Today, Inecobank has announced about a new initiative to support the startup sector in Armenia. The bank is supporting “Sevan Startup Summit 2019” project and is the sponsor of the “Big Battle” nomination.

Taking part in “Sevan Startup Summit 2019” and being a sponsor, the bank aims to promote the establishment and development of innovative technology-driven ideas in Armenia.

“Inecobank highly appreciates the organization of such IT events in Armenia, that further the economic growth through the development of IT industry in the country and promotion of business processes. Today, sponsoring the “Sevan Startup Summit 2019” annual conference and being the sponsor of the “Big Battle” nomination, the Bank contributes to the development of newly established structures involved in innovative technologies, providing a platform for cooperation and growth and supports further improved implementation of best ideas and solutions,” said Aren Nalthakyan, the Marketing and Development Director of Inecobank.

The Seaside Startup Summit CEO, Vahagn Rapyan, stated. “Sevan Startup Summit has become the most awaited regional startup event. Each year we are trying to involve more beneficiaries. We are happy to announce about our partnership with Inecobank and hope to enjoy continuous cooperation with them”.

“Sevan Startup Summit” is organized since 2016 and is aimed at creating new ways of cooperation between start ups and investors. This year about 1000 startups, more than 200 programmers have applied for participation in the summit, and around 100 mentors and business experts have been invited from all around the world.

“Sevan Startup Summit 2019” will be held from July 28 to August 3 in the Sevan National Park.

Inecobank is one of the leading banks in the South Caucasus region, focused on individual customers, small and middle market businesses and large corporations offering a full range of banking services including break through and innovative digital banking solutions. For over 23 years the bank has been providing unmatched convenience in Armenia serving more than 500 000 customers and over 200 000 online users.

Inecobank developed and delivered industry-leading digital banking solutions with the purpose of introducing an entirely new culture of banking services.

- In 2009 the bank digitalized and fully automated the “Point of Sale Loan” product, reducing the loan generation time from 3-4 days to a few minutes.

- In 2012, with the introduction of InecoOnline, the Bank was one of the first to provide 24/7 banking services to its customers.

- In 2014 the bank launched InecoMobile, its Mobile banking application, which is the most popular banking application in Armenia with over 100 000 users.

- In 2017, the bank was the first to introduce a fully automated consumer lending solution through its mobile and online applications, which generates consumer loans 24 hours a day, 7 days a week.

- In 2018, the bank was the first banking institution in Armenia to introduce InecoPay, the cashless payments new system.