2 August 2023

Eurasian Bank was recognized as the Bank of the Year in Digital Transformation by Asian Banking & Finance edition for developing the Broker 2.0 online solution, which provides the fastest approval of consumer loans in Kazakhstan.

Broker 2.0. is a solution that allows a borrower to evaluate and approve a consumer loan in retail chains ten times faster than the market average, i.e. in 4 seconds.

“The banking and financial industries are undergoing major changes due to technology and growing customer expectations. There is an expansion of cooperation between banks and fintech startups, stimulating innovation and expanding access to financial services. As a result, the banking and financial industries are becoming more inclusive, efficient and responsive to the changing needs of individuals and businesses”, Asian Banking & Finance edition reports. (Hyperlink to the press release).

“For Kazakhstani banks, the key today is integration with government services, which allows us to analyze the customer faster. We have also improved internal processes as much as possible, modified the risk model and adapted them to a minimum of borrower data – phone number and IIN. It is these factors that have allowed us to reduce approval times almost tenfold. Today we continue to expand our experience in other products,” said Lyazzat Satiyeva, Chairperson of the Management Board of Eurasian Bank.

The winners were determined by an expert jury of Asian Banking & Finance, who are also top managers of leading international companies Ernst & Young, Deloitte, PwC, KPMG Singapore, Bain & Co.

Eurasian Bank is a socially significant financial institution of Kazakhstan, the seventh in terms of assets among Kazakhstani banks. The absolute leader in auto 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 — B1 scale was confirmed on 15 June 2023 with a rating of “positive”. 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).

Asian Banking & Finance (ABF) is an industry edition dedicated to the dynamically developing financial services industry in Asia. The edition is part of Charlton Media Group, a large media company.