UBS BANK: on the way to creation of a modern IT platform
UBS Bank OJSC has successfully finished the first stage of the project on implementation of CFT-Bank system. CFT’s applications designed for automation of multicurrency accounting (accounting center), technological support of cash and settlement services, interbank and interbranch settlements and securities trading, have been implemented into IT infrastructure of a financial institution.
UBS Bank – a Bank with 100% foreign capital – has been operating in the Russian market since 2006. UBS Bank OJSC was established by Swiss UBS AG Bank, one of the world’s largest banks by the amount of assets under management.
Today UBS Bank is a strong financial institution with charter capital amounting to RUB 3.5 bln. The Bank focuses on investment services and private capital management.
“The project implemented with UBS Bank OJSC is interesting for CFT Company mainly because of huge competencies of our partner in the securities market, both in the issues related to exchange business and investment banking as well, - notes Andrey Visyaschev, the Chairman of CFT GC Management Board. – During implementation of CFT-Bank system in UBS Bank the company’s specialists learned a lot about automation of financial company’s securities trading. During the project we have modified the system a lot in order to customize the solution to specific current and future Bank’s needs. Currently CFT-Bank can process great volume of brokerage transactions – up to 1 million a day. We hope that CFT-Bank’s functionality will contribute to our partner’s swift transit to a qualitatively new level of implementation of business-processes”.
UBS Bank OJSC (Registration No. 3463 as of March 9, 2006).