CFT Financial Technology Centre

The Financial Technology Center (CFT) is a group of IT companies for the financial sector since 1991. CFT's main activities are related to the design, development and replication of high-tech solutions, the provision of a wide range of processing services, IT consulting and training banking specialists. The company's offices are located in Moscow, Novosibirsk, Almaty, Yekaterinburg, Rostov-on-Don and St. Petersburg.

Aktivs

In addition to the banking software developer, the CFT Group of Companies as of the beginning of 2016 includes:

• payment services system "Golden Crown";
• processing center MapStandard"";
• multi-bank platform for online banking Faktura.ru;
• the universal solution for accepting payments is the Federal System "Gorod"​.

As of March 2016, CFT also owns a domain facebook.ru.

In 2011, the publication "Marker.ru" wrote that the company wants to bail out at least $1 million for it^[1]. Vadim Kolosov, a lawyer specializing in Internet law, said that Facebook has high chances of simply suing the address from the CFT. The fact is, the expert said, that for Russian judges, the key is the temporary priority of registration - the domain against the company. Facebook Inc. took shape in a legal entity with the corresponding name in the summer of 2004, and CFT received the domain in May 2005. Also, the weight has such a moment as the use of a domain, but there is no site on the domain facebook.ru, and the judge may decide that its owner is abusing the right. For example, in 2004, Google sued Denis Gledenov google.ru.

As of 2011 (according to Marker.ru), there were no transactions worth millions of dollars in the.ru domain. The most expensive domain was casino.ru - it was sold for $250 thousand. Koleso.ru changed ownership for $36,000. The price for which the vodka.ru domain was sold was not officially announced - according to unofficial information, it was about $20 thousand.

Performance indicators

2021: Revenue growth by 5% to RUR 28,826 million

At the end of 2021, CFT's revenue amounted to 28,826 million rubles, an increase of 5% compared to 2020, which allowed it to take 23rd place in the ranking of TAdviser100: The largest IT companies in Russia 2022.

History

2024: Hit by US sanctions

On August 23, 2024, the Office of Foreign Assets Control (OFAC), as part of the US Treasury Department, unveiled a new list of specially designated citizens and blocked persons (SDN). We are talking about sanctions imposed on Russian individuals and legal entities in connection with the emerging geopolitical situation. Read more here

2020

Revenue decreased by 4.3% to RUB 24,300 million.

At the end of 2020, CFT's revenue amounted to 24,300 million rubles, down 4.3% compared to 2019, which allowed it to take 24th place in the ranking of TAdviser100: The largest IT companies in Russia 2021.

Inclusion in the TAdviser rating "Largest IT suppliers in banks"

CFT is included in the rating "Largest IT suppliers in banks" by revenue for 2020, "prepared by TAdviser in July 2021. Read more here.

TAdviser interview with Artyom Korotchenko, Head of Management Accounting Development

In January 2020, Artyom Korotchenko, head of the management accounting development department, in an interview with TAdviser shared the nuances of the development of the Docsvision platform. Read more here.

2019: More than 400 agreements concluded with current CFT customers

In 2019, CFT signed 8 new contracts for the comprehensive supply of the high-performance banking platform CFT-Bank and the CFT Corporation system. In addition, more than 400 agreements were concluded on the acquisition of licenses and the implementation of CFT banking applications with the company's current clients, the CFT reported on February 26, 2020.

In 2019, the company offered the market solutions for the digital transformation of banks, continued to implement a number of large-scale projects in financial institutions for IT reorganization and expanded the pool of customers.

CFT presented in 2019 a line of "hot" technological innovations, implemented RegTech services - many of them cloudy in the format: technologies, biometrics remote, identifications services for organizing bank interaction with, (Bank of Russia Marketplace Platform SBP Express Checkout), with AOI, etc. FinCERT In the development of CFT, the focus is shifted to a microservice architecture, allowing partners to quickly respond to trends, and quickly launch new products.

In the reporting year, a lot of work was done to improve the level of protection of software and processing services of the company against cyber attacks, to strengthen the protection loops of the CFT-Bank system used by clients on an outsourced basis. The CFT-SOC services (a service for reducing the financial, operational and reputation risks of the bank), CFT-COI (a service for interaction between the bank and ACOI FinCERT) were developed and offered to banks.

2017: Joining Directory of Cyber ​ ​ Security Service Providers

The Financial Technology Center (CFT) announced on October 20, 2017, the inclusion in the Directory of Cyber ​ ​ Security Service Providers, a directory of security providers accredited to implement the SWIFT Customer Security Program (CSP). CFT is ready to assist banks in passing the security qualification procedure for their local infrastructure in accordance with CSP requirements.

