Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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TCS Group Holding PLC (TCS)

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Thursday 12 October, 2017

TCS Group Holding PLC

TCS Group Holding PLC acquires a majority stake...

TCS Group Holding PLC (TCS)
TCS Group Holding PLC: TCS Group Holding PLC acquires a majority stake in CloudPayments

12-Oct-2017 / 19:06 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


TCS Group Holding PLC acquires a majority stake in CloudPayments

 

Moscow, Russia - 12 October 2017. TCS Group Holding PLC (TCSGH), Russia's leading provider of online retail financial services via its Tinkoff.ru financial supermarket, is pleased to announce the purchase of a 55% controlling stake in CloudPayments, an innovative developer of online payment solutions. The signing ceremony took place today and we warmly welcome our new colleagues in CloudPayments into Tinkoff Group.

 

The remaining 45% stake will continue to be owned by CloudPayments' founders and employees, who are firmly committed to the company and will remain to develop the business into the future. TCSGH has the right to acquire the remaining 45% within two years.

 

The core business of CloudPayments is online merchant acquiring in Russia. However, this transaction also includes all CloudPayments group companies, i.e. its operations in Kazakhstan and Latvia, as well as the online cash register solution for online stores, CloudKassir. 

 

CloudPayments will continue to be led by its co-founders, Dmitry Spiridonov and Konstantin Yan, with all employees remaining with the business. Selected Tinkoff Bank managers will join CloudPayments' executive board in order to strengthen its team. It is not envisaged that this transaction will entail any changes for CloudPayments' existing customers or partners.

 

Together with Tinkoff Group, CloudPayments will further develop its leading technology and servicing platforms whilst leveraging Tinkoff's wider suite of services, technologies and resources to drive growth. The deal will enable Tinkoff Group to enhance its merchant acquiring business line as part of its growing SME offering.  

 

Oleg Tinkov, the founder of Tinkoff Group, said: "We closely monitor the market and are always willing to invest in up-and-coming businesses. We are pleased to acquire this controlling stake in one of the leading players in the Russian online payments market. CloudPayments is developing at a fast pace, and they have managed to secure a market niche in just three years. We are now joining efforts and resources with one of the most talented teams in the market. This will enable us to further increase our market share in the online payments segment whilst significantly improving our services for SME customers."

 

Oliver Hughes, CEO of Tinkoff Bank, commented: "This acquisition is in line with our strategy to enhance our merchant acquiring services as part of our expanding SME platform and will allow us to increase our presence in the online merchant acquiring market. We are pleased to now be working together with the CloudPayments team and will provide all the necessary resources and technology to expand the business further for the combined benefit of our customers and partners."

 

Dmitry Spiridonov, co-founder of CloudPayments, said: "We are delighted to become part of Tinkoff Group, the market's most tech-savvy player. I believe that the upgrade of payment services and the implementation of innovative technologies that support business diversification are the key technological and market trends now. Together with Tinkoff Bank, we will be able to accelerate our infrastructure upgrade process and, consequently, boost our flexibility in leveraging the variety of global payment technologies emerging today."

 

For enquiries:

Tinkoff Bank

 Darya Ermolina
Head of PR

 + 7 495 648-10-00 (ext. 2009)

 [email protected]

 

Rufiya Arslanova
PR Manager

+ 7 495 648-10-00 (ext. 2811)

[email protected]

 

 

 

FTI Consulting London

Elena Kalinskaya/Leonid Fink

+44 (0) 020 3727 1000

 

 

   
       

About the Group

TCS Group Holding PLC is an innovative provider of online retail financial services operating in Russia through a high-tech branchless platform. TCS Group includes Tinkoff Bank, mobile virtual operator network Tinkoff Mobile, Tinkoff Insurance, and Tinkoff Software DC, a network of development hubs across Russia.

The Group was founded in 2006 by the Russian entrepreneur Oleg Tinkov and has been listed on the London Stock Exchange since October 2013.

With no retail branches, the Group serves its customers remotely via online channels and its call centre, and operates a network of over 1,800 representatives to ensure smooth delivery of its products. The network covers all of Russia and allows next day delivery to most customers.

The Group's key business is Tinkoff Bank, Russia's first and only direct bank offering both own brand and partner retail financial services via its Tinkoff.ru platform. The product range includes daily banking (credit and debit cards, payments, money transfers), savings, investments, loyalty programmes, travel services, SME services, mortgage platform, and insurance. With its special focus on mobile business, the bank offers mobile applications both for its customer base (Mobile Bank) and beyond it (Traffic Fines, MoneyTalk, Card 2 Card instant money transfers).

As at 1 August 2017, the bank was the second largest player in the Russian credit card market, with a market share of 11.5%. The 1H 2017 IFRS net income of TCS Group Holding PLC amounted to RUB 7.6 bn, ROE stood at 46%.

Banki.ru, Russia's largest financial news portal, named Tinkoff Bank the Bank of the Year 2016. In October 2016 Tinkoff Bank was named the largest independent global direct bank by Frost & Sullivan. In 2015 and 2016, the Global Finance magazine named Tinkoff Bank as the Best Consumer Digital Bank in Russia. In 2016, the bank also won Global Finance's Best Integrated Consumer Bank Site award and was named the Best Digital Bank in the CEE by Euromoney. The bank's mobile application was recognised as the best in Russia by Markswebb Rank & Report for three consecutive years in 2014, 2015 and 2016, and by Deloitte for four consecutive years from 2013 to 2016.

 



ISIN: US87238U2033
Category Code: MSCM
TIDM: TCS
LEI Code: 549300XQRN9MR54V1W18
Sequence No.: 4735

 
End of Announcement EQS News Service

618657  12-Oct-2017 

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