As part of the digital transformation of the Rosseti Group's treasury function, IDGC of Center and Volga Region put into commercial operation the Transit 2.0 financial messaging platform run by National Settlement Depository (NSD).
Transit 2.0 is a system that allows corporations and banks that service these companies to exchange financial messages. Developing this new multibanking service is a strategically important task focused on implementing a speedy exchange of financial messages with all counterparties. The platform unifies and standardizes participants’ interactions, and increases their effectiveness and safety.
“Implementing local digital solutions is the basis for the digital transformation of Rosseti and IDGC of Center and Volga Region. Using the Transit 2.0 platform will allow us to reach the new level of interactions with partner banks,” said Igor Makovskiy, CEO of IDGC of Center, a company that manages IDGC of Center and Volga Region.
This spring, IDGC of Center and Volga Region, together with Sberbank and Gazprombank, successfully conducted pilot transactions via Transit 2.0. On 3 August, the company began performing payments using this multibanking gateway. “The project has been implemented with the active involvement of the platform's developer – National Settlement Depository, as well as Gazprombank and a team of Rosseti’s Unified Treasury. In the future, we plan to connect all partner banks to Transit 2.0,” added Artyom Alyoshin, Deputy General Director for Economy and Finance, IDGC of Center.
“We are happy to continue to interact effectively with Rosseti Group companies. National Settlement Depository offers to use its platform allowing for the convenient work of corporations and their settlement banks. Transit 2.0 has been developed on the basis of the existing service for interacting with stock market participants and has numerous advantages: multibanking options, high operational speed, and the most important feature – reliability of the systemically important financial institution,” pointed out Alexander Nam, Managing Director for IT Services, NSD.