By the end of 2020, robots will be issuing all loans at Sberbank. They will analyze risks, including whether loans …
Move over, millennial: Who needs fintech products?
It is generally believed that banks and corporations primarily develop fintech products for young advanced users. However, the number of …
AI bot to sell loans
Ziax developed an AI-powered voice bot that can reduce call center costs by at least 50%. Ziax voice bot can …
Russians will be banned from adding money to e-wallets anonymously
Yandex.Money, QIWI, WebMoney, PayPal and VK Pay clients will now be required to pass identification before depositing money with their …
Bank employees will not be allowed to use mobile phones
Bank clerks will not be able to bring their mobile phones to work. According to the Association of Banks of …
Hackers try to steal $380 mio from Russian banks
Since the beginning of the year, Russian banks have suffered hacker attacks aimed at stealing over RUR 24 bln ($380 …
Visa and Mastercard to remain in Russia
Visa and Mastercard payment systems will not leave Russia after the bill that prohibits disconnecting the Russian banks subject to sanctions, …
Microfinancing organizations bypass lending restrictions
Microfinancing organizations are finding new loopholes in lending restrictions. The new conditions that took effect on July 1 were supposed …
Russians massively default on loans
There are 12 mio borrowers in Russia whose loans are more than 3 months overdue, financial ombudsman Pavel Medvedev said …
Catalog of fintech startups launched in Russia
Russia has launched its first online catalog of fintech startups. It currently comprises data about 205 startup projects in financial …