CFT the Cloud solution for interaction of the core banking system with the Marketplace of the Bank of Russia

2019: Submission of the solution for interaction of the core banking system with the Marketplace of the Bank of Russia

On April 8, 2019 CFT presented to clients a cloud solution for interaction of the core banking system with Marketplace of the Bank of Russia

Marketplace of the Bank of Russia is the platform for all participants of financial market which part are: the show-windows aggregators showing to consumers information on financial products; the special platforms on different financial products which are technology connecting show-windows aggregators to suppliers of financial products.

In the project progress the platform on bank deposits is already prepared for start in commercial operation. A technology partner of the project of Marketplace and operator of the platform through which bank deposits will be attracted is the Moscow Exchange.

The corresponding technology tools are necessary for connection of bank to the electronic platform. The solution of CFT company is developed in close cooperation with experts of the Moscow Exchange. During its creation the modern technologies of integration providing effective and safe technology interaction of the core banking system of bank with the system of Marketplace of the Bank of Russia are applied. The safe scheme of connection in a cloud in accordance with GOST is implemented, data transfer protocols of the platform of MICEX are supported, caching of the core banking systems given in case of unavailability is provided, regarding personal data protection the current legislation is observed.

The project of Marketplace of the Bank of Russia assumes close technology integration of its different participants – operators of platforms, the National Settlement Depositary (NSD), partner banks, show-windows aggregators – Andrey Visyashchev, the Chairman of the board of the CFT Group says. – We developed the tool for interaction of the core banking system of bank with platforms of Marketplace. It is a cloud solution: the bank has an opportunity of a fast input in the project at the technology level and at the same time optimizes the costs for creation of necessary IT infrastructure. Access to the software is provided via the web interface".

The cloud solution of CFT provides: processing, conversion and transfer of applied requests according to the specifications existing for the platform of financial services. The functional component of the solution of CFT will be consistently developed according to expansion of a line of the financial products placed on platforms of Marketplace. For April, 2019 the functionality for connection of bank to the Deposits platform is implemented. The bank can transfer to the platform financial products for sale, create the file of the client, transfer on demand data on accounts of the existing client from the core banking system to the platform, send to the platform of the notification on changes according to the deposit agreement.