Home Credit and Finance Bank, founded in 1990 and owned today by the Czech investment fund PPF, is a leading Russian retail bank, offering a wide range of commercial banking products. Focusing initially on home mortgage loans, the bank shifted its strategy in 2008 to respond to the economic crisis by concentrating on consumer (cash) loans, which it now offers at 70,000 locations across the country.
Home Credit and Finance Bank wanted to rapidly develop solutions that integrate its numerous banking applications while reducing development costs. The company deployed Oracle Service Bus as a basis for a versatile front-office solution that links all of its IT systems related to banking products, integrating 12 front-, middle-, and back-office systems based on different IT platforms. By re-using integration services to avoid repeated development, simplifying process monitoring, and standardizing integration tasks, Home Credit and Finance Bank significantly accelerated time to market for new banking products, such as car loans and cash loans. It also reduced development costs and programming errors—important achievements in helping Home Credit and Finance Bank to expand its retail banking offerings and regional presence.
At present, all the bank’s IT systems interact with Oracle Service Bus. The deployment solved the bank's major challenge of integrating heterogeneous front-, middle-, and back-office systems.
Home Credit and Finance Bank implemented Oracle Service Bus using in-house resources over a five-month time frame. The bank rolled out the production environment in just three days.