Touch Bank's Annual Results in 2015

Press Release ( - MOSCOW, Russian Federation - Jan 18, 2016 - Designed as an international project, in future, Touch Bank intends to complement the traditional banking model across the regions where OTP Group operates. The Russian market was chosen as an entry point for this bank focused on digital technology, remote banking channels, and remote sales. Russia can boast a number of successful digital banking start-ups, which indicates a high demand for innovation and technological development in the retail banking sector.

Touch Bank places its bets on innovative high-tech solutions which shape global banking these days. The Bank’s partners include some of the world’s leading developers, such as Backbase, IBM, FICO, Tieto, Salesforce, and Orange.

A Touch Bank card is an integrated banking product, providing a customer by default with access to their current and savings accounts. Subject to the Bank’s approval, a credit line on the card and a revolving personal loan can also be granted. These products form the core of the Bank’s financial services package in 2015.

Smartphone applications developed for iOS and Android enable prompt transactions via the mobile bank. In the online bank, customers can open current and deposit accounts, make payments and transfers around-the-clock, 24/7, and set spend limits on the card.

In addition to a rouble account, Touch Bank’s customers may open accounts in three foreign currencies: euros, US dollars and British pounds.

The “Card in a Card” service helps make the most of other banks’offers, providing a convenient and intuitive tool for managing funds on credit, debit, salary and bonus cards issued by third-party banks via a Touch Bank card.

Andrei Kozliar, Touch Bank’s CEO, said: “We are proud of what we have accomplished over a short period of time: our brand has a positive image in the market, and the high demand for our services is reflected in a stable growth of our customer base, deposit volumes, and a growing interest in our credit products. Next year, we will continue focusing on customer service, and our customers will be pleasantly surprised with our banking innovations.”

Source : Touch Bank
Business Info :
Touch Bank

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