"Banking information systems" implemented the project on migration of deposits from Bank of Moscow to VTB Bank

2019: Migration of term deposits

On January 17, 2019 the Banking Information Systems company reported that it completed the main stage on migration of term deposits in one of the largest Banks of Russia of VTB where after consolidation with Bank of Moscow technology integration is carried out. All complex of works was succeeded to implement in record time – 3 months.

According to the company, on a preparatory stage the main objectives which should be solved during reorganization of business on service of deposits were defined Bank Moscow: transfer complete stories of deposits, creation of a possibility of migration in parts, fulfillment of requirements on performance.

When implementing this project specialists of the large-scale integrated circuit paid special attention to high-speed performance of procedures of migration which was reached thanks to technology of multithreaded calculations. Parallelization allowed to accelerate migration performing procedures much. This technology gives an opportunity as much as possible to use the computing potential of servers and has the flexible mechanism on setup of a system for achievement of target temporary indicators.

The issue concerning opening of retail accounts and correct transfer of a remaining balance on deposits as a part of deposits of Bank of Moscow was conducted on summary accounts was separately resolved. In 2019 the Banking Information Systems company and VTB Bank will continue implementation of IT projects on migration of deposits.

2018: System implementation, allowing to accelerate customer service process

On June 20, 2018 the Technoserv Consulting company announced that it by request of VTB developed and implemented the system allowing bank to reduce a document package for adoption of the credit solution and also three times to accelerate customer service process.

Project Task

Change of approach of work of VTB with credit products became the main objective of the project. If earlier at the request of the client for means the bank made the decision on each specific product separately, then now the borrower for one visit can issue the whole complex at choice. It became possible thanks to automation of scoring processes.

Project Progress

The changed approach is based both on preferences, and on the client's opportunities. In addition to a cash loan the bank in addition can offer the credit card, refinancing of loans of other banks and the credit of VTB. Selecting the program of refinancing, the client has an opportunity to take a large sum, than the closed credit, i.e. to receive additional resources for hands. At the discretion of the borrower the bank can leave all complex of products for one or several visits.

I am sure that success of implementation of IT solutions more depends on harmonious work of the customer and integrator. And the started project - excellent confirmation to it. For implementation of a strategic business initiative of bank our command offered own product, and effect of implementation which we see, – result of effective cooperation of VTB and "Technoserv Consulting. Yury Matsygin, head of practice of Oracle "Technoserv Consulting

Project Results

Implemented with support "Technoserv Consulting" a system also allowed to reduce a document package, necessary for adoption of the credit solution by bank and to accelerate customer service process three times.

Earlier the borrower had to come to department with a complete document package. After execution of the request the decision on the credit was made within three working days. Now, after automation of scoring processes and their transfer to this system, is enough to provide to the client only the passport. The answer arrives online within five minutes. At the same time it is important to note that for each client the individual rate forms. Dmitry Polyakov, vice president, head of department of credit products of VTB

2014: Development of the module of Deferred tax assets and Obligations

On June 24, 2014 it became known of implementation in VTB Bank of the module - MONAKO. With integrator in the project the Cinimex company worked.

Project Task

The purpose of development of the module of Deferred tax assets and Obligations (MONACO) - automation of calculation of the amounts of deferred tax assets and obligations (ONA and ONO), formation of the corresponding reporting for all objects of tax accounting of JSC Bank VTB on which there can be not zero ONA and ONO.

Automation was required to VTB for execution of regulations of the Bank of Russia on an order of accounting of deferred tax liabilities and deferred tax assets of 11/25/2013 No. 409-P. as the platform for development also the free software — the Java platform and a set of appropriate technologies of Oracle company is selected modern.

Formalization of rules of calculation of ONA and ONO for one object of tax accounting implies the analysis of how transaction amounts are calculated for this object in accounting of bank and how transaction amounts in tax accounting for the subsequent finding of differences between accounting and tax accounting are calculated.

The complexity of a task considerably increased because of urgency of its solution - provision of the Bank of Russia left in December, 2013, the first postings on accounting IT/IT should be made no later than May 15, 2014.

Project Progress

Before a system design specialists of Cinimex company jointly with specialists of bank work in details out methodology of calculation of ONA and ONO for fifty transaction types which are subject to tax accounting.

The Cinimex company offered the client of service of consulting in formation of a type of the reporting, new to banks. The competence in the field of tax and accounting played a key role in a project success.

Project Results

MONACO is used in head structure of VTB bank, in all Russian bank branches, in Northwest settlement center VTB and also bank branches in New Delhi (India) and Shanghai (China).