NOMOS-BANK in Russia launches Figlo Platform for its premium banking customers

26 June 2012

NOMOS-BANK announced their successful launch of Figlo’s financial planning application, Figlo Platform, for its premium banking customers. With the launch, NOMOS-BANK offers a unique financial planning application to the Russian financial services market that enables their customer to prepare their own personal financial plan based on their personal objectives.

The Figlo Platform found its introduction in the Russian market in 2010 by Hakob Tumasjan, CEO Figlo Russia. NOMOS-BANK is the first bank that starts to work with the platform to support their customers with financial insight and advice. Albert van den Broek, CEO Worldwide at Figlo commented, “We are very excited about the successful launch and the agreement with NOMOS-BANK. It commits to the international expansion that Figlo is currently going through.”

NOMOS-BANK is a leading privately-owned Russian universal bank ranking 2nd largest privately-owned bank in Russia in terms of assets. They have a substantial and growing customer base. “The launch of the application takes financial planning in Russia to a new level,” says the NOMOS-BANK Vice-President, Dmitry Vechkanov. “Up to now financial planning has consisted, essentially, of ready-made plans that could not be adjusted or of complex calculations using tailor made spreadsheets. The Figlo application now offered by NOMOS-BANK is an efficient, world-class tool; enabling financial planning that takes the individual specifics of each customer into account.”

The Figlo Platform consists of a rich set of applications for providing personal financial insight and advice. To its financial industry users, the Figlo Platform offers standard applications and provides the ability for full customization. For the end user, the Figlo Platform offers easy to use applications for access on all modern user devices

By using the Figlo Platform, NOMOS-BANK can now create a comprehensive analysis of the customer’s financial situation and automatically select financial instruments that will enable achievement of his or her financial objectives (purchasing real estate, educating children, pension planning, etc.). A separate portfolio is put together for each customer objective. The portfolio may include bank deposits, shares and bonds, insurance and credit products. Once the plan has been compiled, the customer can meet with a NOMOS-BANK consultant in order to make any adjustments or track financial progress. Bank specialists recommend such meetings at least once a quarter.

The financial planning service is available at premium banking offices of NOMOS-BANK located in Moscow. The NOMOS development strategy foresees making the service available in all Russian regions where NOMOS-BANK has a branch network. NOMOS-BANK offers its premium banking services to customers holding between RUB 700,000 and RUB 5 million on deposit and with monthly income between RUB 130,000 and RUB 750,000.

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