TCS to Present its Innovation at FinovateFall
Tinkoff Credit Systems, Russia's leading provider of online financial services (“TCS”), has entered the list of fintech companies to present their innovations at the FinovateFall conference to be held in New York on 10-11 September.
«We are thrilled to have Tinkoff Credit Systems presenting at FinovateFall 2013. TCS is an incredible success story in Russia due to its innovative approach and it is an honour to have the company debuting with its next big idea at our conference», says Eric Mattson, CEO of The Finovate Group.
Oliver Hughes, CEO of Tinkoff Credit Systems, will take the stage to demo TCS's latest innovation to more than 1,000 financial executives, venture capitalists, press, industry analysts and entrepreneurs.
«We will demonstrate another TCS innovation, which gives us the possibility to deliver credit cards anywhere in Russia without having any offline infrastructure», says Oliver Hughes.
«This fall, the application process to select the innovations for the conference was particularly competitive. While that makes for hard choices for our selection committee, it also lays the foundation for another amazing FinovateFall filled with cutting-edge fintech innovation», Eric Mattson commented.
FinovateFall is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in NYC, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate, and unique format. FinovateFall is organized by The Finovate Group.
FinovateFall 2013 will feature demo-only format with over 60 companies receiving just seven minutes on stage to demo their latest innovations to the entire audience.
About bank
Tinkoff Credit Systems was founded by Oleg Tinkov, a renowned Russian entrepreneur in 2006. He was later joined by financial investors, Goldman Sachs (2007), Vostok Nafta (2008), Baring Vostok (2012) and Horizon Capital (2012).
TCS is Russia's leading provider of online financial services. In April 2011, the Bank issued its first million credit cards in April 2012 - its second million and in January 2013 - third million. According to Central Bank statistics, on 1 March 2013, the Bank took 3rd place in terms of its non-delinquent credit card portfolio (RUB53.2 billion or over $1.7 billion), with a market share of 7.4%. Net profit to IFRS in 2012 amounted to $122 million. Tinkoff Credit Systems employs 5900 people.