The Customer Security Program (CSP) has been developed by SWIFT to improve the information security of participants in the financial messaging system. CSP covers three interrelated areas: the security of local participant environments, the security of interaction with counterparties, and community collaboration to prepare for possible cyber threats in the future. Activities within the CSP include the implementation of control elements and the passage of an annual procedure for evaluating the local infrastructure for compliance with those that are mandatory.

In order to control the implementation of the CSP program from January 1, 2018, SWIFT will begin to provide the Bank of Russia with information about participants who did not submit data on compliance with mandatory control elements, that is, did not assess the compliance of its infrastructure with the CSP program requirements. And starting from January 1, 2019, SWIFT will inform the Regulator about users who have not completed the annual safety certification procedure in time.

The inclusion of CFT in the list of recommended service providers specializing in information security of SWIFT clients demonstrates CFT's readiness to provide guaranteed high-quality audit and consulting services under the SWIFT CSP program.

2015

Revenue growth of 9%

The total revenue from sales in all areas of business, represented by products for core banking and all types of banking activities, as well as participation in the payment market for the reporting period exceeded 17.5 billion rubles, which is 9% higher than in 2014.

The past year has added 12 contracts with new clients to the client portfolio of the CFT software direction. Among them - "China Agricultural Bank," Bank "Development-Capital," Bashkomsnabbank, Gazenergobank, Baikalinvestbank, Transcapitalbank, State Savings Bank of the Republic of Tajikistan "Amonatbonk," "RBS (Royal Bank of Scotland)" (Kazakhstan), Bank RBK (Kazakhstan).

In total, 420 agreements were concluded during the reporting period on the acquisition by credit institutions of licenses for CFT banking applications.

During the year, projects to implement CFT software solutions were carried out at Nordea Bank, Expobank, Devon-Credit Bank, Moscow-Paris Bank and a number of other credit and financial organizations.

The financial market is going through a difficult period of transformation, - said Andrei Visyashchev, chairman of the board of the CFT Group of Companies. - Like the whole market, in these conditions we are trying to find new opportunities, new drivers, we are trying to help our clients in achieving their goals and in adapting business processes to the current realities. The year 2015 promised to be difficult, but de facto it turned out to be rich in unusual projects and in general its results can be considered good. Obviously, information technology is today the basis that allows you to build a modern and dynamic business, reduce costs, increase efficiency, and improve communication between the service provider and its consumer. We plan to develop our cooperation with players of various market segments - from banking and payment to insurance and retail and look forward to the future with great interest

Entering the market of insurance companies

An important milestone of 2015 for the company was the entry into the market of insurance and other companies, which from January 1, 2018 will have to maintain accounting and generate reports according to new standards. At the end of 2015, in Rosgosstrakh"" - the largest Russian insurance company in terms of business scale, the implementation of the project for the implementation of the CFT-Insurance Company system began. As part of this project, the main business processes insurance companies, accounting and reporting will be automated in accordance with new industry standards. In CENTRAL BANK OF THE RUSSIAN FEDERATION 2015, a contract for the implementation of the CFT information system was also signed with Asia the Life insurance company (). Kazakhstan

In 2015, Korea Exchenge Bank Rus, Investment Bank VESTA, and Bank Interaction outsourced to CFT-Bank. For banks, projects with an outsourcing component are economically more advantageous compared to solutions of the in-house format, according to the CFT.

Confirmation of the credit rating of RNKO "Payment Center"

In 2015, the rating agency Standard & Poor's confirmed the credit ratings of the operator of the Golden Crown payment system RNKO Payment Center (part of the CFT Group of Companies) - long-term BB- and short-term B. Also, according to the results of the year, the Central Bank of the Russian Federation included RNKO "Payment Center" in the list of credit institutions with the right to open accounts of enterprises of strategic importance for the military-industrial complex and security of the Russian Federation.

2014: Revenue growth of 8%

The total revenue from sales in all areas of business represented by products for core banking, all types of banking activities and participation in the payment market for the reporting period amounted to 16 billion rubles, which is 8% higher than in 2013.

2013: Revenue growth of 25%

CFT increased total sales revenue in all business areas by 25% to RUB 14.9 billion. In 2012 and 2011, CFT grew faster - both in terms of revenue (32% and 65%, respectively) and in terms of the number of new customers - buyers of licenses for banking products (16 and 15, respectively). The largest revenue to the group of companies, according to Fomichev, is brought by the directions developed for a long time - this is the aforementioned software business and the Golden Crown-Money Transfers service. The service turnover in 2013 amounted to 572 billion rubles, which is 35% more than in 2012. The number of transactions exceeded the figure of 31 million.

