Türk Ekonomi Bankası (TEB) has launched a new digital banking service, CEPTETEB (Turkish for “TEB in your pocket”). The new TEB mobile banking service was designed and developed by Monitise.
Available for iPhone and Android, with forthcoming updates for iPad.
TEB says the new mobile branch incorporates a slick design and enhanced feature set. The updated app experience makes even more TEB services available to the bank’s five million customers, who can now remotely access a variety of transactions via the new and improved interface.
In addition to core banking features, CEPTETEB mobile banking includes enhanced functionality such as a simplified authentication process, the ability to live-chat with customer service representatives, and a QR wallet with three functions: sending money to any mobile phone number, shopping via ‘click to buy’ e-commerce sites (instead of re-typing credit card information) and withdrawing cash from TEB ATMs without a debit or credit card. The new mobile banking experience also allows users to open a CEPTETEB account.
CEPTETEB also offers a ‘smart search’ function, powered with a recommendation algorithm to find and perform new and past transactions. Additionally, users can change their preferences including profile information, account limits, and setting default cards for international use – all from a single dashboard.
In February 2005, BNP Paribas became a partner of TEB which went public in February 2000. In the wake of its strategic partnership with the BNP Paribas, Türk Ekonomi Bankası carries its expertise in corporate, commercial and private banking over into the fields of retail banking, small business banking and SME banking. To its financial statements dated 31 December 2014, TEB is one of the major players of the Turkish Financial Services Market with asset size of TRL 63 billion and more than 10,000 employees. www.teb.com.tr
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