Alfa-Bank buys Misys Equation source code

Alfa-Bank buys Misys Equation source code

Alfa-Bank, a top ten bank in Russia by assets and profit, has purchased the source code of its core banking system, Misys Equation. The solution is provided by Finastra (formerly Misys).

Diebold Nixdorf in major deal with Russia’s Post Bank


Russia-based Post Bank, a joint venture of VTB Group and Russian Post, has purchased 3,200 self-service cash recycling systems (plus software and services) from Diebold Nixdorf.

RosEvroBank builds blockchain platform for remote customer identification

It's blockchain time at RosEvroBank

RosEvroBank, a top-50 bank in Russia, has created a prototype of a blockchain-based system that enables remote verification of customers for other financial institutions. The decentralised system is built on the Microsoft’s Ethereum Consortium Blockchain infrastructure.

Hackers steal $31.4 million from Bank of Russia

And here go RUB 2 billion...

Hackers have stolen RUB 2 billion ($31.4 million) from correspondent bank accounts at Bank of Russia, the country’s central bank.

Sberbank picks software and service providers for major tech overhaul


Russia’s largest banking group, Sberbank, has concluded its tender to find software and processing systems developers to revamp its retail and corporate banking tech.

Russia’s NSD introduces off-exchange settlement

MTS wants to use mobile technology to boost financial services in Russia

Russia’s central securities depository NSD has implemented back-to-back settlement technology for off-exchange delivery-versus-payment transactions with securities denominated in Russian rubles. The bank accounts and transactions may be in rubles, US dollar, Euro and Chinese yuan.

Russia’s NSD revamps reference data amid transparency drive

Russia's NSD is seeking to restore trust through improved data collection

Russia’s NSD central securities depository has launched a joint project with Interfax information agency to coordinate their efforts for the development of a system of assessing the fair value of financial instruments. The move is part of an ongoing government reform agenda designed to turn Moscow into an international financial centre.

Moscow market reforms battle capital flight

Moscow Exchange is implementing the G20 commitment, but doubts linger over Russia's reputation

Despite tensions between Russia and NATO over the situation in east Ukraine, the underlying internationalisation and reform agenda in Moscow has not changed, according to Russian broker BCS.

Russian Central Bank moves to restore trust as Swift rejects EU exclusion request

Russia' Central Bank is taking measures

Russia’s Central Bank has revoked the licences of three banks as part of an effort to restore trust in the country’s banking system. The move comes as financial messaging network Swift stands defiant against a European Parliament resolution calling for the expulsion of Russia from the community.

Kazakh Eurasian Bank unveils mobile banking

Eurasia Bank is based in Alamaty, Kazakhstan

Kazakhstan’s Eurasian Bank has launched a mobile banking service which offers basic mobile banking features to Kazakh, Russian and English=speaking customers.