VTB Bank: Announces RAS financial results for January 2022
- VTB Bank has completed a large-scale modernisation of a corporate information warehouse
- Contains databases used for reporting, business analysis and advanced analytics
- The modernisation has made it possible to speed up the preparation of financial statements by up to 30%
- Savings based on the results of the project within five years will exceed 1.2 billion rubles ($16.1 mn)
- The modernisation improves the quality of data obtained by analysts and reduces the workload of developing mandatory
- The procedures for loading data into the storage were reformatted, the processes were simplified, unnecessary links were removed
