BMV Bank updated the IT platform and outsourced ABS to CFT

2021: Upgrading the IT Platform and Outsourcing ABS to CFT

BMV Bank implemented a project to modernize IT the platform: translated the key ones business processes into one ABS "CFT-Bank" placed at the facilities. DPC CFT This was announced on August 23, 2021 by the CFT company. Comprehensive support of ABS users, maintenance, development and updating of the system will be carried out by CFT specialists.

BMV Bank represents Russia BMW financial a division in Financial Services. BMW Group The bank is focused on the implementation in the Russian Federation of retail programs for the crediting purchase transport of funds, as well as corporate lending to official BMW dealers.

The choice of BMV Bank in favor of transferring ABS support to outsourcing (ZFT-Bank systems) was dictated by the need to carry out - IT modernization in a short time with minimal involvement of internal IT resources, as well as the need to ensure continuous maintenance and development of the system in the future. CFT develops the CFT-Bank system taking into account banking practices and current regulatory requirements.

During the implementation of the CFT-Bank system for BMV Bank, CFT specialists completed a number of improvements in accordance with the requirements of the customer's business: improvements were made to integrate ABS with the front system and credit application processing system, with the operational data warehouse (ODS) and with the systems of partner banks "BMV Bank."

The capabilities of the IT platform will allow BMW Bank to quickly make changes to business processes, quickly increase the functionality of the IT system, dynamically create new products and generate current offers for customers. Outsourcing of ABS support will allow BMV Bank specialists to focus on their key business tasks, while comprehensive technological support for the platform will be carried out by CFT employees with expert knowledge.

2020: Replacement of ABS with ZFT-Bank complex

BMW Bank"" and the company Financial Technology Center signed a cooperation agreement. This was announced by the CFT on October 28, 2020. In the near future, BMV Bank will replace ABS the information banking complex used for CFT-Bank it, which will be located at the CFT facilities DPC. Vendor will take over the support of the CFT-Bank system users, support and development of the system, updating ON in accordance with the requirements of the legislation.

BMV Bank represents BMW Financial Services, the financial division of BMW Group, in Russia. The bank is focused on the implementation in the Russian Federation of retail and corporate lending programs for official BMW dealers. The choice in favor of the CFT BMV Bank system was made as a result of a tender for the choice of a technological solution for integrated business automation.

The CFT-Bank system meets the requirements of the autobank in terms of the level of functionality implemented, scalability properties. Key business processes will be automated at BMW Bank based on ABS CFT. The outsourcing model of using the CFT-Bank system will provide the financial institution with the opportunity to switch to other software in a short time, optimize IT costs in the future. The flexibility of the system will allow the CFT partner bank to quickly respond to changes in business processes and market conditions, quickly increase the functionality of the system, dynamically create products and form offers for customers.

As of October 2020, BMV Bank is implementing an active phase of the CFT-Bank system implementation project.