Interview of the Director of “LSOFT” Company Larisa Lalayan to Mediamax Agency and Banks.am and Itel.am portals

“LSOFT” Company was founded in 1995. It is specializing in elaboration and maintenance of software support for companies of the financial sector, offering complex solutions in various directions to market participants. The Company is also the official partner of Oracle Company in Armenia.
In 2000 “LSOFT”  company was awarded International Gold Star Award for Quality by Business Initiative Directions (BID). In October, 2008, the company was issued a certificate on meeting requirements of Quality Management System International Standards - ISO 9001:2000.

- Banks have started attaching a significant role to implementation of new technologies among their competitive advantages. What solutions are offered by “LSOFT” to the banking system?

- The level of IT advanced technologies’ penetration into the banking system increases along with expansion of functional capacities of banks, the striving for increase of the quality of provided services and, simultaneously, for optimization of operational processes. In this context, IT components of a bank should represent a reliable basis for all business processes.

The main direction of our company’s activity is elaboration and implementation of software products, aiming at automating the activity of financial organizations. Concerning commercial banks, we have elaborated and implemented an Automated Banking System (ABS) LSBank over the past two years. The system works in on-line mode. This is a fundamentally new approach, which allows taking the functioning of banks to a new quality level.

The system aims at centralizing work of banks, increasing efficiency and manageability of all operational processes. Besides, due to introduction of LSBank, maximum efficiency in data processing is secured, as well as the opportunity to provide services to a large number of customers, who gain the chance to receive the bank’s services in any branch of the bank, irrespective of the registration in a particular branch.

Complex LSBank ABS is built on the basis of a single accounting core and covers all basic directions in the functioning of the Central Bank and commercial banks. At the same time, the opportunity to adapt the system to the requirements of a particular customer is also provided for.

We have already completed introduction of the program on-line version in our two largest customers: in “VTB Bank (Armenia)” CJSC and “Unibank” CJC. And we are preparing to introduce the system in “Artsakhbank” CJSC and “Anelik Bank” CJSC.

Our company has elaborated products also in the sphere of distance banking service, in particular, “Bank-Client”, “Phone-Client, “SMS-Banking” systems.

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