CFT’s Innovative Solutions for the Ukrainian Banks


The Center of Financial Technologies and IBM held a business meeting with the representatives of the Ukrainian banks in Kiev to discuss the ‘Role of Innovation in Improving the Profitability of Banking Products’. The event focused on the use of cutting-edge technologies to facilitate the implementation and efficient development of the newest retail and corporate banking products and on solutions aimed at optimizing intra-bank business processes that are of interest to the Ukrainian financial services sector.

The business meeting was attended by experts and managers of the leading IT and business departments of the key players in the Ukrainian financial market, such as MoneyGram, Express Bank, Ukrgazbank, BROKBUSINESSBANK, RODOVID BANK, UkrSibBank, Finance and Credit Bank, Tiraspromstroybank, the Banking Class consulting company, Oshchadbank, ProFIX Company, Financial Service Bureau, the regional front office of the Bank of the Ukraine and VTB Bank, KRESHCHATIK bank, PUMB company, CONVERSBANK, INDEXBANK, CREDIT AGRICOLE BANK, ALL-UKRAINIAN DEVELOPMENT BANK, UKRINBANK, and others.

The audience was shown the electronic banking and money-transfer systems and innovative card-based financial products. The CFT’s employees spoke about the Golden Crown payment system’s merchant services for the Ukrainian market.

Attendees were also shown a new generation platform, the 2 МСА (Mission Critical Application) and CFT’s Financial Applications Catalog, intended to encourage the banks’ potential to improve their business performance. The business meeting was followed by a discussion, where the participants were free to ask questions to the CFT’s employees.

‘We are very pleased with the results of the Kiev meeting. The event was a constructive dialog that will result in a new model of cooperation between CFT and Ukrainian banks. CFT has an extensive experience in creating successful joint projects with financial institutions of the CIS and Eastern Europe, including Moldova, Belarus, Azerbaijan, Tajikistan, Uzbekistan, and Kyrgyzstan. Now, we are ready to provide the full range of the CFT’s skills and innovative solutions to assist in the development of the Ukrainian financial market,’ Andrei Visyashchev, the CFT Group’s chairman of the board, summed up the event.