The Otkrytiye bank implemented technology which simplifies financing of business

2020: Simplification of crediting of legal entities

On March 26, 2020 the Cashoff company announced integration of service of import of these legal entities from different banks for Otkrytiye bank. Using the implemented technology, Otkrytiye managed to increase the level of approval of the credits considerably.

Thanks to Cashoff technology, the bank had an opportunity in the online mode to obtain data on transaction of the acting and potential clients from all banks where their accounts are opened. According to data of bank, about 30% of clients used this technology at execution of the request for the credit.

The joint project of bank and financial technical-company is designed to accelerate significantly development of the systems of remote banking for legal entities, and is logical continuation of a rate of bank.

Implementation of this technology – the next step of Otkrytiye bank in Open Banking paradigm. Now we can offer clients qualitatively other service layer using financial innovations, including more available financing and convenience of technology of multibanking,

When developing this service, we aimed to be focused on improvement of business indicators of bank and client experience. Our task consists in providing Otkrytiye bank with data for scoring and, as a result, a flow of clients, commented on the first project deliverables Mikhail Medvedev, the CEO of Cashoff