VTB Launches Digital Platform for Medium and Small Businesses

The VTB Business Platform is a digital ecosystem available to clients in the online bank and mobile application. It features the best offers developed by the combined VTB and Otkritie team: a line of five current account packages, tools and services for accepting payments, loans and deposits with online processing, a foreign trade ecosystem, and other banking and non-banking products.

“The task of the VTB Business Platform is to meet the needs of entrepreneurs for modern, intuitive digital tools for business. This is another step in the implementation of VTB's strategy to support medium and small businesses. With the help of the bank's solutions, entrepreneurs and companies will be able to save time and money on routine tasks and achieve their business goals faster. During the integration with Otkritie Bank, we are expanding the existing offer for business and planning its further development, taking into account the needs of clients of both banks,” noted Spartak Solonin, Head of the Corporate Digital Business Department - Senior Vice President of VTB.

“During the integration of the banks, it is important for us to create the most comfortable conditions for business. To do this, the VTB and Otkritie teams have implemented a completely seamless customer journey. After the transition to the VTB Business Platform, Otkritie Bank clients will not only continue to use the familiar Otkritie services, the best of which are presented in a single digital ecosystem, but will also gain access to new products and services from the VTB Group,” commented Svetlana Syrtsova, Head of the SME Block at Otkritie Bank.

One of the important advantages of the platform is its convenience and technological effectiveness. Clients can switch between the online bank and the mobile application without re-authorization, customize menus and interfaces to suit their needs and habits, receive detailed reports and analytics on transactions, and use calculators and tips to select the most suitable and profitable products.

A completely digital path has been implemented for VTB and Otkritie clients to transition to the new platform. Otkritie clients will receive invitations to migrate in their online bank. After accepting the terms of service on the new Business Platform online without visiting a branch, they will be opened new accounts with VTB, while templates, settings and products will be transferred to the new VTB Business Platform. Access to the transaction history in the Otkritie online bank and mobile application will be retained in view-only mode for 180 days from the date of opening an account with VTB.