Diasoft hit the TOP10 BI Vendors in Russia

Thursday, July 12, 2018

Diasoft, the leading provider of cutting-edge solutions for the financial services industry, has moved to the eighth place in the list of The Largest Providers of BI Solutions in Russia 2017 by CNews Analytics.

The confident upward move in the CNews rating and the revenue growth of the company’s BI business by 40.1% was caused by the growing market demand for Business Intelligence technologies and the need for implementation of powerful professional tools for regulatory reporting in terms of the increasing control and higher regulatory requirements, due to which Diasoft won a row of large-scale contracts for implementation of FLEXTERA BI.

“2017 was a very fruitful year for us”, commented the results of the rating Nickolay Makarevich, COO for the BI and Reporting Business at Diasoft. “Our growth rate proves that the market trusts our products and expertise. Each of Diasoft’s large-scale projects at the leading financial institutions involves implementation of BI tools, and it is really exciting to receive recognition for what we do”.

Diasoft won the “Financial Sphere” award as a recognized partner of leading Russian banks in large-scale projects for automation of regulatory reporting based on the enterprise-class FLEXTERA BI. Diasoft’s projects in VTB, the International Investment Bank, MTS Bank received high accolades from the banking community and won prestigious international and national industry awards.

The joint project of Diasoft and VTB became the winner of the prestigious international Banking Technology Awards 2017 in the category “Best Use of RegTech” and became part of the global banking history as a unique experience in creation of an enterprise-class solution capable of processing enormous amounts of data.

“We are grateful to all participants of our BI projects and are proud to see satisfaction of our customers with results of such projects. We are eager to share our accumulated expertise to make our contribution to the development of the financial industry with each new project”, said Nickolay Makarevich.

According to CNews, the Russian market of analytical solutions has grown by a forth. Vendors noticed a more mature attitude of businesses to the use of the ever growing amount of information. Modern companies need quicker decision making and more rapid response to changes. Use of new technologies that became a trigger for the growth of the Russian BI market provides a significant competitive advantage. That is why, according to experts, the increase in the number of big data projects is unavoidable.

City: 

FLEXTERA BI is a specialized platform for creating, modifying and running business intelligence applications used for the multidimensional business analysis. The solution is specially designed to fulfill all the functions associated with business intelligence tasks of a financial institution and provides comprehensive instruments for financial performance analysis, management reporting and regulatory reporting.
The solution is built on JavaEE technology in full compliance with SOA principles and uses enterprise-class components from the global technological leaders — SAP, Oracle, and IBM, together with unique analytical instruments developed by Diasoft to deliver the most advanced business intelligence capabilities for the improved analytical insight and decision making.