OREANDA-NEWS. December 04, 2014. The number of unique clients of Sberbank Business Online, the internet bank for Sberbank’s corporate clients, has exceeded 1 million.

“This is a record for Russian corporate internet banks,” commented Mikhail Malakhov, Managing Director, Director of Sberbank’s Remote Service Development Division. “Almost every fourth Russian company has chosen Sberbank Business Online to carry out financial operations. It’s also noteworthy that none of the users have suffered from fraudulent activity since the internet bank was launched.”

The millionth user of Sberbank Business Online was a farmer from Yaroslavl, whose main area of business is breeding cattle for the production of raw milk. Sberbank organised an award ceremony at which the client was given a gift.

Sberbank Business Online is a remote banking system that via a web browser allows users to prepare and send payment documents, receive information about the movement of funds across accounts, exchange consolidated messages with Sberbank employees, and send service and product requests to the bank. For the convenience of clients, the system and document signing process are secured in different ways – using tokens and SMS.

To connect to the system all a client has to do is make one* visit to the bank and submit the necessary documents. No special software needs to be installed to use the internet bank.

Sberbank is actively developing its Sberbank Business Online mobile application, which provides round-the-clock access to accounts, payment functions, including tax payments, and can even be used if the client is temporarily lacking internet access.

* - For clients who select SMS as the system security and document signing method.