SSB “Amonatbonk” extends cooperation with CFT

State Savings Bank of the Republic of Tajikistan “Amonatbonk” and Center of Financial Technologies have signed an agreement within the framework of which CFT-Bank information system will be implemented in the bank IT infrastructure. The project will result in transferring of the activity of a major financial market participant of Tajikistan, the country’s backbone bank, to a new high-performance IT platform with broad business functionality.
 
SSB RT “Amonatbonk” and CFT Group are long-time partners. Amonatbonk has been working with Golden Crown money transfer system since April 2006.
 
Amonatbonk is a dynamically growing modern credit organization that renders a full range of high-quality banking services to its customers. The bank is in the Top 5 credit and financial organizations of Tajikistan, with over 75 branches, 509 banking service centers, 232 money transfer offices, and 34 exchange offices across the Republic. 
 
“Much of the bank’s success is owed to the high competence of our employees, elaborate development strategy, and high technological effectiveness of the organization,” says Bahtiyr Mahmudzoda, Deputy Chairman of the Board of Amonatbonk. “We are constantly developing the IT infrastructure, implementing new banking technologies and creating new financial products. Development of the Bank business required updating the core banking information system. Our search resulted in the solution of our long-time partner – CFT-Bank system tailored for the specifics of the laws of Tajikistan. With our new core banking system, we are planning to move all the Bank’s business directions and business processes to a whole new level of automation.”
 
“CFT has the biggest number of partner banks in Tajikistan,” says Andrey Visyaschev, Chairman of the Board of CFT Group. “We have good partnership relations with Amonatbonk, and we hope for the favorable development of our cooperation. IT partnership with one of the leading banks of the Republic is our next step forward in the distribution of our software products among the CIS banks. By the end of the coming project our partner will have a full function banking system of the new generation tailored for its individual needs.”