MONETA Money Bank
Established in 1997, MONETA Money Bank soon became one of the largest financial institutions in the Czech Republic serving retail clientele, and clientele of small and medium-size companies with a large number of branches and ATMs. Previously GE Money Bank, it has been known as MONETA Money Bank, a.s. since 1 May, 2016. Its ambition is to grow in commercial and retail banking.
MONETA Money Bank has been a long-time client of BSC. The cooperation started in the late nineties when the bank was a new player on the financial market in the Czech Republic and so wanted to offer its customers a different solution with a competitive advantage. After the successful acquisition of Agrobank, MONETA Money Bank became one of the biggest financial institutions in the Czech Republic. This meant that MONETA Money Bank had to cope with a sudden increase of new customers and at the same time devote attention to existing customers. The aim was to be one of the first banks on the Czech market to provide customers with mobile banking and the best internet banking on the Czech market.
The mutual cooperation resulted in a significant increase in sales of products and services in the year 2000. The greatest success came when MONETA Money Bank introduced its internet and mobile banking service on the my|GEMINI platform. Within a few months the bank had acquired more than 50% of the market share of mobile banking users. Bonus features provided within the internet banking system, such as administration of credit cards and loan products, decreased the bank’s operating costs at branches and significantly improved the customer experience. By launching the management of personal finance in the internet banking environment in 2009, MONETA Money Bank cemented its reputation as an innovator on the financial services market.
MONETA Money Bank’s internet banking application on the my|GEMINI platform was awarded the Golden Crown by the financial forum as the best in the Czech Republic in 2009, 2010, 2011 and 2012.