Moscow Exchange completes development of platform for online bank deposits

Source: Moscow Exchange

Moscow Exchange is pleased to announce the completion of the development phase of its electronic platform for remote opening of deposit accounts as part of the Bank of Russia’s Marketplace project.

The platform will be made available to clients after necessary legislative amendments are passed.

In the first phase of the project, deposits with banks participating in the project will be offered. The product range of the online financial supermarket will be expanded in future to include lending, insurance and investment products.

To date 16 banks have signed a memorandum of cooperation to implement the Marketplace platform: Ak Bars Bank, Gazprombank, Derzhava Bank, Zenit Bank, Kuban Credit Bank, Otkritie Bank, Promsvyazbank, Svyaz Bank, Sovcombank, SKB Bank, Russian Agricultural Bank, Rosbank, Tinkoff Bank, Uralsib Bank, Bank Center-invest and Expobank.

The project to establish the online Marketplace was initiated by the Bank of Russia in Q1 2018.

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