VTB launches digital business ecosystem

Friday 22 October 2021 11:27 CET | News

Russia-based VTB has launched an ecosystem of digital products and online services for doing business with foreign partners on a turnkey basis.

The ecosystem can be used as part of the new VTB Business Internet Bank for free, without restrictions, additional settings, and connections.

VTB's foreign economic activity (FEA) ecosystem is a personal account for international business participants, with access to the new VTB Business Internet bank. It has built-in classic products and services - currency control, international settlements, and real-time quotes. Furthermore, in the FEA ecosystem, new digital solutions are available to clients, such as the examination of international contracts, monitoring of FEA events, customs services, and others.

The solution is based on the company's international contracts. The interface of the personal account allows customers to create a transaction card for a contract in a few clicks, upload commercial documents, as well as generate and send a payment. It also provides everything necessary for currency control, credit currency earnings, registering a contract or providing a supporting document. Most of the data is filled in automatically, using a system of ‘smart fields’ and prompts helps to avoid errors. All information on transactions is available to entrepreneurs around the clock.

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Keywords: digital banking, online banking, settlement, cross-border payments
Categories: Banking & Fintech | Online & Mobile Banking
Countries: Russian Federation
This article is part of category

Banking & Fintech

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