Kapitalbank JCSB builds “the bank of the future” based on CFT solutions
 
Kapitalbank JSCB (Rostov-on-Don) and CFT Group have signed a cooperation agreement. In the course of the technological modernization that has started in the bank, CFT-Bank (Platform 1) information complex is installed into the bank’s existing IT infrastructure.
 
In October 2011 Kapitalbank JSCB celebrated its 18th anniversary. The eighteenth year became a turning point in the Bank development – March 2011 witnessed significant changes: European investors acquired the majority interest, and the new board of directors was elected. In summer 2011 six subsidiary offices of Kapitalbank were opened in Rostov-on-Don and Rostov Region. This March two more offices were opened in Shakhty and Rostov-on-Don.
 
“Our strategic task for the nearest future is to increase the number of our points of presence in the market,” says Vigantas Nikontas, Director of the IT Department of Kapitalbank OJSC JSCB. “In the coming three years over a hundred offices will appear in different regions of Russia – in the Moscow, Volgograd, Samara and other regions. The main aim is to create a new advanced and convenient Bank on the basis of Kapitalbank. The present core banking system no longer supports successful fulfillment of the tasks that Kapitalbank faces. Thus the management decided to automate business processes using a core banking system of the new generation. We hope that the CFT-Bank system that we have chosen for IT modernization will provide resources for maximum efficiency in the current activities, allow extending the range of banking services and increasing the business when necessary with minimum expenses.
 
Andrey Visyaschev, Chairman of the CFT Group Board, comments on the Kapitalbank JSCB prospects for implementation of the future IT project: “The system functionality of CFT-Bank will allow our partner to rise to a brand new technology level and with that to a new level of business process implementation.
 
At present the Bank performs operations within the first stage of CFT-Bank information complex installation. In November 2011 the Bank became a member of the Golden Crown – Money Transfers system.

 
Kapitalbank OJSC JSCB (CBRF License No. 2547) was founded in 1993 in Rostov on Don. The key business directions are private and corporate lending, cash management of commercial organizations, and attraction of public funds to deposits.
Since 1997 the Bank has been an active member of the Association of Russian banks. The only bank in the region, Kapitalbank has been twice awarded the Association Certificates of Honor for participation in development of the Russian banking system. Kapitalbank was among the first banks included in the register of the obligatory deposit insurance system under No. 215 of 1,300 Russian banks.