Russia's Sberbank has come up with the purrfect gimmick to entice customers - the loan of a free cat with every mortgage.
As head of Digital Ventures at Russia's Sberbank and a partner at fintech VC firm SBT Venture Capital, Mircea Mihaescu is helping to shape the future of financial services. He talks to Finextra about how giant incumbents and upstart challengers are approaching the digital revolution.
Russia's Sberbank is preparing to introduce both Secure Element- and Host Card Emulation-based mobile NFC payment wallets in a decision that reflects the different "risk profiles" of the two technologies.
London-based loyalty start-up Red Zebra Analytics has raised a seven-figure investment from fintech-focussed SBT Venture Capital.
Sberbank insurance, a subsidiary of Russian bank Sberbank, has announced a major project to create an automated system to manage its individual and group life insurance business. The system will be based on Solife from BSB.
The customers of Sberbank can now use the new version of Sberbank Online app for iOS and Android to manage their accounts, cards and deposits from mobile devices.
Russia's Sberbank is to spend $60 million for a majority stake in Yandex.Money, the online payment business of Russian search engine Yandex.
Kazakhstan's oligarchs now have a novel new way to flaunt their wealth, with the launch of a solid gold, diamond-encrusted Visa credit card.
Sberbank of Russia is to set up a $100 million venture fund, rising to a possible $700 million over three years, to invest in promising fintech start-up companies.
Sberbank Non-Governmental Pension Fund and Diasoft announced the successful implementation of Diasoft's Insurance system to support the Fund's mandatory pension insurance business.
© Finextra Research 2014