Banking and Systems Report: Russian Federation - Edition 3

The Russian Report looks at the domestic and international banks within this high-growth market, setting out their challenges, and their systems choices and options.

This 3rd Edition of the Russian Federation: Banking and System Report has been extensively updated to incorporate all major changes and developments that have taken place throughout 2007 and into 2008. Since the first edition, our reporters, alongside our own Russian correspondent, have continuously sourced on-the-ground information from key individuals from within both the banking and supplier sector in order to provide an in-depth, insightful review of what is taking place within this dynamic market.

Russia presents a host of opportunities for both domestic and foreign banks as well as for system vendors. If a bank or supplier is to establish a secure foothold within Russia then now is the time to do so. This vibrant market has seen a substantial growth in the consumer lending segment, which alongside the high interest rates, promises a lucrative return on investment. Corporates are, in turn, investing in Russian banking facilities as confidence in Russian banking continues to grow. A major consequence of the increase in retail banking is the dire need for banks to replace their old legacy system with contemporary models capable of meeting the requirements of scalability and flexibility.

Moreover, as international players enter, or as Russian banks look to expand further into the West, they are being faced with the challenge of coping with dual banking operations. Not only do they need to contend with existing Russian banking practices but they are having to conform to Western standards if they hope to compete on an international scale.

Key features:

• A background and overview of Russia’s banking system and recent events that have shaped it
• Case studies of banks which include interviews with senior executives including top managers, vice-presidents and IT directors
• A profile of the current state of affairs in the Russian banking and banking software markets
• An overview of the country's top 30 banks - their activity, performance and technologies
• An analysis of over 30 Russian and international suppliers and systems that are relevant to banks in Russia.

Case Studies included:

1. Renaissance Credit, Moscow
- A fast-growing consumer lending bank with the presence across Russia’s ten time-zones.
- Core banking systems implemented – Profile and Diasoft FA#
- Vendors – Fidelity National Information Services and Diasoft
- Interviewees – Hermann Tischendorf, senior vice president, CIO and Yaroslav Medox, director of IT development department

2. Tinkoff Credit Systems Bank, Moscow
- A retail bank that specialises in credit card business (a concept derived from the US-based Capital One model).
- Core banking system implemented – Va-Bank XL
- Vendor – Fors Banking Systems
- Interviewee – Vitalie Tataru, CIO

3. ZAO Danske Bank, St Petersburg
- Originally a retail-oriented subsidiary of Sampo Bank (Finland) had its activity reversed to purely corporate banking with the arrival of new shareholders, Danske Bank Group (Denmark).
- Core banking system implemented – BISquit
- Vendor – BIS (Banking Information Systems)
- Interviewee – Sergey Gousev, head of IT department

Russian Banks profiled:

• Absolut Bank
• Alfa-Bank
• Ak Bars Bank
• B.I.N. Bank
• Bank of Khanty-Mansiysk
• Bank of Moscow
• Bank Soyuz
• Banking Group Zenit-Devon-Credit
• Gazprombank
• Globexbank
• International Industrial Bank (Mezhprombank)
• KIT Finance Investment Bank
• MDM Bank
• Nomos-Bank
• Petrocommerce
• Promsvyazbank
• Rosbank
• Russian Agricultural Bank
• Russian Standard Bank
• Sberbank
• Sviaz-Bank
• TransCreditBank
• UniCredit Bank (former International Moscow Bank)
• UralSib
• URSA Bank
• Vnesheconombank
• Vozrozhdeniye
• VTB Bank
• ZAO Citibank
• ZAO Raiffeisenbank Austria

Foreign suppliers profiled:

• CMA Small Systems AB
• Delta Informatique
• ERI
• Fidelity Information Services
• Financial Objects
• Fiserv
• Forbis Ltd
• I-flex Solutions
• Infosys Technologies Ltd
• Misys Banking Systems
• SAP AG
• Sungard System Access
• TCS Financial Solutions
• Temenos Group

Russian suppliers profiled:

• ASoft
• BIS (Banking Information Systems)
• BPC Group Banking Technologies
• CFT (Centre for Financial Technologies)
• CSBI (Computer Systems for Business International)
• Diasoft
• Escape-M
• Fors Banking Systems
• IBS Borlas
• Inversia
• New Athena
• ProgramBank
• R-Style Softlab
• Quorum
• Reliz
• Software Systems and Technologies Ltd
• Technos-K
• UniSAB

Format: A4 (297x210mm), 252 pages, Print, eBook. What are these?

Publication date: April 2008

ISBN: 978-1-904778-23-3

HOW TO ORDER
Online: Add titles to your cart (see below)      Tel: +44 (0) 1303 262 636
Email: publications@ibsintelligence.com        Fax: PDF order form



When ordering online, please enter a VAT ID number (EU customers only) in your account/shipping address. Dollar and Euro prices are indications. Orders placed using our secure payment facility will be charged in £GBP. Currency conversions are handled by your credit card issuer. To pay in Euros or Dollars please contact us (details above).