In 2013, the company continued to implement the strategy of selling software products for core banking in the logic of the platform and functional applications based on it. During the reporting period, CFT signed 517 contracts for the implementation of CFT-Bank application complexes, of which 9 were with new client banks (Investtorgbank Design Bureau, National Standard Design Bureau, Promselkhozbank, Russian Southern Bank, Yu Bi Es Bank, etc.).

2012: Revenue growth of 32%

The total revenue from sales in all business areas represented by the core banking platform and products, products for all types of banking activities and participation in the payment market for the reporting period amounted to 11.8 billion, rubles which is 32% higher than last year. The growth was achieved both due to the expansion of the customer base, which increased by 77 credit institutions, and due to the intensive development of relations with existing clients, the total number of which at the end of 2012 exceeded 500 banks Russia in and the CIS. In the first year, six credit institutions chose an outsourcing service model when buying the Platform and applications. Two of them - StarBank and Expobank - were transferred to outsourcing their own IT support at the CFT data center. business processes

In 2012, CFT continued to introduce a new logic for selling core banking products, which are now presented in the Company's portfolio as a universal Platform and a set of applications based on it for implementing individual business processes of the bank, as well as pre-configured financial products for various types of banking activities. This logic allows CFT customers to significantly simplify their relationship with the company as an IT supplier and significantly speed up the process of acquiring and implementing the products they need, which meets the requirements of modern banking. In 2012, CFT made 368 sales under this business scheme, of which 16 were to new customer banks.

Last year, sales of a new product for CFT - outsourcing of the Platform and products for banking activities were also carried out. A feature of this product is that it represents outsourcing not a typical IT supplier solution, but an individualized configuration used by the bank in the required volume.

CFT considers outsourcing as one of the priority areas of development, and therefore a number of measures are planned for 2013 to improve the quality of outsourcing services for the Platform and applications. In particular, it is planned to conduct an external audit of CFT outsourcing services, as well as the transition to the use of the new Platform 2 ISA as the main one, which will ensure the Company's customers higher product performance - the highest performance and reliability, improved opportunities for developing the bank's business.

One of the most popular CFT products in recent years is a solution for organizing instant transfers without opening an account, promoted under the brand "Golden Crown - Money Transfers." In 2012, 99 credit institutions from Russia and the CIS countries joined the product. The high dynamics of the Golden Crown - Money Transfers development is obliged to combine the possibility of using all modern means of money transfer and technologies that increase the convenience of transfer for bank operators and end users, focus on the formation of a service infrastructure in the format of "walking distance," as well as competitive tariffs and large-scale marketing initiatives.

2011: Revenue growth of 65%

The total revenue of the company in all areas of business amounted to 8.9 billion rubles. The growth of this indicator compared to last year amounted to 65%. The number of employees increased by 30% compared to 2010 and reached 1820 people. The company opened two new offices in Krasnoyarsk and Khabarovsk.

In the portfolio of the company's software business for 2011 - 15 contracts with new clients, including: Bank St. Petersburg"," "My Bank," "Baltic Development Bank," KB "Eurocommerz," "First United Bank," "Nomos-Regiobank," Bank "Pushkino," "Kapitalbank," "Agroinvestny Commercial Bank," "BaikalBank," "Zalkar Bank" (Kyrgyzstan), "Bancial Pension Comerţbank Fund Kazakhstan. In total, 394 agreements were concluded in the reporting year on the acquisition by credit institutions of licenses for CFT banking products.

As of December 31, 2011, more than 56 million cards of various types were served at the processing facilities of the Golden Crown payment services system (an increase of 75% compared to 2010). In total, about 1 billion operations were processed (an increase of 55% by 2010).

The Golden Crown - Money Transfers service demonstrates high dynamics of development. More than 9 million customers used the service in the reporting year. 17.69 million transactions were made in excess of $8.7 billion, the CFT said in a statement. During the year, partnership agreements were signed with 112 banks Russia and CIS countries. The number of points of sale of system services in Russia and the CIS countries has reached 30 thousand.

In 2011, the turnover of payments accepted in favor of service providers of the federal system "City" - a universal billing platform that provides the entire range of services for collecting and processing payments from the population, increased by 34% compared to the previous year. According to the CFT, 150 new banks joined the system over the year, and the total network of collection points increased by a third and now exceeds 30 thousand points in 79 regions of the Russian Federation. Using the technology of the City system, payments are collected for 24 thousand services of various suppliers.

In 2011, the turnover of information and payment transactions using Internet and mobile banking services performed by legal entities and individuals - clients of Faktura.ru partner banks, amounted to over 140 million transactions. The increase compared to the results of 2010 is 35%. The total number of banks participating in the Faktura.ru in 2011 amounted to 274 banks.

