Factoring in a few clicks: Davr Bank simplifies financing for business
On 31 October 2024 Davr Bank and OZ PLANET signed an agreement allowing companies in Uzbekistan to receive factoring financing from the bank remotely. The entire process of concluding a factoring deal will take place in a "single window" format on the OZ Planet digital platform.
By joining OZ PLANET, Davr Bank has taken a new step toward efficient, modern client service. The bank can now offer clients fast and convenient online financing in all regions of Uzbekistan. This will make the bank more attractive, help cut the cost of reviewing applications and support the bank's business plan.
Integration with the platform was easy: the bank did not need to install any additional software, and staff continued working in familiar interfaces. Going forward, bank employees will not be distracted by client questions during factoring deals, as OZ PLANET takes over client support entirely.
OZ PLANET developed a factoring training course and delivered it to the bank's staff. The bank's management highly appreciated this work and the staff's professional readiness to offer the new financial service.
Alexander Bogdanov, director of OZ PLANET, comments: "Our platform offers a convenient and fast way to apply for factoring and receive financing. There is no longer any need to spend time searching for good offers and meeting bank representatives. You can apply online to any bank connected to the platform without leaving your workplace, then sign the documents online and receive financing to your settlement account. We offer automated data and document exchange between participants' accounting systems, eliminating manual data processing. At the same time, we guarantee the reliability and protection of personal data."
Davr Bank was founded in 2001 and has an extensive network of more than 30 branches in Uzbekistan.
The bank offers a wide range of banking products for individuals and businesses — accounts, currency operations, loans, deposits and cards.
Davr Bank is included in the register of banks participating in the mandatory deposit insurance system and is a professional participant in the securities market. It pays special attention to its code of corporate ethics. The bank strives to become a benchmark of transparency, stability and reliability by providing high-quality services, and aims for a strong market position as a universal and stable financial institution with a developed branch network and a balanced range of products and services.
