VTB plans to save 180 billion rubles thanks to the transition to Russian IT solutions 13:49

The transition to the use of domestic IT solutions will allow VTB to save 180 billion rubles by 2030. This was announced by Vadim Kulik, Vice President of the VTB Board, during the “Finance Cyber ​​Security” Inal Forum.

According to him, in addition to achieving technological sovereignty, the economic impact of import substitution in the bank as well as providing independence from foreign technologies is also important.

“According to our estimates, savings from the use of imported developments until only 2030 should be about 180 billion rubles,” he said.

Kulik, economic impact, costs will be obtained due to direct optimization to themselves, will be built on open technologies and Russian software will be recorded, he said.

Among the most important for the VTB, the Bank’s top manager believes that Important objects of the bank’s critical information infrastructure are Import substitution (ZII) of CT systems. He emphasized that all of the 57 systems used by the bank were transferred to local heaps. Kulik stated that they interact with their payment and transfer systems, remote banking services, Russian Bank and others.

In addition, the main aspect of the import substitution of the VTB IT infrastructure was transition to a new automatic banking system (ABS) developed on the basis of the distributed service architecture of T1 holding T1. It is stated that the platform has become a technological core for the automation of the bank’s business processes.

Kulik, “a strong and error -resistant IT infrastructure, daily payment, money transfers, placing money in deposits and more for our customers who make us a reliable partner,” he said.

According to him, he allowed the bank to become one of the main partners of the state.

Kulik, “the development of the infrastructure based on open code technologies and we actively participated in local solutions, and this issue came to the fore in 2022,” he said.