VTB has become the winner of the annual Global CIO Project of the Year award in four nominations at once. The best were the robotization project, the Data Management System project, the RWA calculator and the project for the migration of VTB Bank’s reporting preparation system from Oracle SuperCluster to the Russian solution Arenadata DB. This is stated in the message of VTB.
“In 2020, as part of its digital transformation, VTB not only rebuilt its technology platform and switched to a new IT architecture, but also implemented hundreds of new innovative solutions, four times accelerated the introduction of technological products for customers. These changes have already brought results: our digital services are becoming more and more popular, in particular, the number of VTB Online users has grown by almost 30 percent, “said Vadim Kulik, VTB Deputy President and Chairman of the Management Board. According to him, the victory of projects in four nominations of the Global CIO award at once” is a significant event for VTB “.
One of the winners was the robotization project, since VTB is actively introducing robots into business processes. Among the main digital assistants today are a “smart” robot for round-the-clock consideration of customer requests at ATMs, robots that allowed to cope with peak loads and “support” business-critical processes in the context of the covid-19 pandemic, and a comprehensive solution for the operation of the risk unit.
Another winner is “Data Management System”. The goal of this project is to create a universal and effective platform for navigating through bank data and controlling their quality, ensuring the reliability, consistency and relevance of data.
The RWA calculator was also awarded – an IT solution that allowed VTB to be the first to switch to the finalized approach in early 2020 (Basel 3.5) for the bank’s main regulatory indicators – capital adequacy ratios (Н1.1, Н1.2, Н1 .0). This contributed to savings in the value of risk-weighted assets (RWA), which provided an additional opportunity for lending to the real sector of the economy.
The migration of VTB Bank’s reporting preparation system from OracleSuperCluster to the Russian solution Arenadata DB was also recognized as the best in its nomination. This project was created in order to comply with the requirements of the regulator in terms of reporting and minimizing global sanctions and currency risks. In addition, the implementation of the project contributed to improving the quality and availability of data, reducing the total cost of platform ownership.