Bank SOYUZ launches settlements via NSD's multibanking platform

13 December 2022
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Bank SOYUZ joined the Transit 2.0 multibanking platform of National Settlement Depository. The integration was carried out jointly with BSS, the bank's IT partner.

By using NSD's Multibank, the bank's corporate clients are able to automate their treasury and payment functions and increase the efficiency of their treasury department. Thus, by connecting to the platform, the bank can now expand the range of efficient IT solutions for its corporate clients by providing a single centralised electronic document exchange channel across the entire EDI network. 

With tight deadlines for launching the project, part of the key integration tasks were successfully completed thanks to the expertise of BSS. Above all, support for the technological benefits of Transit 2.0, such as information security controls, electronic signatures and encryption. The integration functionality, including the launch of foreign exchange payments and the creation of currency control documents, is currently being developed in cooperation with BSS.

Pavel Stepanov, Managing Director for Technology Solutions, NSD, Multibank, said:
"Transit 2.0 is a complete platform that simplifies the exchange of payment documents between corporations and banks, improves the quality and speed of financial transactions, and ensures a high level of security and reliability when messages are transmitted through NSD. To date, Russia's largest banks and already more than 50 corporations are connected to NSD's Multibank, and we are pleased that Bank SOYUZ has also chosen NSD as its digital business partner".

Andrey Lapko, Deputy Chairman of the Management Board, Bank SOYUZ, said: 
"Digitalisation of business and improvement of service quality are the main development priorities of Bank SOYUZ. NSD's multi-banking platform is a well-established IT tool for implementing these priorities, creating maximum comfort and technological efficiency for our clients".

Stanislav Shilov, Product Development Director, BSS Center for Digital Business Solutions, said:
"The BSS integration solution has successfully solved the bank's problems in a much simpler way than expected. We see this project as a strategic one. Having Transit 2.0 ready for production integration with the widespread BSS e-banking solution enables corporations to quickly connect their ERPs to exchange documents with banks via Transit 2.0".

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