Moscow, 20/12/2007

According to Mrs. Yulia Topolskaya, Head of the Retail Business - MDM-Bank, the cooperative project between MDM-Bank and CRIF, which is a European leader in the development of decision support systems for the retail credit market, will allow to speed up the credit application processing solutions.

“This innovative solution represents the most modern risk assessment system based on scoring and analytical models. It has been successfully adopted by European leading banks and demonstrated its efficiency. By implementing CRIF’s solution MDM-Bank gets extra competitive benefits in the Russian banking market and a more strategic tool in supporting clients loyalty”.
MDM-Bank will implement СreditFlow and StrategyOne, CRIF’s products targeted at credit and financial organizations, for the automation of their business processes and the design of decision making strategies in the banks’ retail and SME segments. These business and decision process systems, developed in compliance with Basel II standards and considering CRIF long-term experience in providing services to the largest foreign and Russian banks, offer flexible architectures and personalized configuration, completely tailored to the existing rules and procedures of the Bank.
Mrs. Natalia Shchelovanova, Russia and CIS Countries Regional Manager - CRIF, evaluates the agreement with MDM-Bank as a ground for a very fruitful collaboration: “We are sure that this project represents only the beginning of a long-lasting partnership and that MDM-Bank will appreciate CRIF’s ability to combine technological expertise with an understanding of the nuance relationships between banks and their clients”.
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