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Interview: Aleksey Chubar, VTB – leading a fintech revolution in Russia

Aleksey Chubar, VTB

If you’ve got preconceptions about what fintech looks like and where it’s happening, then Aleksey Chubar, head of digital transformation at VTB, has news for you. Russia is becoming a hotbed of fintech innovation – not just domestically, but internationally too. More than that, the rapid pace of technological change in the country means you’ll soon wonder how you got left behind.

McDonald’s taps Capgemini for digital push; Burger King unveils Whoppercoin in Russia

McDonald's

Capgemini has signed a multiyear IT strategic provider agreement with McDonald’s to help the fast food giant use technology to improve the customer experience. Meanwhile, Burger King has launched a blockchain-based loyalty programme in Russia.

Russia’s CSD develops blockchain platform with Waves

Time for blockchain news!

National Settlement Depository (NSD), Russia’s central securities depository (CSD), and Waves, a decentralised platform for launching crowdfunding campaigns and issuing digital assets, have embarked on a blockchain project.

Yandex and Sberbank plot joint venture for e-commerce

Sberbank to pump $500m into Yandex.Market

Russia’s tech heavyweight Yandex and the country’s largest bank, Sberbank, are planning a joint venture to “boost e-commerce development”. The new venture will be based on the Yandex.Market platform.

VTB brings Alipay to Russia big time

Alipay comes to Russia big time

Chinese online and mobile payment platform Alipay is looking to grow its presence significantly in Russia with the help of VTB Group.

Sberbank implements risk management system with Numerix

sberbank

Russia’s largest banking group Sberbank has completed the implementation of its bank-wide technology programme focusing on automating its financial market risk management system. As part of the multi-year project, Sberbank built a technology platform which included IT systems and modules allowing the management of various types of risks, namely credit and market risks. The platform […]

Blockchain and Bitcoin round-up: 2 June 2017

No Bitcoin traded here

From Russian banks to Greek lawyers. Our latest blockchain and Bitcoin report rounds up the news into a quick and easy read. Russian news agency TASS reports that Bank of Russia, the nation’s central bank, will develop a national cryptocurrency. At the St. Petersburg International Economic Forum 2017, the regulator’s deputy chairperson Olga Skorobogatova says: […]

Android Pay launches in Russia

Android Pay

Android Pay has now landed in Russia and can be used with an eligible Visa or Mastercard credit or debit card from a supported bank. The supporting banks are AK BARS, Alfa-Bank, B&N Bank, MTS Bank, Otkritie, Promsvyazbank, Raiffeisen Bank, Rocketbank, Russian Standard Bank, Russian Agricultural Bank, Sberbank, Tinkoff Bank, Tochka, VTB24 and Yandex.Money. There […]

Interview: Oliver Hughes, Tinkoff Bank

Oliver Hughes, Tinkoff Bank

In an exclusive interview, Oliver Hughes, CEO of Russia’s Tinkoff Bank, talks about its online financial supermarket, maintaining momentum, and how US and UK banks can be occasionally underwhelming.

Game’s on for Sovcombank credit scoring

Fun and games for Sovcombank credit scoring

Russia-based Sovcombank hopes to attract more young people looking to get their first credit card by “gamifying” the credit application process. The project has been carried out with Entrepreneurial Finance Lab (EFL), which developed a new survey-based credit scoring model, and FICO, which handles marketing.

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