List of Armsoft AS-Bank Customers
Yerevan, 25,
Armenia
Since 2010, our global team of researchers has been studying Armsoft AS-Bank customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased Armsoft AS-Bank for Core Banking from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using Armsoft AS-Bank for Core Banking include: Armbusinessbank Armenia, a Armenia based Banking and Financial Services organisation with 500 employees and revenues of $60.0 million, Vtb Bank Armenia, a Armenia based Banking and Financial Services organisation with 1000 employees and revenues of $40.0 million, Mellat Bank Armenia, a Armenia based Banking and Financial Services organisation with 100 employees and revenues of $10.0 million and many others.
Contact us if you need a completed and verified list of companies using Armsoft AS-Bank, including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the software purchases.
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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Armbusinessbank Armenia | Banking and Financial Services | 500 | $60M | Armenia | Armsoft | Armsoft AS-Bank | Core Banking | 2014 | n/a |
In 2014, Armbusinessbank Armenia implemented Armsoft AS-Bank, deploying Armsoft AS-Bank for core banking and payments across its branch network in Armenia. The rollout targeted consolidation of branch operations and centralized transaction settlement to unify account processing and clearing across retail and corporate channels.
Configuration emphasized vendor-listed core banking and payments capabilities, including core ledger processing, retail deposit account management, loan servicing workflows and payments processing engines. Implementation work focused on aligning product and account structures, transaction routing rules and batch settlement routines consistent with Armsoft AS-Bank functional patterns.
Operational coverage extended to the bank's branches in Armenia, where the system was used as the primary processing backbone to standardize teller operations and inter-branch settlement. Integration work concentrated on linking branch front-end systems to central processing, and on embedding transaction settlement workflows across the bank's network to reduce reconciliation variance.
Governance changes included centralization of operations and standardized workflows to support branch consolidation and consistent transaction handling. The implementation supported improved transaction settlement across the bank's network, and the Armsoft AS-Bank deployment served as the core processing platform for the bank's finance and payments operations.
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Mellat Bank Armenia | Banking and Financial Services | 100 | $10M | Armenia | Armsoft | Armsoft AS-Bank | Core Banking | 2017 | n/a |
In 2017, Mellat Bank Armenia implemented Armsoft AS-Bank. Armsoft AS-Bank was deployed as a Core Banking system to provide core banking and financial account management capabilities reported by the vendor.
The deployment concentrated on modernizing account processing and streamlining retail and corporate transaction flows, configuring deposit and account management modules, transaction posting logic, and customer account lifecycle controls consistent with core banking operations. Internet banking integration was implemented to unify online transaction routing with the core ledger and to enable end to end transaction processing between digital channels and branch systems. Configuration emphasis included account hierarchies, automated posting rules, and workflow driven transaction approvals to support day to day banking operations.
Integrations focused on internet banking channels and internal branch processing to centralize transaction clearing and reconciliation, aligning online and in person transactions with financial account management. Operational coverage targeted retail and corporate banking functions across Mellat Bank Armenia, consolidating transaction flows into a central ledger and reconciliation process. The solution architecture emphasized a centralized core with channel integrations to reduce manual handoffs and improve transaction traceability.
Governance and rollout established centralized transaction workflows, role based access controls for teller and back office functions, and updated procedures for account opening and transaction reconciliation. The implementation aimed to modernize account processing and enhance retail and corporate transaction flows as described in vendor customer listings.
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Vtb Bank Armenia | Banking and Financial Services | 1000 | $40M | Armenia | Armsoft | Armsoft AS-Bank | Core Banking | 2015 | n/a |
In 2015 Vtb Bank Armenia implemented Armsoft AS-Bank for core banking and transaction processing in Armenia. Armsoft AS-Bank is positioned within the Core Banking category to handle central ledger, transaction clearing, and customer-facing account services for the bank.
The deployment included Armsoft AS-Bank core banking modules along with internet client bank modules, configuring account management, transaction processing, and online channel workflows. Implementation work focused on operationalizing branch transactions and internet banking session flows together with consolidated finance reporting processes as reflected in vendor and public listings.
Operational coverage targeted the bank's Armenia footprint, aligning branch processing and online channels to the Armsoft AS-Bank module set. Governance emphasized central control of finance operations and staged rollout of internet/client bank capabilities to improve branch and online processing consistency.
Outcomes reported in vendor material and public sources include consolidated finance operations and improved online and branch processing, with Armsoft AS-Bank serving as the bank's core transactional platform.
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