JTC is among the largest suppliers of import-independent IT solutions for the financial sector. The company develops platforms, remote banking systems, and personal account solutions for the banking industry. The market map has been prepared by analysts from Сnews, the leading publication in high technology in Russia and the CIS. This research provides insights into the quantitative and qualitative composition of market players across various segments.
The Russian financial market ranks among the global leaders in digitalization. Despite isolation, geopolitical risks, and a focus on accelerated import substitution, banks continue to evolve in line with global technological trends. All market participants are engaged in these processes, enhancing their competencies and expertise while offering IT solutions that meet current demands. Approximately 70 system providers are listed in the category of "Platforms, Banking Automation Systems, Remote Banking, Reporting, Back Office, and Accounting," indicating the market's maturity.
Import substitution has prompted several banks not only to transition to domestic solutions but also to completely rethink their architecture. "We are seeing a demand for migration from monolithic to microservices-based systems. Many banks are restructuring their business models and product lines, actively investing attention and resources into these projects," comments Sergei Zhukov, CEO of JTC. The rapid growth of entrepreneurship in the country makes small and medium-sized businesses one of the most attractive segments for banks. Business leaders are applying their personal experiences from banking services to their companies and are demanding a new level of service, digitalization, and speed from banks. An increasing number of services for this client category are being digitized, with significant attention given to interface design and customer experience quality. Bank guarantees, factoring, and leasing are emerging as new growth points. There is a growing demand for connectors to government information systems and infrastructure for the Digital Profile of legal entities.
"Our forward-looking product, Salto.Avanti—a remote banking system for businesses—remains a focal point for medium-sized banks and large regional players due to its rich functionality, service lineup, and a unified code base for web and mobile versions. One of the system's features is separate modules for deploying a centralized treasury system," notes Sergei Zhukov. Import substitution provides a positive impetus for industry development. More market players are gradually following the example set by leaders and major players, raising industry standards and the baseline for digitalization. Participation in projects of this scale allows IT companies to realize their potential, acquire new competencies, and export their solutions to new markets.
JTC is a technological partner and supplier of IT solutions for banks, built on the microservices platform Salto and under custom development terms. The company is an expert in building banking ecosystems and automating business processes. JTC has been executing projects since 2007 and consistently ranks among the top 50 suppliers of IT solutions for the financial sector. It is a resident of Skolkovo, and its solutions are included in the registry of domestic software. The company's key expertise lies in developing and implementing high-load systems, advancing microservices architecture, and providing rapid development tools. The team has successfully completed dozens of migration projects from monolithic architectures to microservices.
The Russian financial market ranks among the global leaders in digitalization. Despite isolation, geopolitical risks, and a focus on accelerated import substitution, banks continue to evolve in line with global technological trends. All market participants are engaged in these processes, enhancing their competencies and expertise while offering IT solutions that meet current demands. Approximately 70 system providers are listed in the category of "Platforms, Banking Automation Systems, Remote Banking, Reporting, Back Office, and Accounting," indicating the market's maturity.
Import substitution has prompted several banks not only to transition to domestic solutions but also to completely rethink their architecture. "We are seeing a demand for migration from monolithic to microservices-based systems. Many banks are restructuring their business models and product lines, actively investing attention and resources into these projects," comments Sergei Zhukov, CEO of JTC. The rapid growth of entrepreneurship in the country makes small and medium-sized businesses one of the most attractive segments for banks. Business leaders are applying their personal experiences from banking services to their companies and are demanding a new level of service, digitalization, and speed from banks. An increasing number of services for this client category are being digitized, with significant attention given to interface design and customer experience quality. Bank guarantees, factoring, and leasing are emerging as new growth points. There is a growing demand for connectors to government information systems and infrastructure for the Digital Profile of legal entities.
"Our forward-looking product, Salto.Avanti—a remote banking system for businesses—remains a focal point for medium-sized banks and large regional players due to its rich functionality, service lineup, and a unified code base for web and mobile versions. One of the system's features is separate modules for deploying a centralized treasury system," notes Sergei Zhukov. Import substitution provides a positive impetus for industry development. More market players are gradually following the example set by leaders and major players, raising industry standards and the baseline for digitalization. Participation in projects of this scale allows IT companies to realize their potential, acquire new competencies, and export their solutions to new markets.
JTC is a technological partner and supplier of IT solutions for banks, built on the microservices platform Salto and under custom development terms. The company is an expert in building banking ecosystems and automating business processes. JTC has been executing projects since 2007 and consistently ranks among the top 50 suppliers of IT solutions for the financial sector. It is a resident of Skolkovo, and its solutions are included in the registry of domestic software. The company's key expertise lies in developing and implementing high-load systems, advancing microservices architecture, and providing rapid development tools. The team has successfully completed dozens of migration projects from monolithic architectures to microservices.
