Banking and Financial Network

What Banking and Financial Network does

Banking and Financial Network (BFT, legal name ЗАО «Банковско-финансовая телесеть») is a private Belarusian ICT and telecommunications service provider headquartered in Minsk at Kalvarskaya Street 7, with regional access nodes across the country. Founded in 2007 and operating for 20+ years, BFT is positioned as a basic service provider of the payment system of the Republic of Belarus and serves banks, non-bank credit and financial organizations, government entities, and corporate clients in Belarus — reportedly more than 7,000 in total — with 24/7 service coverage across the entire national territory. The company is an enterprise B2B-only operator with no consumer offering and no channel partner or reseller network; distribution runs through a dedicated contact center (+375 17 3-111-111), direct enterprise account management ([email protected]), and presence at major Belarusian banking-IT events such as БАНКИТ and the IT-Security Conference.\n\nThe product portfolio spans four pillars. (1) Telecommunications and connectivity — dedicated high-speed data channels (64 Kbit/s to 5 Mbit/s and beyond), encrypted communication channels using certified СКЗИ, SD-WAN, and connections to specialized banking systems (РВД portal, AS MBR, SGDS, National Bank portal, AIS Raschet / ЕРИП, MSI, Credit Register). (2) Information security — full-cycle services from pre-project audit and penetration testing through to information-system design, certification, and operation; proprietary certified 'ИС ЗИ БФТ' protected infrastructure; FortiGate-based firewall rental; SIEM and DLP; stationary (СУШ) and mobile (МУШ) cryptographic encryption nodes; the 'КриптоХаб' virtual cryptographic tunnel service; a Certification Authority issuing electronic digital signatures; and a temporarily suspended ГосСУОК Registration Centre. (3) IT outsourcing — workstation maintenance, network and server administration, office printing, and ongoing LAN/VOLS servicing. (4) Data center (ЦОД) — IaaS virtual servers, colocation, attested protected data center hosting, and the new Network Monitoring observability service. Technology is anchored to a geographically distributed data center and to Belarusian-government-certified cryptographic tools, which are mandatory for regulated clients.\n\nThe revenue model is dominated by recurring monthly contracts. Five revenue streams are disclosed: subscription telecommunications and data transmission (channel-speed-based); managed information security services (encryption node support, SIEM, DLP, firewall rental, certification); subscription data-center / colocation / IaaS; managed IT outsourcing (workstation and network administration, recurring monthly fees); and one-time equipment supply and LAN/VOLS construction projects. Pricing is published via downloadable tariff documents with periodic announced increases (January 2025, January 2026, March 2026) and promotional bundles (e.g., 'Доступная безопасность' starting at 142.95 BYN/month, the 'Accelerated ЕРИП' promotion December 2026 – January 2028). A bundled 'Финансовый' package combines National Bank portal, Credit Register, and Department of Financial Monitoring access. The company is privately held, with no parent, no institutional investors, and no funding rounds disclosed in the source material; СТБ ISO 9001-2015 quality management certification was reaffirmed on November 17, 2025, and BFT was named Information Security Services Provider No. 1 in the TOP BRAND 2026 award.

Name

Banking and Financial Network

Legal name

ЗАО «Банковско-финансовая телесеть»

Website

https://bfn.by

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

BFT (Banking and Financial Network) is a Belarus-based ICT and telecommunications service provider offering secure connectivity, information security, IT outsourcing, and data center services to the country's banking, financial, and government sectors as a basic provider of the Belarus payment system.

Ownership category

akta.pro rank

Product category

Financial Telecommunications & Information Security

NAICS

Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

akta.pro primary industry

Network Security Services (Firewall/VPN/ZTNA/SASE Integration) (BPAEAEAG)

Keywords

• Financial telecommunications services
• Banking data transmission
• Information security services
• Encrypted communication channels
• Data center colocation

Headquarters

HQ city

Minsk

HQ country

Belarus

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Telecommunications and data transmission services: Organization of dedicated communication channels, data transmission to specialized systems (ЕРИП, Credit Register, National Bank portal), VPN connections, SD-WAN, and network administration. Revenue generated through recurring monthly fees based on channel speed and type.
2. Information security services: Cryptographic encryption node services (СУШ, МУШ), SIEM, DLP, firewall rental, information system certification, and protected infrastructure hosting. Includes both one-time setup fees and recurring technical support fees.
3. Data center services (ЦОД): IaaS server infrastructure, colocation of server equipment, and protected data center services. Billed on a recurring monthly basis.
4. IT outsourcing: Technical maintenance of workstations, office printing, LAN/VOLS maintenance, and network administration services. Recurring monthly service fees.
5. Equipment supply and network construction: Design and construction of communication networks (LAN) and provision of telecommunications equipment. One-time project fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

ZAO Banking and Financial Network (БФТ) is a basic service provider of the payment system of the Republic of Belarus, delivering telecommunications, information security, IT outsourcing, and data centre services to banks, non-bank credit and financial organizations, and government entities. The company operates a geographically distributed data centre in Belarus, organizes encrypted communication channels using certified cryptographic tools (СКЗИ), connects clients to national specialized systems (ЕРИП, Credit Register, National Bank portal), and provides full-cycle information security services including audits, penetration testing, SZI design and certification. It sells its services on recurring monthly subscriptions and one-time project fees, with over 7,000 clients across Belarus.

