OTP Bank replaced the core banking system

On September 1, 2015 the CFT company announced end of the next stage of the project on transition of OTP of Bank to a system CFT Bank and to start of the centralized service model.

Project Results

In OTP Bank multistream applications CFT Bank for a retail back office are implemented. It helped OTP to Bank to transfer processing of the consumer loans issued in several tens points of POS crediting to a system CFT Bank.

OTP Bank, 2014

"For CFT it is the first project of industrial implementation in bank of multistream applications for a retail back office — Andrey Visyashchev, the chairman of the board of the CFT Group noted. — The task became complicated those scales of retail business which OTP Bank has. Our partner takes the second place on a share of the Russian market of POS crediting, and we should transfer this business direction to multistream applications of CFT".

"Implementation of the multistream applications developed especially for bank retail allowed OTP to Bank to lift limits by the number of the processed retail client agreements in the uniform core banking system — all procedural processing procedures retail are performed in the background without stopping service now" — Maxim Pustovoy, the vice chairman of the board of OTP of Bank emphasized.

Multistream applications — the technological solution CFT providing to the software products created on the basis of Platform 2 MCA, high rates of performance. It belongs first of all to a system CFT Bank (Platform 2 MCA).

"In a configuration with multistream applications system performance increases by six-seven times — Andrey Visyashchev said. – It allows bank to process not millions, but tens of millions of transactions any more. CFT Bank (Platform 2 MCA) in a configuration with multistream applications as a retail system for large banks of federal level recommends to CFT a system. OTP Bank also treats such financial institutions".