Bank Zhilischnogo Finansirovaniya has launched operating CFT-Bank System

The project aimed to implement CFT-Bank Banking Complex (Platform 1) into IT infrastructure of Bank Zhilischnogo Finansirovaniya CJSC (Bank ZhilFinans CJSC) has been successfully completed.
Bank Zhilischnogo Finansirovaniya, a special purpose mortgage bank, has been operating in the Russian mortgage lending market for more than 19 years with its priority in retail mortgage lending. The Bank serves mortgage loan portfolio under different programs, including AHML (Agency for Housing Mortgage Lending), in the amount exceeding RUB 15bln.
In 2012 the Bank has chosen its new ABS. In 2013 the Bank’s support processes have been completely upgraded which resulted in the increase in efficiency and scalability of core operating processes.
Bank Zhilischnogo Finansirovaniya is actively implementing new technologies to increase its business volume and strengthen its market position, — says Dmitry Kuznetsov, IT Advisor of the Chairman of the Bank’s Management Board. — Implementation of CFT-Bank became a strategically important event for us. The Bank has got CFT-Bank’s core accounting component, new financial settlements center and application for automation of retail customer servicing, lending business and reporting. Our project team has successfully implemented and launched CFT-Bank System. It reduced costs for standard implementation of new ABS. The vendor has provided us with the system implementation technology, standard implementation plans and stepwise project algorithm. CFT managers gave us support at every implementation stage”.
“Stable market dynamics stimulates innovative credit institutions for fast response to new trends and changes to legislation, says Andrey Visyaschev, Chairman of CFT GK Management Board. - We do believe that implementation of CFT-Bank system will contribute to further successful development of our partner, will guarantee the required processing speed and high quality of customer servicing. And the fact that CFT-Bank system has been successfully implemented by the Bank’s specialists is a clear evidence of high professionalism of the Bank’s IT Team.