CFT Bank integrated 16 IBRD branches

"Center of Financial Technologies" (CFT) and "Moscow Bank for Reconstruction and Development" completed the next stage of the project on implementation in technology infrastructure of bank of information complex CFT Bank — the head office and 16 branches of financial institution are transferred to the centralized scheme of work.

The purpose of the implementable IT project in IBRD is creation in bank based on systems CFT Bank and CFT Retail bank of the IT platform with high potential on functional development which does not have restrictions on the architecture and scaling providing effective business development, says CFT.

The project started in January of the current year with implementation of information complex CFT Bank. The large volume of works is during this time executed: are successfully brought into commercial operation of 12 functional complexes of applications CFT Bank, such business directions of bank as settlement and cash services, collection, interbank and interfilial settlements, the credits, conversion transactions, deposits, lease of safe deposit boxes, agreements bank guarantees, letters of credit, etc. are transferred to qualitatively new level of automation. Now implementation of a complex of applications for work of bank in the stock market, accomplishment of retail transactions is performed. In parallel with works on installation in IBRD of solutions CFT specialists of bank were trained in CFT Training center.

"Transfer of work of all branch network of bank to the single centralized main banking system — an event, important for us — Sergei Shuvalov, the head of the IT block, the vice president of "Moscow Bank for Reconstruction and Development" noted. — Having the extensive regional network covering 49 cities in 30 largest regions of Russia, IBRD is aimed at standardization of business processes of branches, unification of technologies of bank for all network. We go the way the maximum centralization of all services and business applications that will allow to extend quickly new banking products to all divisions of bank and to give to clients uniform opportunities in all regions".

"At the moment we are satisfied with results done, everything goes according to the plan, and through joint efforts with our partner we manage to achieve assigned tasks — Andrey Visyashchev, the chairman of the board of the CFT Group reported. — Ahead we have one more important stage — start of a system of CFT Retail bank in five bank branches, and then at head office and other eleven branches. We are sure that as a result the bank will receive the IT infrastructure which is most full answering to business tasks in the order".

Learn more: http://www.cnews.ru/news/line/index.shtml?2011/11/29/466218