NSD’s Transit 2.0 Platform Launches Settlements with Sberbank

  • Open Banking , Infrastructure
  • 19.12.2019 09:14 am

Sberbank and National Settlement Depository (NSD) have signed a technological partnership agreement for financial message exchange via NSD’s Transit 2.0 platform. Under the agreement, corporate clients will be able to automate electronic interactions with Sberbank via FinTech API using NSD’s Transit 2.0 platform. Oil and Gas Company SLAVNEFT is the joint service’s first client.

“We are happy to see that Sberbank began operating via the Transit 2.0 platform. The system’s value increased significantly when Sberbank joined our integrated solution for the treasury. The connection to Sberbank’s services via Transit 2.0 was very quick and required minimal efforts,” said Stanislav Popkov, Head of the Corporate Finance Department, SLAVNEFT.

“Signing the agreement with Sberbank is an important step towards developing the Transit 2.0 platform. Our objective is to simplify the payment document interchange between corporations and banks, as well as to ensure high security and reliability level when sending messages via NSD,” said Alexander Nam, Managing Director for IT Services, NSD. “Corporate treasuries have demonstrated a strong interest in working with Sberbank via the Transit 2.0 platform.”

“The FinTech API solution uses the main scenarios of legal entities’ and fintech companies’ interactions with the bank and allows more than 2 million requests from more than 50 thousand unique clients per day to be processed,” added Evgeniy Kolbin, Vice President, Director of the Digital Corporate Bank Division, Sberbank. “With the use of Fintech API, Sberbank’s corporate clients can process data, pay fees for services, log in to B2B services, and automate routine processes in our online bank system in a secure, fast, and convenient way. This solution was created to provide Sberbank’s corporate clients with the best customer experience. Technological cooperation with NSD’s Transit 2.0 will let our clients get one-click access to FinTech API.”

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