The Hindu Business Line : Finacle adoption at Russian bank

Infosys Technologies Ltd and URALSIB Financial Corporation said the Russian version of Finacle core banking, CRM and treasury solutions have been successfully tested in the Phase One implementation at Stroyvestbank, Kaliningrad, which is a subsidiary structure of URALSIB BANK.

The solution had been tested across customer information registration, retail and corporate accounts, term deposits, loan origination and support, cash operations, payment system functioning and treasury operations. The solution shall enable the bank to manage the challenges of scale, unifying processes and standards of different business lines.

URALSIB BANK, formed in 2005 by integration of the business lines of five banks, is focussed on the adoption of a unified technology engine to power growth and innovation in the marketplace. The go-live in the Bank's central office, Moscow, has been planned for 2008. - Our Bureau

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