Smart Systems Technology updates automated systems in four banks

Smart Systems Technology has completed the main stage of work for the integration of an updated version of an automated Smart Bank banking system in four financial institutions of Azerbaijan, company reported.
Currently the main stage of the integration of the system has been completed in Turan Bank, NBC Bank, Caucasus Development Bank and non-bank Agrarkredit credit organization.

Full completion is expected by the end of the month. It is updated contracts with about 80 percent of banks with which we cooperate in this area. Gradually the system will be updated in other banks, where it is already installed.

Installation of a new, fourth version of Smart Bank is underway in banks. In this version, according to the requirements of banks and instructions of the Central Bank of Azerbaijan (CBA), International Bank Account Number (IBAN) and support for Unicode were used.

In accordance with the CBA decision, since September 2012 in interbank settlements to any intra-bank and client accounts the structure of the IBAN accounts will be applied.

 

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