Banca Intesa Together with Diasoft Completed the First Phase of Its Large-Scale IT Transformation
October 5, 2020
Banca Intesa, the Russian subsidiary of the Intesa Sanpaolo Group (Italy), together with Diasoft, a global provider of financial services technologies, has completed the first phase of its large-scale IT transformation project. During the project, the Bank plans to migrate data from several core banking systems to a single modern platform that will be developed by Diasoft, acting as a general contractor in this project. The whole project will be implemented in three phases.
During the first phase, the Bank has migrated to a new version of the Diasoft system, which created a reliable foundation for further transformation of the Bank’s IT infrastructure. The project scope included an update of 14 components of the Diasoft system used at Banca Intesa. These are solutions for support of current accounts, foreign currency payments (SWIFT), general ledger, anti-money laundering, loans, payment cards, bank guarantees, reporting, capital and money markets and protection of e-messages. In addition, the Bank implemented five new solutions, including the settlement hub and a component for interaction with public authorities: The Federal Tax Service, The Public Information System of the Utilities Service.
The implementation of the project involves active participation of representatives of the head office of Banca Intesa – the Intesa Sanpaolo Group (Italy). Due to the wide geographic distribution of the project team and an uneasy pandemic situation, all works during the first phase of the project have been completed remotely.
“Together with Diasoft, we are implementing a project which is important for the whole Intesa Sanpaolo Group. Our colleagues from the head office in Italy are taking an active part in the implementation, and all team members constantly stay in touch through regular strategic online meetings. Together with Diasoft, during the first phase of the project, we migrated the current system to the new version, audited bank systems and products, upgraded some of the functions, and implemented new solutions, which were required to support financial regulations and ensure successful bank operations and active business development. The next steps of the project will include works for integration of data from other systems on a single platform. In the area of software development and integration, we fully rely on skills and expertise of Diasoft as our general contractor”, commented Irina Vasina, Chief Operations Officer at Banca Intesa.
“The transition to a single platform is fundamental for the business of a dynamically developing financial institution. Besides economic benefits, this approach to the IT infrastructure will create a foundation for support of business changes, launch of new products, implementation of new regulatory requirements, and development of digital channels. This approach also makes it easier to implement any innovation. We greatly appreciate the trust of Banca Intesa to our company, both in the area of software development and system integration. For us, this task is non standard but clear, and we are confident in the success of the project”, said Denis Olshevsky, Member of the Board of Directors at Diasoft.