Renaissance Credit, together with Diasoft, launched a brokerage service

2021: Launch of brokerage service

Renaissance Credit Bank and Diasoft announced on September 14, 2021 the implementation of a large-scale project, as a result of which more than 14 million bank customers can conduct operations in the securities market, and new customers can easily and quickly connect to trading on the exchange and start investing.

{{quote 'author = said Tatyana Hondru, First Deputy Chairman of the Board, Senior Vice President, Retail and Investment Business Development, Renaissance Credit. |

In 2020, the world changed: we saw how the global financial market rebuilt after the lockdowns, and reacted to these changes with the development of a different direction - investment business. In Russia, interest in long-term planning and capital management, investments and the securities market has multiplied, and we have begun to search for a technological partner with whom we could implement plans to open brokerage services in a short time - at a level that meets the needs of customers. We see that we are moving in the right direction thanks to the first results obtained - our product is in high demand among customers,}}

The operational launch of this line of business required a whole range of work - from the development of a solution to the implementation of an IT system to ensure the bank's work in financial markets and the development of a strategy for launching the product on the market. Having the necessary competencies and software product, which is part of the Digital Q.FinancialMarkets development platform, Diasoft has become a technological partner of the bank for the implementation of the project.

Following a thorough analysis of the bank's existing IT architecture, Diasoft specialists prepared and agreed on a description of the business processes of the bank's divisions involved in brokerage services. After that, the project for the implementation of the Diasoft back-office solution, consisting of components for automation of accounting, internal, depository, tax accounting and reporting, began.

Specialists of the IT department of the bank expanded the functionality of the Renaissance Credit mobile application with the Investments block, which allowed customers to carry out all types of transactions with securities and currency. In a short time, additional infrastructure capacities were deployed, which allowed customers to perform uninterrupted work on the Moscow Exchange, and to ensure end-to-end processes, integration was implemented between the applications being implemented and the current landscape of the bank.

{{quote 'author = noted Denis Sotin, Board Member, Senior Vice President, Information Technology and Digital Business Transformation, Renaissance Credit. |

Our team was set an ambitious task - to launch a business direction in a short time. In close partnership with the business and Diasoft, it was completed. Our customers got convenient access to the infrastructure of the Russian financial market. Product functionality will continue to expand rapidly in the future with the solutions we have implemented,}}

In parallel with the automation of back-office processes within the framework of the project, Diasoft ensured the integration of bank systems with external sources. To solve this problem, the company developed a separate tool in the microservice architecture.

The entire project to launch an IT solution for brokerage services into industrial operation was implemented in nine months.

Шаблон:Quote 'author = told Victor Kasyanov, Senior Vice President of Investment Business and Treasury Management Renaissance Credit.

We cooperate closely with banks in the field of automation of work in financial markets, but projects of this scale are rarely implemented. In the project with Renaissance Credit Bank, we performed in several roles and applied the competencies developed over the years in the field of consulting, development, implementation and maintenance. As a result, the bank got the opportunity to successfully launch and quickly develop the investment business, added Kirill Zolotykh, board member, director of the Financial Markets department of Diasoft.

In the near future, the bank plans to provide customers with the opportunity to use robotic search systems for financial instruments and extended tips for managing the investment portfolio, a convenient service for obtaining tax information on a brokerage account and expanding the available list of financial services.