Alfa-Bank and EVRAZ built direct connection based on CyberFT

Alfa-Bank and Group EVRAZ built direct exchange of financial messages based on the CyberFT platform. The technology allows to send instructions to bank directly from the ERP system of the client. At the same time possibilities of the channel are not limited to work with ruble and currency payments. Alfa-Bank transferred to the usual circle of Group EVRAZ full-fledged functionality of a system of Client-Bank, including execution of currency exchange control, sending to bank of certificates of supporting documents, certificates of currency transactions, obtaining statements and other transactions. Integration with Alfa-Bank allowed EVRAZ to get direct access from the ERP system to the main set of settlement instructions that led to decrease in operating costs, increased convenience and speed of carrying out calculations.

Many corporations working with a big pool of clearing banks aim to reduce costs for work of personnel, administration and support of a set of systems the client bank. The fundamental solution is direct integration, or merge of ERP systems of the client and specific bank. However it is not always justified because of high initial costs on programming. Same is a barrier to creation of systems with participation of many partners.

"The CyberFT connection is provided employment external devices – virtual terminals that simplifies and reduces the price both of primary connection of the channel, and its further service. Along with it, support of the international standard of financial messages of ISO 20022 by the channel does it universal for interaction with any system. Thus, at correctly thought over solution architecture the client has an ability to integrate through CyberFT with all partner banks. Alfa-Bank has considerable experience of development and deployment of API solutions. Already today we implemented the broad spectrum of settlement services similar to systems capabilities of Client-Bank on usual Wednesday of EVRAZ. Developing the saved-up technology advantage, Alfa-Bank will aim at creation of the new integration services and systems meeting needs of our clients - including, with connection of other participants", - the director of transaction business of Alfa-Bank Pavel Ryazanov noted.