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'Banks and FinTech are friends not enemies' - Boris Batin ID Finance CEO

Warsaw, Poland – Boris Batin, CEO and co-founder of an international digital finance company ID Finance, participated in the Wolves Summit 2016 in Warsaw. The company has been selected among the 300 best start-ups and Boris was given the opportunity to present on the stage.

Mr. Batin presented the company and its main assets in a speech at the conference. As well as in Poland where the summit was held, ID Finance is digitalising consumer lending in Spain, Kazakhstan, Russia and Georgia. Its R&D centre is based in Belarus. Boris detailed ID Finance’s competitive advantages, such as its efficient IT platform, core expertise in risk management, and high CLV and scalability. The company uses proprietary scoring model, and localises its products to ensure they are optimal for the target market. Thanks to its unique approach, ID Finance’s portfolio has grown on average 15% every month since inception. Its scalable technology has made it possible to launch services in a country in just 3 months.

MoneyMan is one of ID Finance’s principal assets. It is an online lending company that helps people to solve their short-term cash flow needs by providing a fully automated loan service, which operates 24/7. It uses a cost efficient model, aimed at top market positions and already has more than 1,600,000 registered users.

Another company owned by ID Finance is their service AmmoPay, the first automated POS-lending service of its kind. This mobile-first solution is aimed at retail: It allows buyers access to finance by using their mobile devices at the point of sale, allowing them to purchase everyday goods, and pay in installments.

The company had a branded stall at the conference, which proved to be very popular among the visitors. The company's specialists showed how MoneyMan works, using the Polish website as an example, outlining the online business model advantages, as well as answering a number questions from the event participants.

"'Banks and FinTech are friends not enemies' - Boris Batin ID Finance CEO"

ID Finance CEO also stated:

"The Wolves Summit helps us not only to keep abreast of fintech, but also to find partners and investors. We were pleased to pitch the company at such a major and useful event. The main aim of ID Finance is to create a unique customer service system in all the countries where we are present. Besides, we try to connect borrowers and investors, offering high yield thanks to stable cash flow. By making Moneyman a symbol of high-quality credit services in Europe, we make ID Finance an increasingly attractive investment asset."

The Wolves Summit 2016 is the third edition of the biggest international networking event in Central and Eastern Europe. It provides a meeting place for investors, corporations and promising startups. More details are available online at Wolves Summit.

ID Finance Twitter Acount: @IDFinance_com

For more information, please contact:
Dmitry Gorokh
Telephone number: +7 495 666 2125 ext. 225
E-mail: pr@idfinance.com

This press release was distributed by ResponseSource Press Release Wire on behalf of ID Finance in the following categories: Consumer Technology, Personal Finance, Business & Finance, for more information visit http://pressreleasewire.responsesource.com/about.