Absolyut Bank upgrades the IT platform based on the solution of CFT

2020: Updating of the core banking system

In the Absolute Bank the first stage of the large-scale project on the ABS installation based on CFT Bank was completed. In a format of commercial operation the functionality for work with deposits of individuals began to work at this software. Announced this CFT on November 23, 2020.

Based on a system CFT Bank in the Absolute Bank the IT platform will be created. It will provide technology support of business of bank, end-to-end customer service in all offices of financial institution, a fast output to the market of financial products.

Use of the complex, productive, industrial core banking system CFT Bank with a potential of development and flexible regarding adaptation under requirements of business and the legislation – a natural step for technological bank, – Tatyana Ushkova, the chairman of the board Absolyut Banka commented on a project startup. – We carry out integration into deadlines as we understand that this platform will allow to increase considerably operational efficiency and to concentrate on the main thing – in time to provide to clients products and services necessary to them.

Within the first stage of integration of a system CFT Bank from the core banking system installed in bank is worked out functionality of the module "deposits" according to requirements of bank. By the beginning of 2021 all departments Absolyut Bank will open deposits in the system of CFT. Also in 2021 Absolyut Bank plans start of functionality of a system CFT Bank on work with car loans, a mortgage, RKO, investments and securities.

The most part of this project is executed by specialists of bank that confirms high professionalism of its IT command, – Andrey Visyashchev, the chairman of the board of the CFT Group says. – Implementation of this technology platform in credit institution of such scale is a global IT project with a set of integration tasks, labor-intensive process in which a great number of employees is involved. I am glad to note that Absolyut Bank well copes with this task, despite the objective circumstances connected with a pandemic and a format of remote work.