View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 6, 2009

Alfa Bank extends relationship with Misys

To support its expansion throughout eastern Russia

By CBR Staff Writer

Alfa Bank Moscow has extended its relationship with Misys, a UK-based provider of application software and international banking software, until at least 2020 to expand its operations throughout eastern Russia.

The service from Misys is claimed to enable the bank to serve its retail and corporate customers in the region, increase its market share.

The agreement is the latest in a long partnership between Misys and Alfa Bank, which has seen the two organizations jointly develop Russia-specific features, ensuring the bank complies with The Central Bank of Russia regulations and adheres to the country’s accounting standards.

Sergey Mednov, chief information officer and member of the board from Alfa Bank, said: The extension of the partnership provides us with a secure platform on which to grow our consumer and corporate banking business further. Misys has been a trusted partner of ours for many years and we are confident that we have the right mix of solutions and support to ensure our business grows at minimal risk and maintaining a low total cost of IT ownership.

Guy Warren, EVP and General Manager of Misys Banking, said: “We are delighted to be able to continue to help Alfa Bank to meet its business goals. The close partnership we have with Alfa Bank’s team has made it possible for the bank to maintain its position at the forefront of the banking sector in Russia. It is yet another financial institution that is securing its future growth underpinned by our world-beating solutions.”

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.