18.11.2008 | Austria
S&T: Complex IT-System for Ukrainian Oshadbank
IT Solution for Compensation Payments to USSR Savings Bank Investors
Highly Sensitive ContractS&T Ukraine was awarded the highly sensitive contract together with its partners EMC and UNITI-BARS. The project is centered on a consolidated database containing data about all Ukrainian citizens who had saved in the USSR Savings Bank, as well as all the data relating to compensation payments. The system simultaneously processes enquiries in real-time from across Ukraine and has a business intelligence solution as well as a reporting function in order to fulfill the various requirements of the bank and regulatory bodies. “Our Ukrainian experts have produced outstanding work despite the tight project schedule,” explains Christian Rosner, S&T CEO.
Anatoliy Solodovnik, Deputy Chairman of the Oshadbank Board: “The implementation project for the ‘Register of the Investors of the Former USSR State Savings Bank’ information analysis system represents a special phase in the development of the IT infrastructure at Oshadbank in Ukraine. The social importance of the issue placed great demands on the system to ensure payment of compensation to investors in the former USSR State Savings Bank, particularly in terms of reliability, scalability, functionality and, not least, in terms of the implementation conditions. The highly effective cooperation between Oshadbank and our reliable partners made it possible to solve the problem successfully and to thereby fulfill all the fundamental requirements. Oshadbank has again demonstrated that its infrastructure is well placed to provide top quality banking services with high levels of speed and accuracy to the whole of Ukraine.”