TKB Bank transfers to a new core banking system, CFT-Bank
Transkapitalbank (TKB) has successfully completed the project of implementation of CFT-Bank banking information system in its IT infrastructure. One of the targets of IT modernization was cost optimization of the maintenance of siloed core banking systems by transferring to a single technology platform. CFT-Bank system was successfully installed and launched by the bank IT team independently.
After Investment Trade Bank joined TKB banking group, the parent bank faced great integration challenges regarding optimization of the diversified IT landscape and unification of business processes. CFT-Bank system, which had successfully functioned at Investment Trade Bank since 2014, was chosen to build a single IT infrastructure of the two credit institutions. CFT specialists rendered consultation support at all stages of implementation of the new software.
“We actively use new technologies to increase the scope of our business,” says Evgeniy Ivankovskiy, the bank’s Deputy Chairman of the Board. “Implementation of CFT-Bank system was an important step for us. We transferred our business to an advanced and comprehensive production ABS with significant growth potential. The project involved a large scope of works, including integration of CFT-Bank with the information systems installed at the bank, and data migration from the liquidated systems. From now on, the bank will perform all key business processes in a single core banking system, which will allow us to implement new products and improve the quality of customer servicing.”
“On the one hand, independent project implementation using the bank’s resources shows the high expertise of the credit institution’s IT team, and on the other hand, it proves that CFT is ready to render versatile formats of support to its customers – from turnkey system implementation to rendering consultations during the system launch by bank project teams,” says Andrey Visyaschev, Chairman of CFT Board. “We value our cooperation with TKB, an innovative and forward-looking bank, which aims at providing the best level of servicing to its customers. And we are thankful that our partner has chosen our pioneering developments.”