is in the early stages of implementation.

Beginning

"The new owners of the bank set ambitious tasks for us. Now the bank is introducing the most advanced technologies and standards of banking. A bank that relies on technology must simultaneously choose both the supplier and the program. If one thing is good and the other is so-so, then there will be no result, "said Alexey Pospelov, head of the automation department of information systems. - We have long been eyeing the company "ProgramBank," first of all, based on the recommendations of colleagues from banks in our region. The experience of our colleagues shows that you can rely on ProgramBank. As for ABS, in addition to general requirements (functionality, flexibility, modern architecture), we had an additional requirement. The fact is that our bank is famous for its individual approach to each client. Now we need to maintain this individual approach in the corporate sector, and at the same time actively develop mass retail services. The product approach at Omega allows us to solve this problem. "

"KB Rostfinance plans to simultaneously actively develop its business and introduce new technologies," said Stepan Sokol, head of the Centauri Omega production center. - The task is difficult, requiring employees to be maximally involved in many parallel tasks at the same time and the ability to quickly revise the priorities of current activities against the background of constant lack of human resources. In such a situation, the implementation processes of the new ABS and its components require the supplier to be flexible, so that instead of an additional obstacle and another headache, ABS helps to solve new problems at the earliest stage of implementation. Fortunately, we have experience of such work, and Omega is very well adapted for implementation by components. "

Project progress

On December 18, 2013, the ProgramBank company announced the start of operation of the Omega ABS.

In December 2013, the partners in the project launched the main functionality of the solution: general ledger, cash management, reporting. In the near future, Rostfinance Design Bureau plans to gradually introduce back-offices for all areas of the bank's activities.

"The project of changing the entire automation system is quite complex, especially for a universal regional bank, the well-coordinated work of teams from the bank and from the solution provider is critical here," said Alexey Pospelov, head of the information systems automation department. - The experience of our joint work shows the actual customer experience of ProgramBank. This is what allows us to work together to achieve results. "