BaikalInvestBank modernizes IT on CFT platform

CFT-Bank (Platform 1) information system went live at BaikalInvestBank JSC. Key business lines of the major bank of the Angara area were automated on the basis of the CFT solution. Within the project framework, the new core banking system was integrated with the bank’s existing information systems.
BaikalInvestBank is a universal bank that performs all kinds of basic business operations and renders a wide range of financial services to private and corporate customers. The credit and financial institution holds leading positions among Russia’s regional banks.
BaikalInvestBank selected the new core banking system in 2015. According to Nadezhda Bobyleva, Chairman of the Board of BaikalInvestBank, further development of the Bank’s business based on the CFT solution is the strategic choice of the Bank which aims at reinforcing its positions as a reliable and dynamically growing participant of the banking market. In 2015, the Bank extended its business geography and opened a branch in Moscow alongside with launching three operating desks and twenty credit and cash offices in Russia’s biggest cities. “We put a lot of effort into improvement of not only qualitative but also quantitative performance, and we pay much attention to modernization of our IT infrastructure. Therefore we decided to automate our business processes with a new-generation core banking system,” Nadezhda Bobyleva says.
“Constant market dynamics cause the necessity for loan institutions to quickly react to new trends and changes in the legislation,” says Andrey Visyaschev, Chairman of the Board of CFT Group. “We sincerely hope that implementation of CFT-Bank will contribute to further successful development of our partner’s business, secure the required high-speed performance of its operating activity, and allow offering best-balanced financial products to its customers.”