January 07, 2009

OJSC Alfa Bank Moscow (Alfa Bank), Russia's largest private bank, has extended its relationship with London-based Misys, application software and services provider, until at least 2020.

Alfa Bank is expanding its operations throughout eastern Russia. Misys' consumer banking solution with scalable treasury capabilities will enable the bank to serve its retail and corporate customers in the region, increase its market share and maintain its lead over the competition, says Misys.

Misys and Alfa Bank have jointly develop Russia-specific features, ensuring the bank complies with The Central Bank of Russia regulations and adheres to the country's rigorous accounting standards.