Moscow Exchange (MOEX) has completed the development phase of its electronic platform for remote opening of deposit accounts as part of the Bank of Russia’s Marketplace project.
The online Marketplace project was initiated by the Bank of Russia in Q1 2018. The platform is not yet available to clients though, waiting for its necessary legislative amendments.
Firstly, deposits with banks participating in the project will be offered. The online financial supermarket is yet to be expanded to include lending, insurance and investment products.
16 banks have already cooperated 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.