APEX BANK joins the OZ PLANET digital platform
On 21 October 2024 a new factor joined the OZ PLANET digital platform — APEX BANK. We are glad that our platform's clients have more factoring financing options and can receive even more offers from financial institutions.
APEX BANK provides its clients with high-tech services and adopts innovative technologies promptly. The bank's priority is the financial security of its clients. With factoring developing rapidly in Uzbekistan, the bank's management chose digital factoring to make this tool convenient for clients. In client service, the bank puts speed, convenience and reliability first. Classic factoring takes time to review documents and sign agreements, which is especially inconvenient when the debtor, supplier and factor are geographically distant. That is why APEX BANK joined the OZ PLANET platform, which provides convenience and speed of factoring operations by bringing all participants together in a "single window", as well as reliability through secure electronic document exchange with e-signatures.
Alexander Bogdanov, director of OZ PLANET, comments: "The special attention to factoring is due to the President's Decree of 12.08.2024. The development of Uzbekistan's economy requires the growth of small and medium-sized businesses. Great hopes are placed on factoring, as this financial tool has proven effective in many countries. For suppliers, factoring helps reduce cash gaps, lower the risk of non-payment, expand the customer base and get a steady flow of financing. For debtors, factoring allows them to increase supply volumes, work on comfortable payment terms, expand their product range by attracting new suppliers and manage free cash flow. Factor banks will expand their product lines, attract new clients and contribute to the country's economic development. With the OZ PLANET digital platform, every party gets even more benefits — first of all, by reducing travel costs and staff time."
APEX BANK JSC is a modern, technology-driven bank that entered the Uzbek market only recently, receiving its banking license in March 2023. Its services combine high-quality service with innovative technology. APEX BANK was one of the first in Uzbekistan to implement the Oracle FlexCube core banking system. The bank currently operates in Tashkent and is preparing for regional expansion. It aims to integrate all products and services into digital channels so that clients can solve their tasks online without visiting a branch. The premium segment is an important focus, and the bank has opened a separate branch for VIP clients. Apex Bank's corporate culture is built on four core values: honesty, transparency, reliability and teamwork.
