Idea Bank’s card back-office is outsourced by CFT-Bank System
Idea Bank has accomplished the transfer of bank card business processes to multithread applications of the CFT-Bank system (Platform 2МСА) outsourced by the financial institution.
“Idea Bank has pioneered the use of CFT’s multithread applications designed to process large volumes of mass transactions in back-office part of ABS, – notes Andrey Visyaschev, Chairman of CFT GC Management Board. – Our partner has also proceeded in building an IT-platform for retail business servicing, which is definitely a technologically important step. Multithread application-configured card module of 2МСА Platform-based CFT-Bank system secures a highly technological operating and will soon enable the bank to offer even stronger technological service to its customers. This module serves to manage all business-processes related to various stages of bank cards’ life cycles and definitely provides a highly efficient and secure data processing”.
“As an actively operating and a modern retail bank, Idea Bank has opted for multithread applications by CFT, factoring high functionality and safety of card back-office that was offered to us, – says Aleksandr Panasenko, a Member of the Management Board of I.D.E.A. Bank OJSC. – We have also highly appreciated integrability of CFT’s solution with the Bank’s software and the opportunity to use it as a basis for new services designed for clients with high requirements to system performance. Multithread Application-configured card back-office of CFT-Bank definitely meets our demands and complies with European business standards taken by Idea Bank as a basis. Concerted efforts and positive experience of cooperation between the CFT Company and the Bank secured a successful transit to the new card back-office”.