VTB Bank (Deutschland) signs for Xcom e-banking system

Source: Xcom

Following an intense selection process conducted internationally for more than five months, the decision of VTB Bank (Deutschland) AG located in Frankfurt am Main falls on the eBanking solution of XCOM AG.

VTB Bank (Deutschland) AG is held by the affiliated group of VTB Bank Russia located in Moscow and St. Petersburg. VTB is the second largest Russian business bank and it controls subsidiaries and participations in 19 countries in the former CIS, Western and Eastern Europe as well as in North Africa.

The XCOM package includes both the implementation of the new ebanking server and in a further step the modernisation of the entire eBanking system for companies and bank clients of VTB (Deutschland) AG. Furthermore, partner banks that collaborate with VTB will also be included.

The scope of service includes the transaction server TRISTAN, the recently developed TRISTAN TM hub as well as the frontend WEBFiliale including cash management transactions and an enhanced administration client. XCOM will fulfil all of the bank's individual requirements during this project which commences in January 2009.

Dr. Rainer Fuchs, member of the board, XCOM: "we are of course highly content that VTB Bank also has decided to employ our cutting -edge and future oriented eBanking solution. It demonstrates once again that we are not only one of the leading system providers in this segment, but meanwhile dispose of an eBanking Suite that provides enormous in-depth functionality and generates concrete, apparent economic advantages."

Furthermore, XCOM is replacing the eBanking system of a competitor at VTB Bank (Deutschland) AG.

XCOM will conduct significant upgrades to the bank server which will allow VTB Bank (Deutschland) AG to service also clients of other institutions in the future.

Christof Roβbroich, Senior Sales and Account Manager of XCOM: "this project definitely puts high demands on our Competence Centre eBanking from a development engineering perspective. But we repeatedly demonstrated in recent years that our development team is in a position to fulfil such requests -in time and budget-."

Of particular interest is also the planning of a strategic partnership between XCOM and VTP upon contract conclusion.

Dr. Rainer Fuchs states: "with regard to the international business strategy of our company this perspective partnership with one of the largest Eastern European banks has a very special meaning. We will do our utmost to successfully fulfil this demanding project for VTB Bank in order to create also a basis for a further cooperation with other institutions of the VTB Bank Group."

Essential for VTB's decision to choose XCOM was not only the high market reputation in connection with the development competence of the German software corporation.

Additional deciding factors were the unexceptionally and successfully large projects completed in recent years, e.g. for Deutsche Postbank or ApoBank and last but not least the leading technology basis that comprises entirely German domestic and foreign funds transfer including SEPA.

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