URALSIB and Infosys teams have successfully demonstrated the potential of leveraging a âcentralised core banking systemâ to make customer service more effective and adopt banking best practices. The solution shall enable the bank to manage the challenges of scale, unifying processes and standards of different business lines.
âWe are delighted to see Finacle successfully completing phase 1 of the technology led business transformation journey of URALSIBâ, said Haragopal M, Vice President & Business Head, - Finacle, Infosys. âRussia is a strategic market for Finacle and we look forward to working closely with URALSIB as they progress on this transformation and leverage technology to stay ahead in the market.â
âFrom the start of our alliance, we were convinced about our joint ability to develop a localised solution. A project of this magnitude requires substantial attention and investments from both the parties. Partnership relations between the Bank and Infosys considerably contribute to the realisation of our common intentionsâ, says Mrs. Lyudmila Shabalkina, CEO & First Deputy of Chairman of the Board, URALSIB Bank.
URALSIB BANK was formed in 2005 as a result of integration of the business lines of five banks â NIKoil IBG, AVTOBANK-NIKoil, URALSIB, Bryansky Narodny Bank and Kuzbassugol Bank. The new bank had not only consolidated the assets, branches and clients of the five banks, but the decision has been taken to provide a common platform for technology across the entire merged entities as well. A key focus was adoption of a unified technology engine to power growth and innovation in the marketplace.
âAt URALSIB we have embarked on a technology-led business transformation journey in compliance with our own growth strategy which implies broad development of our sales network, says Andrey Donskih, Chairman of the Board, URALSIB Bank. â âWe are confident about strengthening our leadership position in the national banking industryâ.
Implementation of Finacle universal banking solution at URALSIB BANK will continue. The near term plan of the project team is to carry out the lessons-learnt analysis and to incorporate the new legislative requirements into the system. The go-live in the Bankâs central office, Moscow, has been planned for 2008.