Inecobank featured in the European Fintech Navigator

Money 20/20 conference, held in Amsterdam from July 3-5, 2019, hosted the world's leading financial and technological companies.

Inecobank, being one of the leading financial institutions in the region and as the only official partner of Holand Fintech company in the region, also participated in the conference.

As reported in the official press release of Inecobank, the participation in Money 20/20 was driven by two key goals. Firstly, world-leading companies like Amazon, Facebook, Alipay, WeChat, Stripe, Huawei, which today shape the technology industry trends worldwide, presented their solutions. Secondly, the Bank aimed at meeting representatives of the leading technology companies and discussing prospects of possible cooperation with them.

“In the rapidly changing world and dynamic environment, it is becoming increasingly important to extend the partnerships, thus becoming a member of the global business community. In this regard, we are happy to highlight the fact, that Inecobank was featured in the 2019 edition of "European Fintech Navigator," Holand Fintech's publication, which showcases the most advanced and successful European fintech projects. Noteworthy is the fact that this year's edition includes 202 companies from 17 European countries,” mentioned Aren Naltakyan, Development and Marketing Director of Inecobank.

During the conference, Inecobank came up with several important initiatives, the implementation of which will contribute to the development of the Armenian ICT sector and will raise the awareness of Armenia among the global technology platforms.

Inecobank is one of the leading banks in the South Caucasus region, focused on individual customers, small and middle market businesses and large corporations offering a full range of banking services including break through and innovative digital banking solutions. For over 23 years the bank has been providing unmatched convenience in Armenia serving more than 400 000 customers and over 150 000 online users.

Inecobank developed and delivered industry-leading digital banking solutions with the purpose of introducing an entirely new culture of banking services.

- In 2009 the bank digitalized and fully automated the “Point of Sale Loan” product, reducing the loan generation time from 3-4 days to a few minutes.

- In 2012, with the introduction of InecoOnline, the Bank was one of the first to provide 24/7 banking services to its customers.

- In 2014 the bank launched InecoMobile, its Mobile banking application, which is the most popular banking application in Armenia with over 100 000 users.
- In 2017, the bank was the first to introduce a fully automated consumer lending solution through its mobile and online applications, which generates consumer loans 24 hours a day, 7 days a week.

- In 2018, the bank was the first banking institution in Armenia to introduce InecoPay, the cashless payments new system.