In turn, 18 new banks joined the KartStandard processing center during the reporting period, the number of cards issued by partner banks increased 2.3 times. One of the strategically important events for the KartStandard PC in 2011 was the receipt by the settlement non-bank credit institution (RNKO) Payment Center of the status of a principal participant and sponsor in Visa and MasterCard payment systems.

2010: Total revenue - 5.4 billion rubles

For the reporting period, total revenue amounted to 5.4 billion rubles. 88% of the proceeds were brought to the company by the sale of software and the provision of processing services to credit institutions.

In the spring of 2010, CFT opened the seventh regional office - the East European Representative Office of the company in Chisinau. The number of CFT employees reached 1.4 thousand people, the increase in the number of personnel in 2010 amounted to 24%. In 2010, CFT increased its share in the banking automation market: in the company's portfolio - 19 contracts with new clients. Two contracts were signed with non-banking organizations - the State Atomic Energy Corporation Rosatom and the Agency for Mortgage Housing Lending - a key participant in the Russian mortgage lending market. In total, 345 agreements were signed in the reporting year on the acquisition by credit institutions of licenses for CFT banking systems (for comparison, 217 agreements were signed in 2009).

In the fall of 2010, CFT introduced the Application Catalog to the market, containing 570 business applications. The main goal of the catalog is to strengthen the connection between CFT and the business blocks of partner banks and, therefore, a significant reduction in the time for credit institutions to launch new financial products on the market. The large-scale Catalog of Applications was created specifically for heads of business divisions of banks. By the end of 2010, there were more than 700 business applications in the catalog, each focused on solving a specific business problem of the bank.

Another important technological innovation in 2010 was the product "CFT-Testing Machine." It allows credit institutions to minimize the time from design to launch of new products (time to market), which gives the bank a decisive competitive advantage while reducing risks.

In 2010, the CFT training center, within the framework of a comprehensive educational program for partner banks, offered specialists of credit institutions a new training format - master classes and held 15 events in this format, in which 150 students took part. In total, in 2010, more than 1,000 students were trained at the CFT training center.

2010 was a period of dynamic growth for CFT processing services as well. The total number of issued cards within the entire product line of the Golden Crown payment system exceeded 32.5 million cards, an increase of 45%. The turnover in the system reached 640 billion rubles.

The number of Golden Crown cards exceeded 6.9 million cards, the number of ATMs, including those with the Cash-in function, increased by 20% over the year, and POS terminals - by 7%. In 2010, banks from Russia, Ukraine, Moldova, Armenia, Kyrgyzstan joined the Golden Crown system .

As part of the implementation of social projects, the territory for the introduction of transport maps was significantly expanded. In 2010, Kemerovo, Blagoveshchensk, Yaroslavl Krasnodar Region joined the Electronic Travel System, and now the Golden transport Crown non-cash payment system operates in 11 regions of the Russian Federation.

The Golden Crown - Money Transfers system is being actively implemented by credit institutions in Russia and near abroad: in 2010, 65 Russian banks and 30 banks from the CIS were connected. The number of issued "Sender Cards" increased 7 times and exceeded 2 million units, the turnover increased 3.5 times. The market share of the system in the main areas of transfers from Russia - Uzbekistan, Tajikistan, Kyrgyzstan, Azerbaijan - exceeded 30%.

On the basis of CFT processing services, projects were implemented that became the innovation of the year in the financial services market - the loyalty program of cellular retailers Euroset and Svyaznoy based on MasterCard cards. Cards of these federal networks are simultaneously payment, bonus, money transfer cards, allow you to shop and pay for services over the Internet. These projects provided a total issue of more than 1.5 million cards within six months from the moment of launch into commercial operation.

In 2010, 1.5 thousand new service providers joined the Federal System "City" (FSH), the system turnover increased by 54%, the network of payment receiving points increased by a third and now amounts to 22 thousand points in 79 regions of the Russian Federation. During 2010, 110 banks joined FSH. Today, using FSH technology, payments are accepted in the infrastructure of 550 banks of the Russian Federation for 18 thousand services.

The number of banks that joined the Faktura.ru processing in 2010 increased by 35% to 310.

The number of banks connecting to the KartStandard processing center in 2010 increased by 3 times. The number of issued cards exceeded 3.5 million, the ATM network grew 2 times.

2007: Revenue growth by 52.1% to RUB 2,596,047 thousand

The total revenue of the company in 2007 amounted to 2,596,047 thousand rubles, which is 52.1% more than in 2006 at 1,706,355 thousand rubles (according to CNews Analytics).

Products and Services

The Financial Technology Center (CFT) provides solutions for banks, retail chains, insurance companies, government agencies:

• introduction
• training
• maintenance
• certification
• processing

Notes