StarBank is Broadening its Cooperation with CFT in Outsourcing Matters

StarBank CJSC has entered into a new period when management and tax accounting as well as internal transactions of the credit institution are transferred for CFT outsourcing.
The project in StarBank is a part of a large-scaled IT-modernisation concerning transfer of key Bank’s business processes for outsourced engineering support of CFT.  The Bank has already successfully launched CFT-Bank complex arranged on the basis of CFT DPS.
Alongside with transfer of StarBank’s major activity to new ABS, RBS system was changed to system, card processing of international payment systems (IPS) was transferred to “CardStandard” center for servicing. An additional point is that StarBank is a partner of “Golden Crown – Money Transfers” service and it accepts cards for servicing in its ATM network currently covering the Central, Privolzhskiy, Ural and Siberian Federal Districts. Thus engineering support of major Bank’s key business processes is performed on the basis of CFT GC’s products and services. 
According to Lyudmila Kontorschikova, the Chairman of the Management Board of StarBank CJSC, “since 2012 the Bank uses an outsourcing model of CFT-Bank complex and it allows us to essentially reduce operational expenses and minimize IT costs. Due to transfer of IT functions that are incidental for a Bank to an experienced provider, the Bank can concentrate on solving business-tasks, effective launching of actual products and building them into business-processes”.
Dmitry Prodma, the Executing Director of IT Directorate of StarBank CJSC, comments on the results of the project stage: “CFT’s outsourcing model provides us with a set of integrated applications, services and a qualified support of specialists and makes it possible to install business solutions in the shortest possible time. The Bank need not install expensive integration solutions and consequently we raise fault-tolerance of our services rendered to the consumers”.
“CFT has a large experience in effective cooperation with StarBank due to a great number of successful co-projects, - says Andrey Visyschev, the Chairman of CFT GC Management Board, - We hope that enhanced partnership will summarise this stage of our cooperation and our technologies will contribute to the Bank’s intensive development based on adequate support given to high business growth rate”.

StarBank CJSC
(License of CBR as of April 12, 2013) performs its business in the banking market since 1980. Today the Bank focuses at commercial and retail crediting, securities trading as well as attracting public funds to deposits.  As at May 1, 2013 the Bank ranks 195 by “Expert RA” as for the amount of assets. The Bank has 17 payout locations in 4 RF federal districts: Central, Privolzhskiy, Ural and Siberian. StarBank operates in Moscow, Chelyabinsk, Magnitogorsk, Yekaterinburg, Ufa, Tyumen, Surgut, Noyabrsk, Gubkinskiy, Muravlenko, and Salekhard