CFT Entered the Market for the Remote Banking Services in the CIS
The CFT Group’s solutions for the hi-tech off-site services are proliferating. Commercial Bank Kyrgyzstan became the first bank in the CIS to introduce CFT-Remote Banking (CFT-RB).
That bank has already installed a local CFT-RB system with the EDS technology that has been specifically adapted to meet the legal requirements in the Kyrgyz Republic. All the necessary upgrades were completed by the CFT employees within the shortest possible time. After being connected to the system, Commercial Bank Kyrgyzstan had a new and efficient remote-banking solution for its corporate and private banking customers.
The bank opted for the CFT’s solution for a number of reasons, among which were the software’s versatility, high security standards, quick installation, and scalability. New service options will allow bank customers to create payment orders, make foreign currency transfers, manage all their accounts at a ‘single window’ (even those opened in different bank branches and/or owned by the customer’s various holding companies), send the bank a request to purchase/sell/convert currency, monitor their accounts (check account balance or bank statement), receive bank notifications regarding foreign currency earnings, and use any necessary directories when preparing documents.
Introducing CFT-RB was the natural next step in the bank’s development strategy, which is aimed at providing its customers with the widest range of high-quality banking products and taking a leading position in Kyrgyzstan’s banking sector. Currently, the bank’s wide range of remote banking services is one of their most important competitive advantages in the battle for customers. The CFT’s technology that offers off-site banking services to all groups of customers significantly improves the speed and quality of service, helps strengthen the position of the credit companies in the financial market and encourages business development.
Commercial Bank Kyrgyzstan
was established on the basis of the former government Zhilsotsbank of the Kirghiz Soviet Republic, and was registered in 1990 as AKB Kyrgyzstan. The bank has been known as Commercial Bank Kyrgyzstan since 2006 and operates under banking license NBKR 014. Today the bank has 82 subdivisions throughout Kyrgyzstan, ATMs and banking kiosks, and 10 money transfer systems that can send cash to almost any country in the world. The bank has a well-developed infrastructure and is a versatile credit institution, providing credit and settlement services to over 10,000 businesses, companies, and commercial entities in Kyrgyzstan. The bank’s official website is www.bankkg.kg