My Bank to receive a new technological CFT front-office system

OOO My Bank and Center of Financial Technologies Group have signed a cooperation agreement. According to the document, CFT front-office system will be implemented in the technologic infrastructure of the financial institution. My Bank has chosen this software solution to switch the consumer crediting operations and business processes to a brand new level.
‘This IT project will be the first joint project of СFT and My Bank’, says Andrey Visyashchev, Chairman of the Board, CFT Group. ‘It will be an integration project for us to solve quite a number of serious tasks by a joint effort, but we are optimistic about it. CFT front-office system chosen by the bank is a solution widely recognized in the market and featuring high performance, compatibility with any back-office systems and short time needed for implementation. The system is designed for the banks that actively develop their retail business, and is an effective tool for a unified front-office of a bank with a geographically dispersed infrastructure. It fully conforms to the concept of customer-oriented service. We hope all these advantages of our product will, to the full extent, facilitate successful development of the business of our new partner.'
‘Our bank’s strategy includes breakthrough development of mass market, improvement of the business efficiency and service quality, advancing to prominent positions in all the operations areas’, stresses Dmitry Kuznetsov, Director of IT Department, OOO My Bank. ‘Our cooperation with CFT will result in creation of an innovative front-office technological unit as an efficient tool for support of retail services and fundamentally new quality of service.’
My Bank is a finance and investment group. OOO My Bank is the head bank of the group, a universal commercial bank offering a complete package of financial, investment and consulting services both in Russia and abroad. The bank subsidiaries, OAO My Bank. Novosibirsk and OAO My Bank. Mortgage (Bashkiria), are now undergoing merger. More than 120 offices and service points are located in Moscow, Novosibirsk, Ufa and other regions of Russia, virtually in all cities with the population exceeding 1 million. Total assets of the group amount to 21 billion rubles with the aggregate capital of more than 2.5 billion rubles. The staff consists of 500 professionals of banking and investment business. Moodys ratings: B3 long-term rating for deposits in local and foreign currency, B3 long-term unsecured debt rating, E+ financial stability rating, and Baa3 long-term national rating.The bank ranks among the Top-50 operators of MICEX stock section and is a leading market maker of MICEX stock section for CNY/RUB trading. Two issues of the banks bonds put into circulation are included in the Central Banks Lombard List. The bank is a member of the Deposit Compulsory Insurance System, and a Primary Servicer for long-term housing mortgage lending of the Agency for Housing Mortgage Lending.