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Sberbank implements risk management system with Numerix

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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 […]

Top ten core banking software projects in 2016

CEO is now Chief Cultural Transformation Officer

Look back at some of the major core banking software projects in 2016, with Banking Technology’s top ten.

Five large banks in Russia suffer major DDoS attack

Russian banks under cyberattack

Five Russian banks, including Sberbank and Alfa-Bank, have been hit by a major cyberattack, according to the country’s central bank and regulator, Bank of Russia.

Sberbank picks software and service providers for major tech overhaul

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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.

Top fintech stories this week – 7 October 2016

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Apple Pay launches in Russia

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Apple Pay has launched in Russia with partners Sberbank and MasterCard. Russia is the tenth country where Apple Pay has been made available, following the US, UK, Canada, France, China and others. Alexander Torbakhov, deputy chairman of the executive board of Sberbank, says: “Apple Pay is driving the popularisation of contactless payments in Russia and […]

Sberbank goes blockchain with Hyperledger Project

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Sberbank and the Linux Foundation have entered into an agreement on the bank’s participation in the Hyperledger Project. The deal was signed at the Sibos conference in Geneva and Lev Khasis, first deputy chairman of the executive board of Sberbank, said the new development with Hyperledger, and its open source platform based on blockchain, offered “access to […]

Sibos 2016: collaborate to drive correspondent banking

Sibos 2016: collaborate

More collaboration is required among members of the correspondent banking community, despite the progress that has been made through efforts such as the Global Payments Innovation (GPI) initiative.

Sberbank sets up MVNO for mobile banking

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Russia’s largest banking group, Sberbank, is to launch mobile banking via a mobile virtual network operator (MVNO). According to Russian business daily Vedomosti, the bank has created a new subsidiary, SB-Telecom, which will act as the MVNO. The development is at the early stage as the new firm hasn’t received any licences yet from Roskomnadzor […]

Top fintech stories this week – 17 June 2016

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! UniCredit and Open Bank Project launch fintech start-up competition Top prize is €50,000 and a contract to work with UniCredit. BBA to merge with three trade associations to create major industry body British Bankers Association (BBA), Council of […]

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