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bne Invest
February 16, 2019 www.intellinews.com I Page 8
government bonds and other securities listed on the Moscow Exchange, the St Petersburg Exchange and the New York Stock Exchange.
Tinkoff Bank obtained a brokerage licence in March 2018, with the first Tinkoff Investments accounts launching as early as May 2018. Prior to that from 2016, the platform operated in partnership with BCS.
In 2018, Tinkoff Investments introduced a string of significant customer-focused innovations, including around-the-clock top-up and instant cash-out, automatic online calculation of applicable taxes, and a financial news feed.
The following key services were launched in 2018:
• A robo-advisor to help customers build balanced investment portfolios in just a few clicks (July 2018). The tool has been used to put together over 320,000 portfolios;
• Tinkoff Investments Premium providing access to over 10,000 global securities (the most exten- sive catalogue in the Russian market), portfolio building tools, purchasing options and personal manager services, accessible directly via the mo- bile app (September 2018);
• Candlestick charts showing price changes for securities over fixed time intervals to help with market analysis (November 2018);
• Individual investment accounts, enabling securities transactions and providing tax benefits (November 2018);
• Tinkoff Collections, allowing Tinkoff Investments account holders to buy into thematic investment portfolios in just one click (December 2018). This service features 26 investment themes, including Technologies of the Future, Anti-Sanctions and
A Journey to Mars. More thematic securities collections are coming soon.
With no branches, the bank serves all its customers remotely via online channels and a cloud-based call centre staffed by over 10,000 employees, which makes it one of the largest in Europe. A proprietary network of 2,500 representatives across the country enables the bank to provide next-day product delivery.
The Tinkoff.ru ecosystem developed by the bank offers financial and lifestyle services. On top
of traditional banking products, it includes investments, travel, SME services, mortgage, insurance, a mobile operator, entertainment and education.
The bank was founded in 2006 by a Russian entrepreneur Oleg Tinkov. Its parent company – TCS Group Holding PLC – has been listed on the LSE since 2013. The 9M18 IFRS net income of TCS Group Holding PLC amounted to RUB19bn ($290mn), while ROE grew to 72.9%.
Tinkoff Bank is the second largest player in the Russian credit card market, with a market share of 11.4%.