Expobank and CFT have successfully finished another stage of the project on IT infrastructure modernization

Expobank and CFT Company have successfully finished a project on transferring data from ABS previously used by MAK-Bank into CFT-Bank, the centralized information banking system of Expobank, placed on CFT’s DPC.
Takeover of Yakut MAK-Bank by Expobank was smoothly followed by technological modernization of acquired bank’s IT infrastructure in order to comply with the uniform IT standards accepted in Expobank. Since 2012 Expobank is one of the strategic partners of CFT Group.
“Considering the fact that M&A transactions are an integral part of our business, IT unit is to ensure the quickest possible technological integration of acquired financial organisations, – says Aleksey Sannikov, Deputy Chairman of Expobank Management Board, managing IT unit. – Outsourcing of CFT-Bank allows us to quickly and effectively implement projects on unification of IT infrastructure with acquired banks without increasing the staff. Earlier it took three months to implement such projects in Krasnoyarsk Stromkombank and Surgut Sobbiznesbank”.
“Migration of data from MAK-Bank to CFT-Bank (Expobank unified ABS) was completed in record-breaking time, - notes Andrey Visyaschev, Chairman of CFT GC Management Board. – Actually we and Expobank’s specialists are now replicating our experience we gained before. Our partner’s example vividly shows that outsourcing is an absolutely normal format of applying the ABS which significantly simplifies IT management in a bank and has great perspectives”.
Expobank utilizes CFT-Bank outsourcing model where the function of IT servicing of ABS is totally outsourced by CFT.