MTS Bank Implemented Diasoft FLEXTERA BI to Support Its Regulatory Reporting

Tuesday, February 20, 2018

Diasoft and MTS Bank announced that they have successfully completed implementation of Diasoft’s analytical platform FLEXTERA BI. The project has been delivered within record-breaking time – just within one year, the bank automated 42 regulatory reports for the Bank of Russia.

The goal of the project was to implement a modern enterprise-class high performance solution that would automate regulatory reporting at MTS Bank based on the bank’s integrated data warehouse. This approach helps to facilitate data download and allows using unified capacity of servers of the analytical system, which significantly reduces infrastructure and maintenance expenses.

“Preparation of regulatory reports involves a large number of employees, who should collect and process information and create each report in its required format,” said Alexey Yeltyshev, Chief Accountant at MTS Bank. “We searched for a ready enterprise solution that was already successfully used in other banks. It was an important criterion for us that we could integrate the selected product into our infrastructure, without having to create an additional data warehouse.”

“The architecture of the analytical platform FLEXTERA BI allows using different implementation approaches, including implementation of the solution into the bank’s data warehouse. In this case, the functions are divided into two parts: the bank takes responsibility for data download into the data warehouse and for their integrity, and FLEXTERA BI uses these data to generate regulatory reports for the Bank of Russia,” commented Oksana Smirnova-Krell, Vice President, Member of the Board, Head of the IT Department at MTS Bank. “The reporting system must ensure advanced business control of data at different levels and allow editing information both at the level of detailed data and in ready reports. At the same time, all stages – calculation, quality control, data enrichment – must form a single process. The main purpose of such systems is to ensure timely submission of high-quality reports.”

MTS Bank (PJSC) is a universal commercial bank, one of the 50 leading banks in Russia. The bank holds the General Banking License No. 2268 dd. 17.12.2014 issued by the Bank of Russia. The branch network of MTS Bank covers more than 50 cities in the 30 largest Russian regions. The main shareholders of the bank are Sistema PJSFC and Mobile TeleSystems B.V., a subsidiary of the Mobile TeleSystems PJSC.