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Large Russian banks to launch new services in FPS in October
The Faster Payments System introduces new requirements for systemically important banks from October 1, says the Bank of Russia’s regulations on the payment system.
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Vladimir Putin to empower central bank to limit unsecured consumer loans
Russian President Vladimir Putin finds it necessary to empower the Bank of Russia to limit the volume of unsecured consumer loans.
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Yandex Bank appeared in Russia
Internet giant Yandex has renamed Bank Akropolis into Yandex Bank JSC.
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Russia’s central bank proposes tougher control over cards replenishment at ATMs
The Bank of Russia believes that banks should strengthen control over the replenishment of cards through ATMs and cash-in enabled terminals in order to combat fraud.
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Russian banks to ditch paper contracts with clients
Russian banks plan to abandon paper contracts with clients. The door to the new reform will be opened by a new law on digital archives, of which the drafting will be launched by the State Duma at the autumn session.
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Russia’s central bank to slow down payments to crypto exchanges
Participants of the Russian banking system, prompted by the central bank, will begin to slow down people's payments to crypto exchanges in order to protect the population from “impulse purchases” of cryptocurrency, First Deputy Governor of the Bank of Russia Sergey Shvetsov said in a statement...
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Skolkovo Foundation ranks Russia’s most innovative banks
The Skolkovo Foundation, together with Dsight, a resident of the Information Technology Cluster, have ranked the most innovative banks.
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FINOPOLIS 2021 Business Program has been published
This year's FINOPOLIS 2021 forum of innovative financial technologies will last for three days (November 10-12), during which the participants will experience an intense business program.
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New participants joined November PLUS-Forum “Online&Offline Retail”
PLUS-Forum “Online&Offline Retail”, the largest event for offline retail, e-commerce and payments industry will be held in Moscow on November 16, 2021. Every year, the PLUS-Forum brings together the best industry experts.
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Ranks of experts, sponsors and partners of Almaty PLUS-Forum are growing!
New experts, sponsors and partners joined Almaty PLUS-Forum “Fintech Borderless. Eurasia Digital” to be held on October 27-28, 2021!
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Investor from Kazakhstan acquires Asian-Pacific Bank
The Bank of Russia sells the Asia-Pacific Bank (ATB) to Kazakhstan's Pioneer Capital Invest for 14 billion rubles.
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Russia to impose mandatory biometrics submission on foreigners opening bank accounts
Anatoly Aksakov, Head of the State Duma Committee on Financial Market, has proposed obligatory biometric data collection for foreign citizens opening bank accounts.
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Central Bank of Uzbekistan: cryptocurrency will not become national legal tender
Bitcoin and other cryptocurrencies are not a means of payment in Uzbekistan, and it is unlikely that this will ever change, Spot reports, citing Deputy Chairman of the Central Bank of Uzbekistan Bekhzod Khamraev.
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Visa: 89% of all payments in Russia are contactless
The share of contactless payments in Russia makes 89% of all payments.
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Russia’s central bank: adoption of digital ruble sees no obstacles in Russia
The start of testing the digital ruble platform prototype in Russia is scheduled for January 2022. The Bank of Russia sees no obstacles to its implementation.
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Russian ruble makes top-20 popular global currencies list first time since 2016
In July 2021, for the first time since 2016, the ruble made the top-20 popular world currencies with a share of 0.18% in international settlements, according to SWIFT.
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Banks to introduce palm vein recognition for customer identification
Biometric identification by palm veins will become one of the methods allowing the banks to identify their client.
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In Russia, biometrics to be used in all types of transport by 2024
Biometrics will be used in all public transport modes in Russia by 2024, said Minister of Transport of the Russian Federation Vitaly Savelyev speaking at the New Knowledge marathon.
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Number of bank branches is decreasing in Russia
In early August 2021, the total number of subdivisions of 376 operating banks amounted to 28 thousand, that is 5% or 1.5 thousand less than in the same period in 2020.
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Russia outstrips US in digital banking
There are as few as 249 digital-only banks in the world. Of those, only 13 ones are profitable, writes Lenta.ru with reference to the Boston Consulting Group (BCG) report.