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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.
The research was based on 20 criteria, grouped into three thematic blocks: Innovative Development, Digital Services and Mobile Applications. The data-driven approach was applied, which involved data for TOP-50 banks received from open sources only.
The 1H2021TOP-10 innovative banks include Sberbank, VTB, Tinkoff, Ak Bars, Sovcombank, Raiffeisenbank, Gazprombank, Alfa-Bank, Otkrytie and Rosselkhozbank.
VTB, Sber and Gazprombank have topped the first block, Innovative Development. Sber took the lead in terms of the number of contracts with Skolkovo startups, followed by VTB, Alfa-Bank and Otkritie. Cooperation with startups is aimed at optimizing internal processes and developing their own ecosystems. Only confirmed commercial contracts were considred in the ranking.
Sberbank, VTB, Rosselkhozbank and Sovcombank are the leaders as regards the events organized for startups. The banks regularly hold pitch sessions, hackathons, and launch acceleration programs. The banks also demonstrate a tendency to working with non-financial entities such as hrtech and edtech companies.
The second block, Digital Services, is headed by Sberbank, Tinkoff and Ak Bars. These banks offer services for self-employed, have their own biometric solutions making the services more secure, and develop children's banking applications to teach children and adolescents financial literacy. Sber and Tinkoff offer their clients an opportunity quite rare for the banking sector – subscription to music services and online cinemas without leaving the bank's application.
Sber, Tinkoff and Sovcombank are the TOP-3 banks in the Mobile Applications block. The ranking is based on a synthetic index generated from the number of the application downloads and rating in AppStore, Google Play and Huawei AppGallery.
The number of banks who stir up their work with SMB is growing. 15 banks out of the TOP-50 already offer services for the self-employed, while as few as 9 offered such services at the end of 2020.
Source: Skolkovo Foundation