Core Banking System

The underlying principle of Colvir CBS is customer orientation, and it offers an impressive array of modules that a bank needs. The system is distinguished by its reliability, high performance, development process optimization. Colvir Core Banking System complies with a multitude of international industry standards, e.g. such standards with respect to the range of processed operations, security, audit.

Colvir Core Banking System represents a state-of-the-art platform designed to support effective banking business management, based on a hybrid architecture and offering a wide range of business modules spanning a large number business processes in a bank of any size – from a small niche one to large universal banks. The system meets current requirements applied to solutions for automating financial institution activities, it has been localized for 10 countries and can be easily adapted for launching in new countries, it is being continuously improved and developed further in line with business requirements.

Product advantages

Adaptability without coding

The platform incorporates a number of pre-installed components that simplify setup of application modules, reports, templates and products. This facilitates for bank staff quick launching of products, independent improvement of system processes, and implementing setups that reduce time-to-market and vendor dependence thanks to the customer’s ability to perform system modifications leveraging their own resources.

Modular Design Concept

Colvir automate key banking processes enabling the system to be configured in line with the Bank’s current needs and development perspectives. The broad product line facilitates for user banks prompt response to market requirements that keep changing continuously. Colvir CBS includes a corporate Service Bus and a Data Warehouse.

New Generation Open Architecture

Service-oriented architecture is an ideal solution for effective IT infrastructure adaptation to the company’s business goals. Colvir CBS assists banks in achieving a top competitive ranking due to its inherent simplicity of banking process integration, its flexibility and minimized risk of downtime or data loss.

Premium Class Services

Colvir Software Solutions processes are optimized for the customer with each professional employee engaged in development, implementation or support doing his/her best to ensure reliable system operation and its high performance.

More about the product

"This is a project of an extremely large scale. At its start the two banks were absolutely different in terms of technology, as well as in terms of their culture, and this could not fail to make an impact on the integration process. Business process difference were making themselves felt the most during the stabilization period that followed migration. As of today, further process optimization and operation system development is ongoing in non-stop mode, and thanks to this it can be said that the overall situation is improving. Kazcommerzbank employees are gradually getting used to the products and processed leveraged by the People’s Bank, all Kazcommerzbank client accounts are accessible in the People’s Bank of Kazakhstan with full retention of the terms and conditions of all the issued loans and accepted deposits. On behalf of the merged bank we thank the Colvir Software Solutions team for their excellent work on this project!"