Home News & events Press Releases 2013 Nadra Bank invests in IT development


 Nadra Bank invests in IT development

nadra bankNadra Bank has signed an agreement with Compass Plus, an international provider of electronic payments and retail banking software to processors and financial institutions, which will allow the bank to significantly enhance the functionality of its Internet banking solution, as well as launch new products and services to the market.

One of Nadra Bank’s key projects is the development of remote customer services. To enable this, the bank has already implemented Internet banking for individual customers built on TranzWare Internet Banking from Compass Plus. “The implementation of new payment tools for the bank’s customers will allow the fast and secure management of personal finances, with customers able to access and manage their accounts 24/7 – 365 days a year. This functionality will enable Nadra Bank customers to make online payments to friends, relatives, etc., provide access to their savings and deposit accounts, and give them round-the-clock monitoring of the account’s use by family members and others authorized to do so,” said Sergey Kozlov, director of the Nadra Bank’s retail department. “In addition, customers will have access to their funds by means of a payment card and the ability to manage limits.” The system is currently undergoing pilot tests before it becomes available to all Nadra Bank customers.

The bank has also prioritized the certification of an EMV bank card issuance program, including the certification of contactless interfaces for Visa payWave and Mastercard PayPass cards. The bank has already signed an agreement with a university in Kiev to implement a project based on Nadra Bank contactless cards which will combine financial services with university services.

About Nadra Bank:

Nadra Bank was established on 26 October 1993. Today Nadra Bank is a full-service commercial bank and is one of the largest  in Ukraine. Nadra Bank is a member of the Deposit insurance fund. Ranked fifth in Ukraine, Nadra Bank has a network of 543 branches and 1,100 ATMs in 290 cities and towns. Nadra Bank’s principal shareholder is Centragas Holding AG – the structure affiliated with Dmitriy Firtash’s group of companies ‘Group DF’.



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