Russian Joint Stock Commercial Bank INVESTBANK will use the Forbis Company’s products designed for accounting and management of natural persons’ term deposits

27 February 2009

Russian Joint Stock Commercial Bank INVESTBANK will use the Forbis Company’s products designed for accounting and management of natural persons’ term deposits. On the bank’s request, there have been provided basic deposit products, which comprise two models of a simple deposit and one model of a savings deposit.

Alongside with the already developed system functionality, taking into consideration bank business requirements there were developed certain functions of automatic prolongation with the possibility of limiting the number of contract prolongations; manual contract closing functionality was expanded with the opportunity of selecting a method of deposit withdrawal. There was also created a new variant of deposit interruption.

“We truly strive that our customers would always get proper services and their priorities in finance planning would be considered. Starting to operate BIS FORPOST we hope that its functional possibilities will create favourable conditions for developing smart and flexible mechanisms of fund accumulation, and will help to reduce bank employees’ work and time expenses when servicing customers”, said A. Lamskov the director of the department of banking information technologies of the INVESTBANK.
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