Product overview

Banking and Financial Network (ЗАО 'Банковско-финансовая телесеть' / БФТ / BFN) is a basic service provider for the payment system of the Republic of Belarus offering an integrated portfolio of four core service lines: (1) Telecommunications and Communications — dedicated high-speed data channels, encrypted communication channels, SD-WAN, and connectivity to specialized financial systems including АИС Расчет (ЕРИП), Кредитный регистр, National Bank portal, and other state information systems; (2) Information Security — including information system audits, security system design and certification, protected infrastructure 'ИС ЗИ БФТ', firewall rental (SIEM), DLP, cryptographic encryption nodes (СКЗИ) in stationary (СУШ) and mobile (МУШ) variants, and the КриптоХаб virtual tunnel service; (3) IT Outsourcing — technical workstation maintenance, network administration, server and network equipment servicing, and office printing; and (4) Data Centre (ЦОД) — IaaS virtual servers, colocation, protected data centre, and network monitoring. The company also offers a 'Финансовый' bundled package combining NB portal, Credit Register, and DFMS services, plus a Registration Authority for ГосСУОК and a Certification Authority for digital certificates. The portfolio is organized as a unified service platform supplemented by modular add-on services addressing the banking-financial sector of Belarus.

Differentiator

Problem solved

Functional benefit

Products and services

• Organization of data transmission channels and corporate networks (Организация каналов связи и корпоративных сетей передачи данных) Organization of dedicated high-speed data transmission channels and corporate networks, including channel design and construction for enterprise clients. Targeted at banks, financial institutions, and corporate clients across Belarus.
• Encrypted communication channels (Защищенные каналы связи) Encrypted communication channels using certified cryptographic information protection tools (СКЗИ) for secure data transmission across Belarus. Designed for financial institutions and government entities requiring compliant encrypted connectivity.
• Connection to specialized financial and state information systems Connection to specialized Belarusian information systems including the National Bank portal, AIS Raschet (ЕРИП payment system), Credit Register, AS MBR, SGDS, MSI, and Department of Financial Monitoring systems. For banks and financial market participants.
• 'Financial' Service Package (Пакет «Финансовый») Bundled service package combining National Bank portal, Credit Register, and Department of Financial Monitoring system access in a single offering. Targeted at Belarusian banks and financial institutions.
• SD-WAN Network Management Software-defined wide area network management solution for centralized, secure network management across distributed enterprise locations. Targeted at multi-branch banks and corporate clients.
• Information Systems Audit (Аудит информационных систем) Pre-project survey and security level assessment of information systems, including penetration testing. For organizations requiring Belarusian regulatory compliance and security baseline assessments.

Quantifiable outcome

• 7,000+ clients served with long-term mutually beneficial cooperation
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Белорусский профессиональный союз банковских и финансовых работниковminorOthersЗАО 'Банковско-финансовая телесеть' joined the Belarusian Professional Union of Banking and Financial Workers and signed a collective agreement. The union membership provides employees with expanded social guarantees, access to cultural events, sanatorium treatment, and support in various life situations.

Scale indicators5 records

Recent moves5 records

Expansion highlights6 records

Regional players

• Positive Technologies: Russian cybersecurity vendor and service provider offering security monitoring, penetration testing, and compliance services to financial institutions. Comparable in infosec services to banks but Russian-headquartered.
• Rostelecom: Russian national telecom operator offering data transmission, secure connectivity, cloud, and information security services to banks and government. Comparable service portfolio but operates in Russia rather than Belarus.
• Informzashchita: Russian information security integrator specializing in cryptographic protection, secure networks, and compliance for financial and government clients. Closely analogous in profile but Russian-domiciled.

Direct peers

• beCloud: Belarusian state-affiliated cloud and data center operator offering IaaS, colocation, and secure hosting to government and financial sector clients. Closely comparable on data center, cloud, and regulated hosting offerings.
• Beltelecom: Belarusian national telecommunications operator providing data transmission, leased lines, and connectivity services to banks and government entities. Directly competes with BFN in the regulated telecom infrastructure segment serving Belarusian financial institutions.
• IBA Group: Belarus-rooted IT services company delivering software, infrastructure, and security solutions to banks and financial institutions across Eastern Europe. Comparable in vertical specialization and IT services for the banking sector.
• Atlant Telekom: Belarusian ISP and telecom service provider offering corporate connectivity, VPN, and managed network services. Competes for the same enterprise and SME connectivity wallet in Belarus.

Broad incumbents

• EPAM Systems: Founded in Belarus, now a global IT services and product engineering provider serving financial services among other verticals. Comparable Belarus origin and banking-sector exposure, though vastly larger and not domestically concentrated.
• Fortinet: Global vendor of network security appliances and software (including the FortiGate firewalls BFN resells/rents). Provides the underlying technology stack on which BFN's firewall and managed security offerings depend.
• Cisco Systems: Global networking and security infrastructure vendor whose equipment underpins much of BFN's corporate network, SD-WAN, and data center services. Sets the technology baseline and competitive ceiling for BFN's enterprise networking offerings.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/bfn.by
• LinkedInlinkedin.com/company/banking-and-financial-network
• Instagraminstagram.com/bfn.by

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banking and Financial Network