Ardshinbank, one of the largest banks in Armenia, has connected to the Bank of Russia’s financial messaging system (SPFS) via the Service Bureau of National Settlement Depository (NSD), Russia’s central securities depository, and has initiated successful interactions by sending a first message to VEB.RF.
The SPFS is an electronic financial messaging channel created by the Bank of Russia. The system guarantees the uninterrupted transmission of financial messages within the country and abroad.
In 2020, National Settlement Depository became the first Russian organization that received the SPFS Service Bureau status from the Bank of Russia. The SPFS Service Bureau based on NSD’s platform provides financial institutions and corporate clients with quick and cost-effective access to the SPFS.
Ruben Khachatryan, Deputy Chief Treasurer, Ardshinbank, said: “Our bank’s priority is to provide our clients with high quality and innovative banking services. Connecting to the Bank of Russia’s SPFS allows us to improve our services and provide them to our clients in a faster way.”
“We think that Ardshinbank’s connection to the SPFS is an important step towards an expanded use of Russia’s financial messaging system. Ardshinbank is one of the leading correspondent banks in Armenia, and we are happy to see that its first SPFS message was sent to us. We would like to thank National Settlement Depository’s specialists for their contribution to the development of the communication channel in the SPFS,” added Konstantin Vyshkovskiy, Senior Banker, VEB.RF.
“We are happy to launch the SPFS Service Bureau, and we welcome Ardshinbank as the first user to connect via NSD’s platform. We plan to develop the SPFS in 2021 by way of the simple and reliable technological connection through our infrastructure,” pointed out Alexander Nam, Managing Director for IT Services, NSD.