Union of joint stock bank (Oracle Financial Services Applications (OFSA))

"UNION" is going to develop business of bank due to retail services, in particular, of crediting. The rate for work with individuals means expansion of a zone of presence, increase in number of branches and points of service: by 2011 the bank is going to open more than 100 points of service across all Russia. All this attracts increased requirements to an information system of bank.

The comprehensive program will mention all components of an information system of bank - from IT infrastructure to the solutions providing business functionality. The program will be performed in 3 stages and will last till 2010.

Within the uniform program of upgrade several large-scale projects mentioning all main functional applications will be implemented.

The purposes of the program are:

• implementation at head office of bank of the new core banking system;
• creation reliable, scalable and capable to provide growth of business of IT infrastructure;
• transparent, technological and reliable application integration via the uniform mechanism;
• creation of a system of the obligatory reporting for the Bank of Russia;
• creation of a system of the management reporting.

The program which will be completely implemented by bank and OTR company as the consultant and the system integrator started in the second quarter 2007 with the consulting project during which experts OTR booked audit of an information system of bank according to the international standard COBIT, and together with IT specialists of bank developed the IT strategy of bank.

At the first stage of program implementation (December, 2007-2008) the core banking system and the integration solution should be implemented, the analytical system and the system of the obligatory reporting based on Oracle Financial Services Applications (OFSA) are constructed and also the automated system of control of transactions (AML) ─ FI Monitoring developed OTR is implemented. Besides, design of a hardware and software system and ensuring interproject interaction, management of a vista shot of works, will be performed by risks, quality, changes of the program.

In November OTR was organized the expert choice of the core banking system and integration solution, the GAP analysis is carried out and necessary completions are defined. The management of bank made the decision on implementation of the core banking system Misys Equation and the integration solution IBM WebSphere Business Integration.

At the second stage (2009) implementation of the core banking system (functionality for corporate business) in all bank branches will be performed.

At the last stage (2010) a transfer of retail business on TsABS at head office and branches and also the tender choice and implementation of the uniform front office of bank will be made.