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New remote opportunities in the Baltics for tech talents worldwide (online fair, April 8)

April 9, 2021

On April 8, the online fair ‘Your Next Move: Spotlight on the Baltics‘ will highlight the region’s fast-growing tech ecosystem and its opportunities for international talents, including from Russian-speaking countries.  This online event aims to position Latvia, in particular, as a first-choice destination to build a professional carrier or do business within a number of companies, from …

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Lithuania, Europe’s new startup hotspot, welcomes globally-minded entrepreneurs

February 13, 2021

Did you know Lithuania ranks #4 in the world for its fintech ecosystem; #11 for ease of doing business; and #1 for the speed of its public Wi-Fi? No wonder why this country is attracting a growing number of startups from across the world, including Eastern Europe. Its high quality of life, low cost of living and …

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As Navalny’s video on “Putin’s palace” breaks records on YouTube, Russian teenagers ignite rebellion on TikTok

January 29, 2021

Just days after Alexey Navalny’s arrest in the Moscow airport and the publication of his killer video on “Putin’s palace,” a digital rebellion is underway in Russia, involving millions of teenagers and elder users of social media. As of Jan. 21, the investigative video on the luxury mansion had broken all records, garnering more than 50 million …

As Navalny’s video on “Putin’s palace” breaks records on YouTube, Russian teenagers ignite rebellion on TikTok Read More

Open banking startup secures $1.6 million from Russian-Belarusian state-backed fund

January 12, 2021

An award-winning fintech startup from Moscow, APIBank, has attracted 120 million rubles in Russia (some $1.6 million at the current exchange rate) from the Russian-Belarusian Investment Fund (RBF Ventures). As reported by CNews.ru, this is the first external capital infusion — in the form of a convertible loan — in this startup launched in 2018. The money will be used “to develop products for payment aggregators and marketplaces, and …

Open banking startup secures $1.6 million from Russian-Belarusian state-backed fund Read More

Sber and Visa launch data lab with AI supercomputer

October 16, 2020

Sber, the Russian state-controlled financial and tech giant, is teaming up with Visa to launch “Russia’s first Data Lab.” The partners intend to “use anonymized data to track changes in customer behavior and design the most customized offerings for all users of card products by applying artificial intelligence and machine learning tools.”  “The move is aimed at …

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“Big Brother is feeding you:” Sber collects biometric data from school canteens to cafe chains

October 12, 2020

Sberbank — the state-controlled giant which recently unveiled a suite of new technology products and dropped the word ‘bank’ from its corporate branding — is compiling a database of Russian citizens’ biometric information. Little is known about how the project is progressing, but online publication The Bell believes it could potentially concern some 100 million users of …

“Big Brother is feeding you:” Sber collects biometric data from school canteens to cafe chains Read More

In Russia’s next-gen retail outlets, an “intellectual surveillance system” will replace cash and cashiers

May 26, 2020

Sberbank, the state-controlled finance and technology behemoth, Azbuka Vkusa, a leading grocery retail outlet network, and Visa have teamed up to launch “Russia’s first store fitted with computer vision solutions.” Located in the Moscow City business center, the ‘Take&Go’ store features an “intellectual surveillance system” which “constantly tracks the products on shelves.”  When entering the store, customers …

In Russia’s next-gen retail outlets, an “intellectual surveillance system” will replace cash and cashiers Read More

Russian PM orders to design a national warning system based on COVID-19 patients’ geolocation

April 6, 2020

[Updated March 25] On Monday, March 23, Russia’s Prime Minister Mikhail Mishustin instructed the communications ministry to “organize the creation of a system that can track people who have come into contact with patients infected by the new coronavirus.” Based on individual geolocation data from telecom operators, the system should also notify users about their …

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Three Russian online delivery startups shut down amid strong market growth

November 12, 2020

Over the past few weeks three online delivery startups ceased activities, having failed to turn a profit or demonstrate viable business models. The e-grocery delivery service Golama made the news last year as it completed a $2.3 million round of funding, then agreed with VEB Ventures an additional $7 million capital injection.   In mid-January 2020, however, …

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Private investor envisions $2 billion tech park with giant data center in Moscow

June 12, 2019

A private investor in Moscow is willing to build a giant data center in Russia, reported business daily Vedomosti, citing “a source close to the project.” Dubbed ISTRADIGITAL, the project envisages the construction of a technology park near Moscow worth 132 billion rubles (about $2 billion at the current exchange rate). Among other facilities, it would …

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Visa launches cash withdrawal pilot project in Russia

July 13, 2019

“Visa announces technical implementation of cash withdrawal services at cash registers at trade and service enterprises in Russia. The service is currently being tested as a pilot in partnership with Russia’s The Parmesan retail chain and the Agricultural Bank,” the company said. The plans for the payment system include making the service available throughout the …

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BRICS countries could launch integrated payment system

March 13, 2019

Brazil, Russia, India, China and South Africa are currently developing a common payment system designed to be used from any of the five countries with their local currencies. The Russian newspaper Izvestia has described some details of this project based on exchanges with representatives of the Russian sovereign fund RDIF and the Russian Bank Association, …

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