BPC delivers SmartVista processing solution to Tatfondbank

Banking Production Centre (BPC), the leading e-payments and retail banking solutions provider and systems integrator, has successfully signed an agreement with Joint-Stock Investment Commercial Bank “Tatfondbank” (The Republic of Tatarstan) to supply SmartVista suite of software products for the bank’s in-house processing centre.

The key element of the project to be launched at Tatfondbank will be the implementation of software solution designed for Visa International and MasterCard International card products issuing and acquiring. SmartVista software components supplied and deployed under the agreement will make up an efficient processing infrastructure supporting all advanced card products and service delivery channels.

Features and functions of the newly implemented processing centre will allow the bank to deliver innovative value-added services to the customers. Along with selecting card products that meet their needs and expectations the bank’s clients will definitely benefit from such extra services as Internet banking, SMS-notifications etc.

“Commitment to SmartVista solution and implementation of the processing solution to support operations with International Payment Schemes’ cards will bring our retail business to a new level where the modern technology is the key factor for growth and development. With the new processing facilities in place we shall be able to strengthen our positions on the payment card market both on the scale of Tatarstan and Russia as a whole, and to meet the comprehensive requirements of our clients for easy-to-use card products and services”, said Albert Bikbov, Head of Retail Business Department, Tatfondbank.

“For BPC the contract with Tatfondbank to build an in-house processing centre is the breakthrough in the Tatarstan market. We are confident that SmartVista’s functional excellence coupled with the company’s wealth of experience in implementing projects for the largest Russian and overseas banks will contribute to building up a future-proof processing infrastructure that will be a solid foundation for the bank’s retail business development for the years to come. We believe that this project will be a starting point for the next BPC’s challenging achievements in the Republic of Tatarstan”, said Anatoly Loginov, CEO & President, BPC.

JSICB "Tatfondbank" , registered on the 24th of August, 1994, is one of the three leading banks of the Republic of Tatarstan. The authorized capital of the bank is 2 303 billion rubles. Bank’s principal shareholders include Tatagrokomplekt – 19,9%, Zainsk sugar factory - 7,9%, Aligal holding company - 5,6%, Nizhnekamskneftekhim - 5,2% and some other industrial and factory-farm enterprises of Tatarstan. Tatfondbank has been ranked the 2nd among the banks of Tatarstan in terms of the lending portfolio (9 469.7 mln rubles as of the beginning of 2005).