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Center Of Financial Technologies
Center of Financial Technologies (CFT) (russian: Центр Финансовых Технологий, ''Centr Finansovyh Tekhnologiy'') is a Russian software company that provides software solutions and services to financial, healthcare and public sectors. It has been described as "Russia’s national payment system (like PayPal for Russia)". It is among the five largest software developing companies operating on the CIS market. Operations The company offers banking software and processing services. Banking software In financial services, the company's software is used in retail banking and corporate banking to automate processes. CFT also provides solution to capital market activities. * 2MCA (Mission Critical Application) - universal banking system designed for federal and multi-divisional banks. * CFT-Bank (based on Oracle) - core banking system for operation, accounting, management systems automation. * CFT-Retail Bank (based on Oracle) - retail banking solution. * CFT-Dat ...
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Novosibirsk
Novosibirsk (, also ; rus, Новосиби́рск, p=nəvəsʲɪˈbʲirsk, a=ru-Новосибирск.ogg) is the largest city and administrative centre of Novosibirsk Oblast and Siberian Federal District in Russia. As of the Russian Census (2021), 2021 Census, it had a population of 1,633,595, making it the most populous city in Siberia and the list of cities and towns in Russia by population, third-most populous city in Russia. The city is located in southwestern Siberia, on the banks of the Ob River. Novosibirsk was founded in 1893 on the Ob River crossing point of the future Trans-Siberian Railway, where the Novosibirsk Rail Bridge was constructed. Originally named Novonikolayevsk ("New Nicholas") in honor of Emperor Nicholas II, the city rapidly grew into a major transport, commercial, and industrial hub. Novosibirsk was ravaged by the Russian Civil War but recovered during the early Soviet Union, Soviet period and gained its present name, Novosibirsk ("New Siberia"), i ...
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Sovetsky District, Novosibirsk
Sovetsky District is an administrative district (raion), one of the 10 raions of Novosibirsk, Russia. It is located on the right and left banks of the Ob River. The area of the district is 89,2 km2 (34,4 sq mi). Population: 141,911 (2018 Census). History The district was established on March 26, 1958. The new raion included Ogurtsovo, Left Chyomy and Right Chyomy, Nizhnyaya Yeltsovka, "Shcha" Microdistrict and Akademgorodok. In 1959 more than 33,000 people lived in the Sovetsky District. Akademgorodok Akademgorodok was founded in 1957. Academicians Mikhail Lavrentyev, Sergey Sobolev, Andrey Trofimuk, Sergey Khristianovich and others played a big role in establishing of the naukograd. The Institute of Hydrodynamics is one of the first research institutions that opened in the scientific town. December 30, 2014 Akademgorodok was included in The Register of Objects of Cultural Heritage (monuments of history and culture) of the Peoples of the Russian Federation File:Lavrentye ...
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Companies Based In Novosibirsk
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Financial Technology Companies
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessmen ...
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Banks Established In 1991
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Software Companies Of Russia
Software is a set of computer programs and associated documentation and data. This is in contrast to hardware, from which the system is built and which actually performs the work. At the lowest programming level, executable code consists of machine language instructions supported by an individual processor—typically a central processing unit (CPU) or a graphics processing unit (GPU). Machine language consists of groups of binary values signifying processor instructions that change the state of the computer from its preceding state. For example, an instruction may change the value stored in a particular storage location in the computer—an effect that is not directly observable to the user. An instruction may also invoke one of many input or output operations, for example displaying some text on a computer screen; causing state changes which should be visible to the user. The processor executes the instructions in the order they are provided, unless it is instructed to ...
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Outsourcing Companies
Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity which otherwise is or could be carried out internally, i.e. in-house, and sometimes involves transferring employees and assets from one firm to another. The term ''outsourcing'', which came from the phrase ''outside resourcing'', originated no later than 1981. The concept, which ''The Economist'' says has "made its presence felt since the time of the Second World War", often involves the contracting of a business process (e.g., payroll processing, claims processing), operational, and/or non-core functions, such as manufacturing, facility management, call center/call center support. The practice of handing over control of public services to private enterprises (privatization), even if conducted on a limited, short-term basis, may also be described as outsourcing. Outsourcing includes both foreign and domestic contracting, and sometimes includes offshoring ( ...
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Banking Technology
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Uralsib
Uralsib (russian: ПАО «Банк Уралсиб») is a Russian commercial bank, headquartered in Moscow. According to Russian Forbes, as of 2022, it was one of the country's largest banks with the net asset value of approximately 530 billion rubles. Uralsib is a successor company to Bashcreditbank (since 2001, known as Ural-Siberian Bank) founded in 1993 by Bashkortostan's government. The bank was created by merging Ural-Siberian Bank and Avtobank-NIKoil in 2005. The latter was Nikolai Tsvetkov's company closely affiliated to LUKoil. In 2013, it employed 19,342 people. Uralsib is said to have been "roiled by mismanagement", with its founder Tsvetkov agreeing to step down in 2015 in return for a bailout, as the bank was on the verge of bankruptcy and having its banking license revoked. During his time as chairman Tsvetkov became known for his application of New Age philosophy to company management, which included requiring all employees to read books by a self-help guru an ...
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MDM Bank
MDM Bank (russian: МДМ Банк; 2009-2017), is a former Russian joint stock commercial bank. Original MDM-Bank was one of Russia's largest private banks originally based in Moscow (1993-2009), then merged renamed and moved to Novosibirsk (2009-2016) MDM and URSA estimated that the new MDM Bank would have capital of US$2.5 billion and total assets of US$18.7 billion, although in practice the numbers ended up being somewhat lower. History The original MDM Bank was founded in Moscow in December 1993 and holds a General Banking License issued by the Central Bank of Russia (#2361 dated 13 February 2003, which will be voided as the bank migrates under URSA Bank license #323). Igor Kim, chairman and shareholder of URSA, has been the new bank's chief executive officer during the transition period; Oleg Vyugin chairs the board of the bank's holding company and the former MDM CEO Igor Kuzin is chief executive of the holding company. URSA Bank was founded in 1990 as ''Si ...
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Gazprombank
Gazprombank (russian: Газпромбанк), or GPB (JSC), is a private-owned Russian bank, the third largest bank in the country by assets. Since November 2014, Yuri Shamalov's Gazfond is its largest shareholder. The bank’s principal business areas are corporate banking, retail banking, investment banking and depository services. Its banking activities also include securities trading, foreign exchange operations, precious metals operations, clearing operations and settlement services. The bank has a distribution network of 43 branches and over 260 banking outlets located throughout the Russian Federation. GPB also has ownership interests in three other Russian banks. In addition, Gazprombank is represented in the markets of Belarus and Switzerland through ownership interests in two foreign banks: Belgazprombank (Belarus) and Gazprombank (Switzerland) Ltd. Gazprombank also has representative offices in Mongolia, China and India. History In August 2005 for 37.22 billion rubles ...
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