Financial and Industrial Capital Commercial Bank implements CFT-Bank in its IT infrastructure
Financial and Industrial Capital Commercial Bank (CB FIC) has completed the first stage of implementation of CFT-Bank (Platform 1).
‘The project for Financial and Industrial Capital Commercial Bank is very special,’ emphasizes Andrey Visyashchev, the CFT Group’s Chairman of the Board. ‘Our partner uses own resources to implement CFT-Bank, and CFT employees are not involved. Expertise and experience of the Bank’s IT team acquired during project implementation will facilitate perspective high level of software support by the credit institution IT professionals.’
OOO CB FIC is a vibrant full-service commercial bank. Its business priorities are to service corporate customers that are legal entities and sole proprietors, large-scale, medium and small businesses and extend the geography beyond Moscow and Moscow Region.
Bank development required transfer of all operations to a new high performance platform. CB FIC decided to implement CFT-Bank in 2010. The Bank has chosen that software because it conforms to the strategy aimed at computerization of all business based on new generation solutions with a focus on gradual increase of potential.
The first implementation stage involved installation of 13 functional application suites, including the General Ledger, Cash and Settlement Services, Remote Banking Interface, Money Transfer, Corporate and Private Deposits, Plastic Cards, Corporate and Private Loans, Overdrafts, Guarantees, Processing Centre, Statutory Reporting to the Central Bank, Currency Conversion, and Anti-Money Laundering.
Currently, the Bank works on the second stage of CFT-Bank implementation at full speed. At this stage, installed application suites will include Liability Management, SWIFT Processing Centre, Collection, Safety Deposit Boxes, and Custody Accounting.
‘Well-coordinated and consistent efforts of different bank subdivisions coupled with the high qualification of managers and bank employees are a key to successful installation of a new Automated Banking System within the established timeframe,’ notes Vasiliy Spirichev, Head of the Software Department of CB FIC. ‘Our goal is to transfer the Bank’s performance to an advanced level with a cutting-edge all-in-one CFT software platform.’
FINANCIAL AND INDUSTRIAL CAPITAL COMMERCIAL BANK, OOO was founded in 1996. It has valid License No. 3295 issued by the Central Bank of the Russian Federation for bank transactions with rubles and foreign currency.
OOO CB FIC was included in the register of bank-members of the mandatory deposit insurance system on April 22, 2005 under registration number 828.