Russia's Tinkoff Bank opens development hub

Russia's Tinkoff Bank opens development hub

Russian digital bank Tinkoff has opened a development hub at a major Moscow innovation centre where a team of staffers will work on areas such as blockchain and biometrics.

Tinkoff says that the new hub will help it research new technologies, acting as a base where prototypes can be developed relating to areas such as crypto economics and voice and facial recognition.

The bank has already started collaborating with residents of the Skolkovo Foundation’s IT cluster, integrating their software into its ATMs.

Vyacheslav Tsyganov, CIO, Tinkoff, says: "Skolkovo has everything needed to develop some truly disruptive initiatives. New development teams are already being created and are in the acceleration stage taking part in some of the Bank’s existing projects."

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