Established in 1997, MONETA Money Bank soon became one of the largest financial institutions in the Czech Republic, serving retail clients and small and medium-sized 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 ‘90s when the bank was a new player on the financial market in the Czech Republic and thus wanted to offer its customers a different solution with a competitive advantage. 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 collaboration resulted in a significant increase in sales of products and services in 2000. The greatest success came when MONETA Money Bank introduced its internet and mobile banking service on the myGEMINI Digital Bank OS 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 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 myGEMINI Digital Bank OS Platform was awarded the Golden Crown by the financial forum as the best in the Czech Republic in 2009, 2010, 2011 and 2012.