Tinkoff Bank is Russia's only purely online bank and one of the largest online banks in the world. A relatively new entry into the sector it has built up an entire business from a single credit card offering to today's range of services. Now the bank wants to build a super app that changes the meaning of what a bank does. Forget the deposits services and consumer loans, now the focus will be on how to get the most out of spending money - be it the customer's or the banks.
And investors love it. Following the bank's IPO in London in 2013 that raised $1.1bn the share price tanked after Russia annexed the Crimea. However, by November 2017 the stock had made back all the ground lost and then some. Analysts have Tinkoff bank marked down as one of two conviction buys in the sector along with state owned retail banking giant Sberbank.
bne IntelliNews editor-in-chief Ben Aris sat down with Maxim Evdokimov, vice president of Tinkoff and head of mobile to talk about the bank's strategy going foward.
Maxim Evdokimov, vice president of Tinkoff and head of mobile
Ben Aris, bne IntelliNews editor-in-chief