Sberbank


Blockchain and Bitcoin round-up: 29 November 2017

Bitcoin high, Russian firsts, trade finance digitisation, US moves, and an interoperability alliance. Another day of action in the busy blockchain and Bitcoin world. Features Sberbank, IBM, Infosys Finacle, BitFlyer and the Blockchain Interoperability Alliance. Doubt you missed it, but Bitcoin has reached an all time high of $10,000. We were inundated with similar comments […]

Sberbank and Swift sign memorandum of co-operation for product push

Sberbank and Swift have signed a memorandum of co-operation regarding the development and piloting of products created and promoted by Swift. With fintech hugs sweeping Sibos and the planet, the parties agreed to co-ordinate steps to assess the potential application of blockchain in interbank settlement platforms. In particular, Sberbank joined the international group of financial […]

Sibos 2017: collaboration vital to avoid dinosaur status

The question of whether – and in what form – banks will survive in the future depends largely on how the forces of changing customer behaviour, technology and regulation will play out on different types of banks.

Sberbank implements risk management system with Numerix

Russia’s largest banking group Sberbank has completed the implementation of its bank-wide technology programme focusing on automating its financial market risk management system. As part of the multi-year project, Sberbank built a technology platform which included IT systems and modules allowing the management of various types of risks, namely credit and market risks. The platform […]

Apple Pay launches in Russia

Apple Pay has launched in Russia with partners Sberbank and MasterCard. Russia is the tenth country where Apple Pay has been made available, following the US, UK, Canada, France, China and others. Alexander Torbakhov, deputy chairman of the executive board of Sberbank, says: “Apple Pay is driving the popularisation of contactless payments in Russia and […]

Sberbank goes blockchain with Hyperledger Project

Sberbank and the Linux Foundation have entered into an agreement on the bank’s participation in the Hyperledger Project. The deal was signed at the Sibos conference in Geneva and Lev Khasis, first deputy chairman of the executive board of Sberbank, said the new development with Hyperledger, and its open source platform based on blockchain, offered “access to […]

Sberbank sets up MVNO for mobile banking

Russia’s largest banking group, Sberbank, is to launch mobile banking via a mobile virtual network operator (MVNO). According to Russian business daily Vedomosti, the bank has created a new subsidiary, SB-Telecom, which will act as the MVNO. The development is at the early stage as the new firm hasn’t received any licences yet from Roskomnadzor […]

Top fintech stories this week – 17 June 2016

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! UniCredit and Open Bank Project launch fintech start-up competition Top prize is €50,000 and a contract to work with UniCredit. BBA to merge with three trade associations to create major industry body British Bankers Association (BBA), Council of […]

Sberbank to overhaul core banking platform

Russia’s largest banking group, Sberbank, is undergoing a major technology overhaul. The bank’s senior MD of technology, Mikhail Khasin, did a presentation on the bank’s new business development platform at a recent conference, TAdviser SummIT. The initiative is a “revolutionary transformation” of all systems that currently form Sberbank’s core banking platform. He said the new […]

Sberbank builds new digital product, Sberbank Messenger

Russia’s banking giant, Sberbank, has unveiled a new digital product, Sberbank Messenger – a communication platform for users to interact with friends and colleagues as well as with services providers, shops and businesses. It can be a person-to-person communication or by using artificial intelligence (AI) applications. The solution will be in beta testing later this […]

Russia’s largest bank joins Wolters Kluwer customer list

Russia-based Sberbank has implemented Wolters Kluwer’s risk management solution, OneSumX, to streamline its treasury operations. OneSumX will enable the bank to perform dynamic simulation, market risk analysis and liquidity risk analysis, says the vendor. There was an extensive system selection, says Wolters Kluwer, with around 30 providers on the long list. Andrey Prudnikov, treasury director […]

Sberbank Kazakhstan opens way to cardless cash withdrawals

Sberbank Kazakhstan and OpenWay have launched a cardless cash withdrawal service on the Way4 platform. The bank’s customers can now get cash at more than 900 ATMs without a card. Instead, a “secret” code is entered at the ATM. The new “cash by code” functionality was developed by OpenWay together with an unnamed third party […]

New epoch for finance as trade unbundles …

Rising political tensions and the increasing use of sanctions are making companies think twice about relying on long global supply chains, said John Calverley, head of economic research at Standard Chartered. Firms may decide that rather than hedging their bets with production, they will keep it closer to home, he said during a roundtable session yesterday.