R-Style Softlab will update the core banking system in Bank of Baku

2020: Signing of the contract on upgrade of the core banking system RS-Bank V.6

On February 26, 2020 the company R-Style Softlab reported that together with Bank of Baku (Azerbaijan) signed the agreement on upgrade CORE BANKING SYSTEM RS-Bank of V.6. Updating of the available version of a system to more modern will allow to bank to develop effectively key activities, to increase customer service quality and to reduce operational risks.

As a result of project implementation on transition to the latest version of the core banking system Bank of Baku is going to receive the system meeting the modern requirements and trends in the field of bank automation. Updating of IT infrastructure of the key directions of business will allow us to increase attractiveness of services for retail and corporate clients, to create the modern banking allowing a message fast payments and 24/7 any banking activities and by that to strengthen positions in financial market of Azerbaijan, noted the head of the IT sphere of bank Anar Abbasov

Bank of Baku is our old client. Implementation of the modern version of the core banking system RS-Bank V.6 will help financial institution to increase the functionality necessary for implementation of ambitious plans for further development. The road map of this large-scale project consists of 3 stages which implementation assumes 3 years of joint works. Our specialists started inspection in bank. In 2020 we are going to implement 1 stage which includes replacement of a core of a system and transition to online integration of the core banking system with the front office system of bank that will allow to ensure financial institution functioning with 24/7 clients, reported Rinat Karimov, the deputy CEO and the director of the department of banking software of RS-Bank, R-Style Softlab