Center of Financial Technologies (CFT) is a leading Russian software company that provides software solutions and services to financial, healthcare and public sectors. It is among the 5 largest software developing companies operating on CIS

CIS

CIS usually refers to the Commonwealth of Independent States, a modern political entity consisting of eleven former Soviet Union republics.The acronym CIS may also refer to:-Organizations:...

 market.

Banking Software

In financial services, the company's software is used in retail banking

Retail banking

Retail banking is banking in which banking institutions execute transactions directly with consumers, rather than corporations or other banks. Services offered include: savings and transactional accounts, mortgages, personal loans, debit cards, credit cards, and so forth.-Types of...

 and corporate banking to automate processes. CFT also provides solution to capital market

Capital market

A capital market is a market for securities , where business enterprises and governments can raise long-term funds. It is defined as a market in which money is provided for periods longer than a year, as the raising of short-term funds takes place on other markets...

 activities.

• 2MCA (Mission Critical Application) - universal banking system specifically designed for federal and multi-divisional banks. Highly flexible and scalable solution.
• CFT-Bank (based on Oracle
  Oracle database
  The Oracle Database is an object-relational database management system produced and marketed by Oracle Corporation....
  
  ) - core banking system for operation, accounting, management systems automation.
• CFT-Retail Bank (based on Oracle) - retail banking solution.
• CFT-Data Warehouse (based on Oracle) - centralized information and analytic system for an efficient corporate data warehouse.
• CFT-Front Office - front retail banking system
• CFT-Budget Planning, CFT-Management Accounts, bank management systems - systems for budgeting and management accounts.

Processing services

• Zolotaya Korona
  Zolotaya Korona
  Zolotaya Korona , is a Russian payment system that provides cash and cashless payment services.Participants of system are 220 banks from 75 regions of Russia, CIS and other countries....
  
  : Russian payment system
  Payment system
  A payment system is a system used for transferring money. What makes it a "system" is that it employs cash-substitutes; traditional payment systems are negotiable instruments such as drafts and documentary credits such as letter of credits. With the advent of computers and electronic...
  
   that provides cash and cashless services. The system unites over 160 participants in 75 regions of Russian Federation and CIS. As of January 1, 2009, total number of cards emitted in the system was 14 382 223. Total turnover in the system reached 415.8 billion rubles.

• Zolotaya Korona - Money Transfers: system of instant money transfers without account opening, that unites over 20 000 points on the territory of RF and CIS, 220 banks and retailers; integrated with MoneyGram
  MoneyGram
  MoneyGram International, Inc. is a US-based, Global Money transfer company, headquartered in Dallas, Texas. It has Global Operations Centers in Saint Louis Park, Minnesota and Brooklyn Center, Minnesota, Global Call Center Operations in Denver, Colorado and regional and local offices around the...
  
   system.
• National bill consolidation system Gorod: system of collection and processing of utilities and other mass payments.
• Faktura.ru: interbank center that provides internet and mobile banking
  Mobile Banking
  Mobile banking is a term used for performing balance checks, account transactions, payments, credit applications and other banking transactions through a mobile device such as a mobile phone or Personal Digital Assistant . The earliest mobile banking services were offered over SMS...
  
   solutions for corporate and retail customers.
• Processing center CardStandard: provides processing services for emission and acquiring of international payment systems cards Visa International and MasterCard
  MasterCard
  Mastercard Incorporated or MasterCard Worldwide is an American multinational financial services corporation with its headquarters in the MasterCard International Global Headquarters, Purchase, Harrison, New York, United States...
  
   WorldWide.

Market role

CFT Group is among TOP 5 largest software developers on the Russian market.
According to IBS Intelligence, CFT occupies the 1st place according to the number of new contracts for core banking

Core banking

Core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices.- Core banking :...

 system on the Russian and CIS markets.
Among CFT customers are such banks as Sberbank

Sberbank

Sberbank Rossii is the largest bank in Russia and Eastern Europe. The company's headquarters are in Moscow and its history goes back to Cancrin's financial reform of 1841...

 of Russia, Gazprombank

Gazprombank

Gazprombank is the largest Russian non-state owned bank, which is among the three largest banks in Russia. It is a joint stock bank founded in 1990. The bank is owned by the Russian gas company Gazprom, which controls 62.59% of shares directly and also retains shares through its subsidiaries...

, MDM Bank

MDM Bank

MDM Bank is a Russian Joint Stock commercial bank, one of Russia's largest private banks based in Novosibirsk. As of August 2009, the bank completed a merger with Novosibirsk-based URSA Bank. The new bank will operate under MDM Bank brand name as an Open Joint Stock Company, but the merger is...

, and Uralsib

Uralsib

Uralsib is a leading Russian financial corporation. It was created by merging Uralsib bank with Nikoil Finance. The latter was Nikolai Tsvetkov's company closely affiliated to LUKoil....

.

External links

• Official site