ALMATY, 1 June 2023

The authoritative Global Finance international magazine has named the Top Financial Innovations as part of the Innovators Award for 2023.

Eurasian Bank was awarded the Top Innovator in Consumer Finance for the Broker 2.0 Project. — a solution in which the approval of a consumer loan takes place in 4 seconds (on average, it takes 30-40 seconds in the market).

“Technological advancement and the adoption of industry standards have opened the door wide to innovation. The most innovative banks and fintech companies become customer favorites,” said Mr. Joseph Giarraputo, publisher and editorial director of Global Finance. “We proudly recognize those innovation leaders advancing finance in the 21st Century.”

This is Global Finance’s eleventh annual awards program recognizing entities that regularly identify new paths and design new tools in finance.

“The Eurasian Bank’s course on digitalization resulted in a record time of approval of a consumer loan – 4 seconds. The solution has exceeded all expectations and is already being scaled to other products of the Bank. We are especially pleased that our achievement has been highly professionally evaluated by the authoritative Global Finance financial magazine,” commented Ms. Lyazzat Satiyeva, CEO of Eurasian Bank.

“The result in 4 seconds was achieved due to a set of solutions – integration with government services, licensing of the Bank as a certification center, optimization of requests and code, changing the risk model in the decision-making system, as well as adapting the customer path to two indicators – the customer’s phone number and IIN. The task was ambitious, and our team accepted this challenge with great enthusiasm,” added Mr. Dias Sharipzhanov, Digital and Partner Sales Executive Director.

The winners were determined by the editorial board of Global Finance with the input of reporters who are experts in the fields represented by innovations. A report on the winners of 2023 will be published in the June print and digital editions of Global Finance, as well as on GFMag.com.

Eurasian Bank is a socially significant financial institution of Kazakhstan, the sixth in terms of assets among Kazakhstani banks. The absolute leader in car loans, is among the top 3 banks in consumer lending, holds leading positions in retail, provides a wide range of services to corporate customers and entrepreneurs. The forecast of the Bank rating on the Moody’s scale — B2 was confirmed on 15 December 2022 with a “positive” rating. The Bank belongs to the ecosystem of the ERG Group (one of the largest companies in the world in the field of mining and processing of mineral resources).

Global Finance magazine has been published in the USA since 1987. Over 50 thousand copies of the magazine are distributed in 192 countries, the main audience includes senior corporate and financial officers responsible for making investment and strategic decisions at international companies and banks.