Company Information

Get to know Touch Bank

Touch Bank was launched in 2015 by the European OTP Group as an online, branchless bank in Russia. Its mission was to provide modern, convenient, and fully digital banking services to a tech-savvy audience, offering products like credit and debit cards, deposits, and consumer loans through a mobile app and website. Despite initial growth, the project faced challenges in reaching profitability. In early 2018, OTP Group announced the closure of the Touch Bank project, and its existing client portfolio was subsequently integrated into the main Russian subsidiary, OTP Bank (АО «ОТП Банк»).

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Financial BankingPRIMARY
Financial Other Service
Financial Payment

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Touch Bank

N/A

Founded in

4月 2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.