Central Bank of Russian Federation - Announcements, Interviews & News Stories

Cashless payments are gaining pace according to Bank of Russia statistics

According to the Bank of Russia's data, cashless transactions (such as payments for goods and services, card-to-card transfers, and transfers to a bank account or a deposit) comprised over 90% of bank card operations of Russian nationals during the first half of this year.

26 September 2019

/retail

Russian central bank recommends registration of customers’ biometrics in Unified Biometric System

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).

08 March 2019

/retail

Tinkoff Bank among first adopters of Faster Payments System in Russia

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.

28 February 2019

/retail

Russian central bank lays down security rules for protecting consumers biometric data

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.

19 February 2019

/retail

Russia to adopt ISO20022 messaging standard

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.

01 October 2018

/retail

Russian central bank to run sandbox workshop

On 29 August, the Bank of Russia’s Corporate University will hold a special workshop dedicated to the functioning of the regulatory sandbox.

23 August 2018

/retail

Finopolis 2018 invites startups to apply for fintech competition

The Forum of Innovative Financial Technologies FINOPOLIS 2018 will host the fourth FinTech startup competition.

19 July 2018

/retail

Russian central bank mandate extended to cover information security at banks

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.

03 July 2018

/retail

Russian federation regulators denote blockchain and instant payments as key priorities

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).

10 April 2018

/retail

Open APIs, digital onboarding and DLT feature in Russian central bank fintech plan

Bank of Russia approves Guidelines for Financial Technologies Development for 2018-2020.

16 February 2018

/retail

Russian central bank to set up blockchain working group

For this purpose the Bank of Russia has established a Working group for analysing prospective technologies and innovations in the financial market.

01 March 2016

/retail

Visa agrees Russian processing deal

On 18 February 2015, JSC NPCS and Visa Payment System LLC concluded a bilateral agreement on operating and clearing services on domestic VISA payment system card transactions to be provided by NPCS processing center.

19 February 2015

Company updates