The Bank of Russia issued recommendations for banks, which will allow them to upgrade and optimise the operational processes used to register citizens in the Unified System of Identification and Authentication (USIA) and the Unified Biometric System (UBS).
Tinkoff Bank has become an early adopter of the Bank of Russia’s Faster Payments System (FPS) as it continues to build out its payment services ecosystem.
Methodological recommendations of the Bank of Russia regarding the mitigation of threats when working with the Unified Biometric System are based on the description of current threats specified in Bank of Russia Ordinance No. 4859-U, dated 09 July 2018.
Sberbank and the National Settlement Depository (NSD) have summed up the results of a test deal to attract financing through an initial coin offering (ICO) using the Bank of Russia’s sandbox.
As part of the Russian national payment system’s (NPS) migration to ISO 20022 international standard, the Bank of Russia has approved the standard setting forth the rules for financial message exchange during funds transfer operations at the payer’s initiative.
On 29 August, the Bank of Russia’s Corporate University will hold a special workshop dedicated to the functioning of the regulatory sandbox.
The Forum of Innovative Financial Technologies FINOPOLIS 2018 will host the fourth FinTech startup competition.
A new federal law has been adopted. It sets forth legal grounds enabling credit institutions to counter unauthorised operations, including with the help of antifraud systems.
Sberbank and Russia's National Settlement Depository are to run an Initial Coin Offering in the Bank of Russia’s regulatory sandbox. Level One, a company that manages Moscow’s biggest commercial lecture hall, will be the issuer.
The financial regulators of Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan held a Joint Payment Area Working Group meeting to discuss key trends and initiatives related to the use of innovative financial technology to develop and promote today's services across the Eurasian Economic Union (EEU).
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