OZ PLANET connects ANORBANK to its digital platform
On 6 December 2024 a new factor joined the OZ PLANET digital platform — ANORBANK, Uzbekistan's first digital bank. The bank's clients use its services exclusively online, and now factoring is available to them in the digital format they are used to.
The bank focuses on clients who prefer modern technology and want service at any time and from anywhere. Digital factoring makes the bank even more attractive to small and medium-sized businesses. ANORBANK's management places particular emphasis on simplicity and security. By offering factoring on OZ PLANET, the bank provides fast application processing, secure electronic document exchange and financing within 24 hours. Joining OZ PLANET will help the bank grow its client base and expand the geography of its services.
Alexander Bogdanov, CEO of OZ PLANET, comments: "Our digital platform optimizes the entire factoring process. Automated contract drafting and deal completion on the platform make factoring convenient for everyone involved. This gives banks an advantage as business goes digital. We help banks (factors) attract debtors and support suppliers as clients, automatically screen applications, collect and validate documents, and provide analytics with report export on the financing portfolio. We also keep the platform software up to date."
ANORBANK JSC is the first commercial digital bank in Uzbekistan, founded in September 2020. ANORBANK accounts for 1% of assets and loans and 2% of deposits in Uzbekistan's concentrated banking sector. The bank provides a wide range of banking services mainly online. Its only office (headquarters) is in Tashkent, and a 24/7 call center supports clients.
In 2023 the bank opened offline cash desks in its sales centers for cash operations. That same year ANORBANK took second place in the "Region" category of the HR Brand Central Asia Award.
Since its founding, the bank has focused mainly on unsecured consumer lending. It is now working to develop corporate and SME financing.
