Cetelem Bank completed upgrade of technology of calculation of reserves

In September, 2014 the first of three stages of the project on creation in Cetelem Bank of the data warehouse based on the Neoflex Reporting system, necessary for receiving 26 forms of the obligatory reporting came to the end.

System implementation of Neoflex Reporting will allow Cetelem to Bank to increase the speed of obtaining the reporting and, as expected, considerably will increase efficiency of financial divisions of bank.

All project includes implementation of the majority of obligatory forms of the reporting, including such irregular credit shapes as 115, 118, 125, daily calculation of standards and also new forms 123 and 127 for implementation of requirements Basel III. For the first six months of the project specialists of Neoflex unrolled the data warehouse, executed loading and data scrubbing and prepared five forms of the obligatory reporting: 0409101, 0409102, 0409302, 0409115, 0409125.

Data-refresh in storage is performed using the solution of third-party vendor using technology of occupation of "delta". An essence of this method in periodic unloading from the systems sources only of those data which were changed. In case of Cetelem of Bank use of such technology is necessary as during the work with a big array of information process of obtaining the obligatory reporting can be considerably accelerated.

Significant projects on creation of data warehouses were kept in banks which selected Neoflex Reporting as a reliable and productive system capable monthly to process more than 20 million personal accounts. Among them "the Renaissance there is a Credit", Cetelem Bank, the Sviaz-Bank, GE Money Bank and other credit institutions.

"Before the project the Neoflex company executed a pilot project in bank, and in only 15 days specialists of the company unrolled form 0409115. After that stress testing of a form was held, ― Sparinapti Anton, the director of business development of Neoflex company commented. ― Results of testing of a form matched reference, besides, during stress testing was established that at increase in the current volumes of bank by 4 times time of calculation of a form will not exceed one hour. It finally convinced bank of correctness of the choice, and the task for the next one and a half years — to automate receiving 26 forms of the obligatory reporting was set for the company".

Project Results

On October 18, 2016 the Neoflex company announced automation of calculation of reserves by request of Cetelem of Bank.

In the conditions of business development of Cetelem the Bank had to solve a problem of accumulation of performance when calculating reserves for loan agreements - the available functionality did not suit bank on calculation time. After tender selected the module "Calculation of Reserves" from composition of Neoflex Reporting optimized under processing of large volumes of data from bank.

Advertizing "Cetelem of Bank", (2015)

The module "Calculation of Reserves" is implemented in Cetelem Bank within five months. According to the results of the project the customer received the solution which executes calculation of reserves for 600 thousand agreements, less than in 40 minutes.

Cetelem the Bank began operation of the module "Calculation of Reserves". Works on system implementation were performed by Neoflex company.

Due to the need of optimization of time of calculation of reserves and the planned growth of the portfolio of bank, as an optimal solution of a problem of calculation of reserves the bank selected the module "Calculation of Reserves" which is composition of Neoflex Reporting. According to the results of the project we highly appreciate professionalism of a project team of Neoflex and the implemented solution. Vladimir Filichev, chief accountant of Cetelem of Bank

The solution of Neoflex completely closes requirement of Cetelem of Bank for accounting of reserves. Implementation of the module allowed to reduce several times time of calculation and will allow bank to manage in the future quickly algorithms of distribution of agreements by portfolios. Anton Sparinapti, director of business development of Neoflex company