| Customers: Severstal Moscow; Metallurgical industry Contractors: Raiffeisen Bank Product: NSD Transit Financial Messaging SystemProject date: 2021/04 - 2021/09
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2021: Connection to Transit 2.0 via API
Raiffeisen Bank connected Severstal to Transit 2.0 NSD through. API This MNR was announced on October 5, 2021.
Transit 2.0 is a system for exchanging financial messages between corporations and banks serving them. The platform allows you to maximally unify and standardize the interaction of system participants, increase its efficiency and security.
 | Severstal for a long period of time has been introducing and applying technological solutions in all areas of activity. Building a single multi-bank on the Transit 2.0 platform is one of the priority tasks of the Treasury. Security is an important factor in the transmission of financial communications with our partners. Interaction with banks through Transit 2.0 using an API connection allows us to minimize risks to the safety of information and optimize the processes for exchanging data from the accounting system, |  |
| | Connecting to Transit 2.0 will allow Severstal Treasury to manage accounts in a single interface and quickly exchange financial documents. Together with the company, we decided to connect to the platform through an API connection, which gives many advantages over file exchange. Thanks to the API, customers can use our services both in ERP systems, and in treasury management systems and any self-described accounting systems, added Natalia Moskalenko, head of the department for the development of corporate settlement products of Raiffeisen Bank.
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| | We are pleased to continue effective interaction with Severstal, providing all the opportunities that the Transit 2.0 platform has. We see a market request for technological services that make it possible to optimize work and increase the efficiency of the treasury. The flexible integration mechanisms that NSD offers allow us to refine the product for business needs. We hope that the platform will continue to develop at a rapid pace due to the active support of the market, noted Alexander Nam, Managing Director, Technology Services, NSD.
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