Bank ZENIT Implements Diasoft’s Solution to Support Its Capital Market Operations

Monday, July 1, 2019

Bank ZENIT goes live with Diasoft FA# Beans to support its operations in the capital market. The project has become an important milestone in implementation of the bank’s long-term development strategy.
 
At the start of the project, Diasoft analyzed the bank’s IT landscape and designed an architecture of the solution together with a set of separate technical specifications for support of business processes aimed at integration with adjacent IT systems.
 
During the joint project, Diasoft automated different areas of the bank’s capital market operations: proprietary transactions in securities, currency transactions, futures and options, brokerage at all markets of the Moscow Stock Exchange. The project also ensured support of a single brokerage account, issue of proprietary bonds, management of proprietary promissory notes, transactions in precious metals, management of minerals developers, interbank loans, and management of OTC derivatives.
 
During its long-term history, Diasoft FA# Beans has proven to be an efficient solution that has become a reliable foundation of the IT architecture of many large Russian banks.
 
“The bank is currently undergoing large-scale changes. We are implementing important initiatives aimed at improvement of all of our business KPIs and select reliable technological partners. The goal of implementation of a modern flexible IT platform is to support rapid development of the bank’s investment business, including the area of brokerage services via digital channels. Diasoft’s team has coped with the task to implement an enterprise-grade solution with due quality and within the schedule”, commented Ilya Kuchugin, Head of IT Department at Bank Zenit.
 
“Being one of key partners for implementation of a portfolio of projects of such a large customer as Bank ZENIT is a very responsible mission, which brings high value for development of our team’s expertise. Besides acting as a classical vendor, we also deliver professional consultancy services, which was demonstrated during this project. We hope that implementation of the Diasoft FA# Beans platform for support of the bank’s capital market operations will help it to achieve its goal to deliver high-quality products and services to its customers”, said Kirill Zolotykh, Head of FA# Financial Markets Business at Diasoft.