Sovcombank automates work in financial markets together with Diasoft

2020: Start of bank automation in financial markets

Sovcombank and Diasoft announced on July 23, 2020 the launch of a project to automate the bank's work in financial markets. Over 10 months, partners plan to introduce more than 10 software products of the Diasoft Digital Q Financial Markets business development platform. As a result, Sovcombank and its subsidiaries will go to work in a single database, which will allow consolidating accounting for financial markets throughout the Sovcombank group.

The partners plan to jointly automate the areas of work of Sovcombank's group in terms of accounting for their own operations (back-office accounting), namely, issuing their own bonds, buying and selling securities in the exchange and OTC markets, bill accounting, calculating income tax, depository work, etc. In particular, mandatory reporting processes will be supported.

The introduction of an industrial solution from Diasoft will provide the Sovcombank group with opportunities to implement strategic plans for business development in financial markets.