Russia

Raiffeisenbank’s Center for Technological Innovation has prepared their FinTech Forecasts 2025 report, outlining what they believe will be the major FinTech developments in the Russian market over the next 4 …

Ekaterina Tolmacheva, the author of Go Mobile’s annual report on mobile banking, recently highlighted 6 major mobile banking trends expected in Russia in 2021. Biometrics – an increasing base of …

The Central Bank of Russia has announced that it is studying the need to create a national digital currency that will circulate as legal tender alongside the ruble. Although no …

Data science is a relatively new industry in Russia. And with great demand for data scientists (especially those involved with machine learning), there is a significant shortage of qualified individuals …

We live in a world where data is abundantly available and has become king. With concerns rising over use of personal data, governments were quick to pass laws (e.g. the …

Research company Mediascope has released a study on how and for what residents of large Russian cities make online payments. The study, conducted in May and June of this year, …

The COVID-19 pandemic has given Russian financial institutions the impetus to increase the implementation and use of innovative financial technologies, which will, in turn, serve to further accelerate the process …

There has been a large focus on how financial institutions are responding to the COVID-19 pandemic; however, much of that focus has been of the financial services they are offering …

Speaking at the Deloitte How Will COVID-19 Change the Banking Industry? webinar, Alexey Voylukov, vice president of the Association of Banks of Russia, outlined how 3 trends arising out of …

FinTech in Russia has not yet developed to the point to be able to adequately support Russians through a crisis like that of the COVID-19 crisis. This is highlighted by …

Compliance was once viewed solely as a tool to ensure regulatory compliance, but it has quickly become an integral element of corporate culture. Much of this change in perspective is …

Dialogue Management Partners is hosting the third annual Compliance, Internal Control and Audit in Financial Institutions conference in Moscow in late May 2020. The conference will feature a number of …

For several years, the Bank of Russia has been preparing financial institutions in Russia for a transition to a data-centric reporting model, pressing them to improve data collection and approaches …

The Bank of Russia has approved a RegTech and SupTech roadmap to ensure effective and high-tech regulation and supervision in the country. The roadmap was designed to: determine the goals …

Russia’s banking market has already proven itself to be very dynamic. But with changing regulations, new business models and new innovations coming to market, 2020 promises to be an interesting …

Digital transformation of the Russian financial sector already has a solid base. And with more and more Russians taking advantage of remote service channels and becoming connected to regular internet …

Cybersecurity as a service is part of a wider global trend toward the sharing economy model, in which consumers pay for a service over time as opposed to buy a …

The Big Data Association has announced its intention to create a sandbox for working with the anonymized personal data of association customers, including data on purchases, payment types and mobile-related …

Despite the advances brought by digitalization and the wide availability of public services in electronic formats, Russians are still forced to make in-person visits and deal with physical documents stored …

Russia’s Central Bank and Rostelecom plan on using biometric data collected by financial institutions to fill out the Unified Biometric System (EBS). EBS, designed to facilitate the delivery of banking …