OREANDA-NEWS. June 10, 2010. AMT BANK completed a regular stage of modernizing its IT platform by implementing the Arrangement of Cooperation with Borrowers system developed by the Centre of Financial Technologies (CFT). The new information system will let AMT BANK optimize its work in relation to support of customer loan agreements and integrate business processes as to prevention and recovery of overdue indebtedness into a single functional pocket, reported the press-centre of AMT BANK.

The Arrangement of Cooperation with Borrowers system includes several functional modules: Loan Agreement Maintenance, Overdue Loan Monitoring (Debt Collection) and Keeping of Parallel Processes of Processing of Overdue Loan Enforcement Claims.

“Implementation of the system will lay the foundation for higher efficiency of the work with borrowers and is aimed at decreasing the share of overdue indebtedness in the Bank’s loan portfolio” – stresses Igor Koval, Executive Director at AMT BANK.

“The CFT and AMT BANK share mutual good long-term partnership relations - says Andreay Visyaschev, Chairman of the Board at CFT GC, - being a highly technological bank, AMT BANK always implement the best information technologies of those available in the market. We like it that AMT BANK chose the solution of the CFT to automate the Bank’s loan support efforts. We are sure that the Arrangement of Cooperation with Borrowers system will secure to the Bank, on the one hand, higher percentage of debt repayment, on the other hand, lower risks and costs as to collection of overdue indebtedness”.

AMT BANK has cooperated with CFT since 2000 since the time of establishment of the information and technological infrastructure of the Bank on the basis of the CFT-Bank. By the present time AMT BANK implemented such modules like SCS, Conversion Transactions, Cash Collection, Loans, Deposits, Safe Deposit Boxes, Depository, Shares and Bonds, Bills and a special module for budget planning.