VTB is switching to a single automated banking system, in which there is not a single foreign software

2025: Transfer of the entire automated banking system of VTB to FinPlatform T1

On February 20, 2025, it became known that VTB plans to complete the transfer of the main banking processes to the technologically independent FinPlatform T1 system by the end of 2025. By this time, all components of the automated banking system (ABS) will work on domestic software.

According to TASS, the new platform has already become a key element of the bank's IT infrastructure, ensuring the operation of critical components of ABS responsible for servicing payments and transfers.

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Фото: Freepik

The new system allows you to speed up the launch of new products from six months to 2-4 weeks, which significantly reduces the time for bringing services to market. It combines more than 400 IT services, provides complete independence from foreign software, and also supports seamless integration of internal systems. Uniform standards of work simplify interoperability between platforms, increasing the efficiency of business processes and reducing the cost of technical support.

Deputy President-Chairman of the Board of VTB Vadim Kulik noted the successful work of FinPlatform during periods of peak loads, which in 2024 were twice as high as in 2023.

In 2019, VTB's banking processes were supported by six different automated banking systems, which led to long-term development of financial products, low reliability and high cost of improvements.

The CEO T1 Alexey Fetisov emphasized that FinPlatform's microservice architecture accelerates data sharing, improves performance and creates a single digital ecosystem that can quickly adapt to market changes and customer needs.

The transition to Russian software will allow the bank to increase the efficiency of processes, ensure stability of work and offer customers up-to-date personalized products. The platform has already demonstrated its reliability with a double increase in load in the high season.^[1]

2024: Implementation of FinPlatform T1

T1 Holding presented FinPlatform T1, which reduces the time to market banking products to 25 days. The developer announced this on October 17, 2024.

A bank has been selected to pilot the platform. VTB After introducing the system IT infrastructure into the bank, the financial institution will be able to increase the indicator of daily opened accumulative accounts to more than 20 thousand and issue more than 10 thousand credit debit cards, and also process more than a million payments of medium and small businesses. More. here

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