MCB and Slavneft Begin Interactions via NSD’s Transit 2.0 Platform

05 December 2019
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Moscow Credit Bank (MCB) and Slavneft Oil Company have begun interactions using the Transit 2.0 financial message exchange platform run by National Settlement Depository (NSD).

This service allows NSD’s corporate clients to manage accounts opened with banks using the NSD solution via a single interface, to quickly exchange financial documents (payment instructions, account statements, and other documents). The integrated solution lets all firms in the holding company use the Transit 2.0 single channel to interact with MCB.

“We have seen an increased interest on the part of major holding companies in new IT solutions related to remote banking services channels. NSD’s Transit 2.0 system is an example of such a solution. MCB offers clients the opportunity to use new technology saving significant time and increasing transaction reliability,” said Alexei Rudakov, Managing Director, MCB. “We are happy that Slavneft has become one of the first clients to connect with the service. NSD’s integrated solution will allow the company to arrange interactions with our bank and other partner banks based on the Single Window principle.”

Transit 2.0 is a system that exchanges financial messages between corporations and the banks that service these companies. It greatly expands users’ options: the platform provides corporations and banks with the option of automatically exchanging payments and other documents, including ISO 20022 messages.

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