LOCKO-Bank became one of the twenty innovative banks in the segment SME "Most Innovative Banks" based on the results of 2019. The research was conducted by SME Banking Club, an association of small and medium-sized business banking experts. Online accounting has become an innovative product of LOCKO-Bank.
The selection of the best innovations in 2019 was carried out according to a new method: each bank itself chose one, the most significant innovation, and provided information about it to SME Banking Club. Extended indicators were considered: implementation budget, team size, timing and effect of implementation. Based on the data obtained, SME Banking Club experts selected the 20 best innovations, and the banks that implemented became the best innovative banks in the region at the end of 2019.
SME Banking Club specialists monitored new items in the banking industry, paid attention not only to innovation, but also to practicality and relevance for the banking segment of small and medium-sized businesses. Experts noted that in 2019, more than 40 financial institutions from Ukraine, the Caucasus and the CIS countries succeeded in innovating in the SME segment. Together, they have implemented more than 120 such solutions - 20% more than in 2018.
Detailed information can be found at the