Last week Sberbank, the national savings bank, launched a pilot program which could see cash delivered by drone, reports The Moscow Times. The first drone-assisted delivery took place on Thursday, said Lev Khasis, the first deputy chairman of the bank’s board. Announcing the program in May, CEO German Gref warned that “a lot of questions” still …
Chronopay, a major online payment provider operating in Russia from its Amsterdam headquarters, is including bitcoin to its payment gateway. Its clients will thus be able to accept the popular cryptocurrency. Chronopay founder Pavel Vrublevsky, a controversial figure, had sharply criticized Bitcoin in the past. He has changed his point of view radically: “Having thoroughly studied the …
Chronopay to support Bitcoin and Blockchain “revolution” Read More
On June 22, Saint Petersburg will host the international Blockchain & Bitcoin Conference as part of a series of events held in Russia, Ukraine, Estonia, the Czech Republic and Sweden. Blockchain in banking and digital currencies legislative regulation will be among the main topics covered at the event, with industry experts and executives, entrepreneurs, startups …
Blockchain and banking discussed in Saint Petersburg (June 22) Read More
In late April the finale of GenerationS, a major corporate-oriented accelerator program, took place at the Stadium Live concert hall in Moscow. Three winners shared 15 million rubles (some $263,000 at the current exchange rate) in prizes while 19 other teams received prizes worth over 100 million rubles (1.75 million) from the accelerator’s partners. One of …
Raiffeisenbank launches pilot projects with three Russian startups Read More
Russian startups are invited to participate in the fourth edition of a 16-week acceleration program Huge Thing in Warsaw, Poland. Kicking off on June 5, the program targets primarily fintech startups with global potential and an MVP. These include augmented reality, Internet-of-Things, blockchain, cyber security, payments, artificial intelligence and biometrics startups. The selected teams will …
Russia’s national savings bank Sberbank has announced the launch of a risk theory and data analysis laboratory in partnership with Moscow State University (MSU) earlier this week. Dubbed “CMC-Sberbank,” the new lab will function as an R&D center focusing on statistical methods for big data analysis and machine learning. The laboratory is intended to become a leading …
On April 19, leading international blockchain professionals will meet Russian bankers and entrepreneurs to discuss local and foreign financial and non-financial blockchain projects as part of the annual Blockchain & Bitcoin Conference Russia. Held in Moscow, the conference will feature presentations by the representatives of IBM, Microsoft, Sberbank, Higher School of Economics and the State Duma, …
Blockchain and bitcoin enthusiasts to discuss industry trends in Moscow (April 19) Read More
Fintech Lab, a Russian platform that aims to unite fintech players and startups, is launching its first acceleration program in Moscow. The project has been initiated by major Russian and foreign banks such as AK BARS Bank, VTB24, Bank Saint Petersburg and Home Credit Bank in partnership with Mastercard. Accenture, which helped to launch fintech accelerators …
ID Finance, a Barcelona-headquartered company with Russian roots, has just secured $50 million in debt funding to fuel its expansion across Latin America. The funding includes $15 million from TKB, a Russian bank which is supported by the EBRD and the IFC, among other backers. After several years of operations in Russian-speaking countries, Spain and Poland, ID Finance launched its online …
High tech lender ID Finance secures $50 million to expand across Latin America Read More
Modulbank, a Russian bank operating in 17 Russian cities, including Moscow, and providing online banking services to SMBs, has acquired three small fintech startups for an undisclosed amount. The news was reported by online publication CNews.ru based on an exchange with the head of the bank’s board of directors Andrey Petrov. Unicloud, one of the …
Russia’s Modulbank acquires three fintech startups Read More
RosEvroBank, a privately-owned Russian bank, announced that it has developed a prototype on remote customer identification system that is based on blockchain technology from Microsoft. The prototype system intends to dramatically change the market distribution of banking services. It will also change on how open-bank customers access to products and services of third-party banks that …
By voting amendments to the legislation on the provision of services earlier this month, the Russian parliament sounded the death knell for the Universal Electronic Card (UEC) project. A tangible manifestation of Russia’s all-embracing e-government ideas, the UEC was originally intended to incorporate or replace virtually all existing identifying information, from ID cards to student IDs and …
