RSS
Логотип
Баннер в шапке 1
Баннер в шапке 2
Project

"Fried Finance" implemented digital FXL Platform

Customers: Fried Finance (FFIN Bank, before Duntonse)

Product: Flexsoft: VaBank FXL
На базе: Flexible eXtra Large
Second product: Flexible eXtra Large

Project date: 2019/07  - 2020/01

Content

2020

Transition to FXL Platform

The bank Fried Finance announced on September 14, 2020 transition to the digital FXL Platform developed by FlexSoft company.

This technology platform provides the high performance and scalability, reliability, the round-the-clock availability of services. Due to existence built-in BPM-servers FXL Platform allows to automate business processes any complexity, and application BI- technologies gives the chance to manage business online.

Transition to the digital platform will allow Bank to increase several times the speed of execution of business processes, to provide customer service in mode 24х7, to continue optimization of algorithms of development of strategic decisions taking into account dynamics of market trends. The digital platform expanded possibilities of use of Big Data at new product development and increased variability of setup of system modules according to the current tasks facing Bank.

File:Aquote1.png
Our purpose — high-quality and modern investment banking service which is based on high-tech solutions and debugged regulations. From these positions the importance of the modern IT platform cannot be revaluated. It is especially important that seamless transition to this platform for our clients remained unnoticed. The bank had additional opportunities for further acceleration of growth and sustainable development of business — the Chairman of the board of Bank Fried Finance Gennady Salych commented.
File:Aquote2.png

File:Aquote1.png
"FXL platform" is the solution for the developing hi-tech bank of the 21st century, with branched territorial structure and individual approach to each client. As digital FXL Platform can process surely almost unlimited number of financial transactions in real time, easily is scaled, is fault-tolerant and at the same time flexible, it will contribute to further business development of bank, increase in its efficiency, decrease in cost value of transactions, quality improvement of service and degree of customer satisfaction — the CEO of FlexSoft company Arkady Lobas noted.
File:Aquote2.png

End of the first stage of transition to VA Bank of FXL

On February 12, 2020 the Bank Fried Finance reported that together with FlexSoft company completed the first stage of transition from the automated banking system "VA Bank ST" on the digital FXL Platform.

In a work progress data migration was executed of the core banking system "VA Bank of ST" in "VA Bank FXL" implemented on the FXL Platform, transfer of the customer base and settings of modules, data loading from the core banking system "VA Bank of FXL" in a high-performance analytical data storage of DataForce FXL.

The technology of converting of the core banking system "VA Bank of ST" into "VA Bank FXL" allows Bank to pass with Fried Finance to a technology platform of FXL without declaration of the moratorium on the current completions at any moment. The VA Bank of ST version, relevant at the time of transition, is converted automatically, and transition to a system will not affect the current activity of bank and customer service in any way.

The implemented platform will allow bank to work in mode 24х7, to expand opportunities for work with superbig Data, optimizes algorithms of development of strategic decisions taking into account volatility of the market, will improve flexibility of setup of system modules under the current tasks.

File:Aquote1.png
During an era of a global didzhitalization it is impossible to be ahead of competitors in the quality level of the user service without modern technological IT platform. We promptly develop a digital ecosystem of financial services for steady and safe work of bank and the maximum convenience of clients. Transition to the digital FXL Platform will allow to continue business process optimization, will reduce housekeeping overheads and will make interaction with client audience more effective,
commented the Chairman of the board of Bank Fried Finance Gennady Salych
File:Aquote2.png

File:Aquote1.png
Transition to the high-performance FXL Platform is a serious step on the way to digital transformation of business of bank which purpose is increase in transparency and controllability of business, increase in degree of customer satisfaction due to providing the various personified customer service and reduction of holding time. The developed methodology of updating of a system allows to make evolutionary transition without risk of a stop and slowing down of business development of bank, parallel input to two systems and additional essential load of users,

File:Aquote2.png