Russian Standard Bank Develops Complex of Settlement Services
OREANDA-NEWS. July 12, 2010. Russian Standard Bank, one of the largest banks in
Build-up of the partnership network for making money transfers is an important element in implementing the Programme for developing a complex of settlement services of Russian Standard Bank. The use of MTSI significantly enhances capabilities of the customers living in
Implementation of MTSI considerably reduces the costs of the money transfer business and increases its profitability.
The use of the Money Transfer System Integrator allows banks to increase profitability in the sphere of money transfers tenfold – due to at least a threefold cost reduction and at least a threefold increase of the client base coverage. Our solution allows to use the “single window” and operate a variety of most popular systems while leveling down the qualification requirements to the personnel,” – stated Andrey Gribov, President and CEO, CyberPlat OJSC.
The operation on sending and payment of money transfers in Russian Standard Bank using MTSI meets international standards of customer service quality. When making a money transfer, the sender selects the country or a specific point where the recipient will be able to collect the funds received in his name. The time required for the money transfer is less than 10 minutes depending on the transfer system specified by the sender and the destination of the transfer. The identification is performed using the recipient’s identification document and a unique alphabetic or numeric code that is communicated to the sender while making the transfer. Money transfers are made in rubles, U.S. dollars or Euros and the sender can use the MTSI to carry out automatic conversion of the transferred funds into the required transfer currency.
The money transfer service is currently available in 55 operation offices of Russian Standard Bank.