MKB: API for partners

2020: Start of API

On February 13, 2020 the Moscow Credit Bank (MCB) announced start of API for optimization of interaction between bank and partners within the program for customer acquisition of SME. Thanks to an innovation information from partners comes to bank quicker, as a result the credit institution has an opportunity more quickly to open accounts to the companies and entrepreneurs. At the same time partners spend significantly less time for data entry.

The partners of bank who signed the agency agreement can transmit through API in bank data of clients (the Full Name, a TIN and so forth) and also a packet of documents, necessary for opening of a checking account.

In the financial sphere there is digital revolution in recent years. MKB resides in this process, we improve remote channels of partner interaction and clients. Use of API allows to accelerate process of communication of three parties significantly: the bank expands distribution channels, quickly obtains data on the client; the partner does not spend excess time for data entry; the client for whom the account is opened gets access to it even quicker, told Alexander Zuev, the Vice president for strategy, development of sales and products MKB

Any legal entity or individual entrepreneur who signed the agency agreement can become the partner of bank. Future partner will need to fill out the questionnaire and to send it to bank.

MKB started the affiliate program on customer acquisition of SME in 2019. More than 500 companies during this time became partners of bank.