Commercial Bank “Russkiy Yuzhniy Bank” is engaged in technological reorganization of retail business
The Bank has successfully finished the first step to implement CFT-Retail Bank (Oracle-based), a new technological platform for retail business, the Bank has been transferred to CardStandard processing center and connected to the Golden Crown – Bank Card Service.
RusYugbank OJSC CB is a universal commercial bank holding one of the leading positions in the banking market of the Southern Federal District and is the leader among Volgograd region banks by the volume assets. The Bank provides services to nearly 5 thousands of legal entities and individual entrepreneurs and about 17 thousands of retail customers.
Oracle-based CFT-Retail Bank is currently implemented to issue and process payment cards. Further functionality growth will enable the bank to develop its retail business and offer retail clients the widest product line of actual banking services including those rendered remotely – Internet-Bank, mobile bank, self-service systems network.
Oracle-based CFT-Retail Bank supports functions of an issuer and an acquirer of international payment cards based on CardStandard Payment Center. Now, when RusYugbank has finished the transfer to an independent processing center, the bank has an access to the full range of services related to the issuance and acquiring of international payment system cards.
The project on modernization of retail business via technological solutions is being developed by RusYugbank OJSC CB in close cooperation with the Golden Crown payment system. In early March, 2014 the banking infrastructure has been adjusted to accept Golden Crown cards. There are bank’s ATMs in Volgograd and the Volgograd region, in Krasnodar and Astrakhan. Holders of the Golden Crown cards can view their card balances and withdraw cash in all ATMs. Thus, new cooperation widened the network of servicing Golden Crown payment system’s cards in the territory of the Southern Federal District.
As to Tatyana Zakharova, the Head of RusYugbank OJSC CB, “The Bank is ready and willing to find solutions that will exactly correspond with the customers’ needs and at the same time to pay special attention to creation and maintaining trust relations with its clients”. The use of technological solutions by CFT will help the bank to find an effective balance between reliability and ability to apply individual approach to each customer. These solutions will guarantee high stability and business continuity, will give opportunity to actively grow the client base through implementation of actual financial services and development of remote banking channels.
RusYugbank OJSC CB, CBR License No. 2093, state registration as of October 10, 1996, established in 1992. A universal bank, that provides a wide range of services to legal entities and individuals. The Bank is known for its individual approach, close attention paid to the needs and interests of its customers, ability to take fast and responsible decisions. As at February 1, 2014 Bank’s total assets amount to RUB 1,993.73mln, the bank holds 253d position among Russian banks by assets.