EXPRESS Bank transferred retail business to CFT-Bank

The planned stage of installation of CFT-Bank (Platform 1) at EXPRESS JSCB (OJSC) has been successfully completed and resulted in automation of the bank retail business based on innovative information complex of the new generation. Using CFT products, bank “EXPRESS” has automated bank transactions, about 40 thousand loan agreements and up to 210 thousand client deposit agreements are serviced in a unified system. The project has been implemented by CFT team with active participation of bank specialists. Installation of second stage products is another consequent step in centralization of the activity of a universal bank on an industrial IT platform.
 
Hitherto the bank used CFT-Retail Bank information complex for servicing of retail customers. Bank “EXPRESS” provides a range of processing services among which are money transfers via the system “Golden Crown – Money Transfers”, remote services on Faktura.ru platform, acceptance and effecting of utility payments in the “Gorod” system. Within the project of migration to the new information complex the project team has performed integration of CFT-Bank with CFT processing services. The core banking system is fully interactive with terminals and ATMs including those with cash acceptance function, which has significantly extended the range of services rendered for bank customers.
 
Today bank “EXPRESS” is Dagestan’s leading financial and credit organization, major issuer of bank cards among regional banks with only a branch of Sberbank RF ahead of it. A wide affiliated chain and constant infrastructure extension for bank card holders along with active integration of advanced technologies provide the bank’s significant growth of the scope of bank retail transactions with permanent high quality of bank customer servicing.
 
Keeping records in a unified core banking system will allow the bank to fully use the broad opportunities, flexible adjustment and high efficiency of CFT-Bank (Platform 1) information complex. Together with CFT full-function processing solutions bank “EXPRESS” will receive an IT platform ready to provide quick launch of competitive bank products and services.
 

“EXPRESS” JSCB OJSC was established in 1994. General License of the Bank of Russia for performance of banking transactions No. 3084. Member of the Association of Regional Banks of Russia (Association “Russia”) and member of the Association of Russian Banks. Certificate No.114 about inclusion of the bank into the register of banks – members of the mandatory deposit insurance system. Key financial indicators: authorized capital – 155,000,000 rubles; equity capital – over 944,319,000 rubles. Bank official website:
http://www.bankexpress.ru