Colvir Carries out Exchange Market Stocks and Bonds Module Update at Altyn Bank

The Exchange Market Stocks and Bonds module is part of the Colvir Treasury solution installed at Altyn Bank. The solution facilitates automation of the Bank’s transactions in international and domestic financial markets. While the module had been implemented earlier and was fully functional, the update has provided it with new functionality.

The Bank was keen on the project as installing the update has made new features available to users. These included: Floating Rate Securities Accounting; Perpetual Rate Securities Accounting; Indexed Securities Accounting; Securities Reclassification.

Yuri Arutyunian

Colvir Account Manager

Securities transactions are a key Bank Treasury activity type with their objective being inter alia additional monetary resource mobilization.

The project went smoothly: the Colvir team performed new job replication and testing. Following acceptance by the Bank, the solution was transferred to production use and handed over to support in October 2022.

Dinara Tumenova

Implementation Project Manager

The updated functionality creates additional opportunities for the Bank to handle new products. Altyn Bank will now be in a position to deliver to its customers a broader range of services within the Treasury operations scope.