Halyk Bank, a financial provider based in Kazakhstan, has launched its new digital banking unit known as Altyn-i.

The online and mobile banking subsidiary, powered by Backbase, will initially offer account opening, debit cards, deposits and payment services.

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It also plans to offer consumer loans, mortgages, as well as well credit cards later on.

Altyn Bank CEO Askar Smagulov said: "Thanks to our new technology and structure, we now have the ability to react quickly to customer demand, so we’re excited to launch Altyn-i today to allow our clients to progress with online banking, and keep on top of their finances wherever they are, and at all times."

Backbase CEO Jouk Pleiter said: "Altyn Bank is taking full advantage of the potential of online and mobile channels, and working with a bank that shares our vision for digital transformation is incredibly exciting."

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