Expobank switches over to a new technological platform

Expobank and Center of Financial Technologies Group of Companies have successfully completed the first stage of a large-scale project of transferring the full scope of IT service functions to outsourcing. One of the key project stages has been finished – substitution of the bank’s existing corebanking system with CFT-Bank information complex placed in the facilities of CFT data center.
Within the framework of the first stage of the project of switching over to IT outsourcing, CFT GC has received the functions of support of uninterrupted functioning, development and testing of the corebanking system. The bank has also transferred the former remote banking system to the support of remote banking services for legal and natural persons by Faktura.ru. Then Expobank will transfer the full processing functionality of international payment system cards to the servicing of CardStandard Processing Center, part of CFT GC.

Tatiana Pupkova, Deputy Chariman of the Board of Expobank LLC says, “The running technical modernization is part of a large-scale program aimed at creation of a high-technology Bank. The use of a single service provider will secure the most reliable integration of all products and services rendered to the Bank and its clients. The estimated approach to IT organization will significantly increase the client service quality and reduce the expenses on support of IT platforms and maintenance of the required IT personnel.”
Andrey Visyaschev, Chairman of the Board of CFT GC, estimates Expobank perspectives from project implementation, “The Bank will receive strong IT support for solution of strategic tasks. The functionality of CFT-Bank information complex will allow our partner to pass to a brand new level of business process automation and provide extra opportunities for dynamic business development and launch of new products that not only conform with the main trends in the sector but also allow being ahead of them. 

Expobank LLC
is a universal private bank operating in the Russian banking market since 1994 (General License of the Bank of Russia for the performance of banking operations No 2998 dated 06.02.2012). Mr. Igor Kim is the major shareholder of the Bank.
Expobank has 12 branches in 6 cities across Russia (Moscow, Saint Petersburg, Novosibirsk, Kemerovo, Barnaul and Perm). The Bank operates a network of over 300 ATM’s. The Bank offers a whole range of banking services to its customers and clients with a focus on private banking.
As of today the Bank provides services to 500 thousand retail customers and to over 6 thousand corporate clients and self-employed entrepreneurs. Expobank is a member of VISA and MasterCard international payment systems. Over 60 thousand active card holders use cards issued by the Bank; around 1000 merchants have their businesses connected to the acquiring system provided by the Bank.
In February 2012 RusRating assigned to the Bank ‘A’ credit rating (national scale, outlook stable), ‘BB+’ rating (international scale, outlook stable).
The Bank is a member of the Deposit Insurance System and acts as a guarantor to the Federal Customs Service (FCS).