Tagged: russia

Tinkoff Awarded Bank of the Year Recognition in Russia

Tinkoff has been named Bank of the Year in Russia at the Bank of the Year Awards 2021, according to a statement distributed by the bank. The  recognition was delivered by The Banker, a publication that is part of the Financial Times Group. Tinkoff says… Read More

Russia’s Tinkoff Acquires Controlling 51% Stake in Online Freelancing Platform Jump.Finance

Russia’s digital banking platform, Tinkoff, has reportedly acquired a controlling stake (51%) in Just Look, the business entity behind Jump.Finance, a Fintech firm that automates interactions with freelancers, including making payments. The transaction was carried out on behalf of Tinkoff Business, the division of the… Read More

Russian Digital Bank Tinkoff Receives Professional Securities License

Tinkoff Capital Management Company, part of the TCS Group Holding PLC which is listed on the London Stock Exchange and on the Moscow Exchange, has received a professional securities management operator license, according to the company. Tinkoff states that in 2022 it plans to launch a… Read More

Thunes Announces Instant Payments to Russia

Singaporean Fintech Thunes, a provider of global cross-border payments, this week announced instant cross-border bank payments to Russia. The partnership will allow Thunes’ customers to make payments to any of Russia’s business and consumer bank accounts in near-real-time, the company said.  In 2019, the combined… Read More

Galina Likhitskaya: VP, Operation and Product at HashEx Discusses Importance of Online Security, Smart Contract Use-Cases

We recently connected with Galina Likhitskaya, Vice president, Operation & Product at HashEx, an audit and consulting firm for blockchain or distributed ledger tech (DLT)-enabled projects. Galina talked about the importance of following the best or highest online security standards. She also discussed how smart… Read More

“Alisa,” the Voice Assistant from Russian Tech Firm Yandex, Is Now Available for VTB Bank

“Alisa”, the voice assistant from Russian tech firm Yandex, is now available for Russia’s VTB Bank (MCX: VTBR). She’ll be able to inform consumers about the products, tariffs and the banking platform’s services. She can also go over loan applications and offer advice or suggestion… Read More

VTB Bank and PJSC Severstal Develop Solution for Unified Industry Register of Quality Certificates for Metal Products

VTB Bank (MCX: VTBR), one of the leading universal banks of Russia, and PJSC Severstal (MCX: CHMF), a Russian firm operating in the steel and mining industry, headquartered in Cherepovets, have reportedly created an application for handling the registration of quality certificates for metal products. The… Read More

Russian Fintech Tinkoff Adds Services, Makes Hires

Russian fintech Tinkoff has launched Tinkoff Private, a new offering geared to affluent customers. It is a digital private banking service combining a range of actions for the HNWI segment that is now available in the Tinkoff and Tinkoff Investments apps. Tinkoff Private creates a… Read More

Eastern Europe Ranked Third Globally for Overall Exposure to Illicit Activity Involving Cryptocurrencies: Report

Eastern Europe has one of the largest cryptocurrency economies in the world. A recent report reveals that it’s the third-ranked global region for “overall exposure to illicit activity.” Eastern Europe is the only world region with a total transaction volume of $400 million+ for which… Read More

Over €7B in Loans Now Funded via European P2P Lender Mintos

European P2P lender Mintos reveals that it has reached another key milestone with EUR 7 billion of loans now funded via its platform. The Mintos team writes in a blog post, dated September 6, 2021, that it’s been a year of milestones for them, and… Read More

Russia: Tinkoff Recognized as Most Innovative Digital Bank

Russian Digital bank Tinkoff has been recognized as the Most Innovative Digital Bank in Central and Eastern Europe at Global Finance magazine’s 2021 World’s Best Digital Banks awards, according to a note from the Fintech. Tinkoff states that its AI [artificial intelligence] banking strategy seeks… Read More

Bank of Russia and Russian Fintech Association Provide Open Banking API to Local Fintechs

Promsvyazbank and Tochka, a Fintech-focused service for SMEs, reportedly began using an Open Banking API implemented by the Bank of Russia and the Russian Fintech Association (RFA). They’ve passed the tests at the Open API Certification Stand, which is being operated by the Russian Fintech… Read More

CipherTrace Shares Report on Blockchain Analysis that Helped US Seize $2M+ in DarkSide Ransom Paid by Colonial Pipeline

On June 7, 2021, the US Department of Justice announced that they had managed to seize 63.69 BTC (valued at around $2.5 million) of the 75 BTC ransom Colonial Pipeline was forced to pay to DarkSide. This ransom recovery is notably the very first undertaken… Read More

VTB Bank Enters Agreement with Federal Tax Service of Russia to Offer Qualified Electronic Signatures via Physical Medium

VTB Bank (FRA: KYM1) has entered into an agreement with the Federal Tax Service of Russia in order to introduce a service for providing a qualified electronic signature (QES) via a physical medium. The pilot initiative will begin in Moscow and St. Petersburg for the banking… Read More

Russian Authorities Clarify that Cryptocurrencies May Be “Contractual Means” of Conducting Payments

The State Duma has recently acknowledged that amendments to the Civil Code (in Russia) that cryptocurrencies (or “digital monetary units”) may be considered “a contractual means” of conducting payments in the country, according to Pavel Krasheninnikov, Chairperson of the Duma Committee on Legislation, at the… Read More

Tinkoff Investment Unveils Russian Investors Activity Index

  Tinkoff Investments announced on Monday it has launched Tinkoff InvestIndex, which is described as a set of indices that represent Russian investors’ activity and sentiment. Tinkoff InvestIndex shows what securities investors are buying or selling, what industries they favour, and what currencies they are… Read More

Bitcoin Mining Expert Explains why Generating “Clean” BTC Blocks Can Be Extremely Challenging

Zack Voell, a cryptocurrency mining specialist, writes in a blog post published by Compass that block 682,170 was the first “clean” block that was mined by public mining firm Marathon’s new pool. Voell writes in a detailed post from Compass, a “Bitcoin-first” company that aims… Read More

Blockchain Analytics Firm Elliptic Reveals it Followed Bitcoin Ransomware Paid by Colonial Pipeline

The team at blockchain analytics firm Elliptic revealed recently that they followed the Bitcoin (BTC) ransoms paid by Colonial Pipeline and other DarkSide ransomware victims. Dr. Tom Robinson, Co-founder and Chief Scientist at Elliptic, regularly discusses crypto forensics, investigations, compliance, and sanctions. Elliptic clients are… Read More

Forward Flow, a Product for Crowdlending, Introduced by Kviku on Mintos in Euros and Russian Rouble

Peer to peer lending marketplace Mintos reports that in November 2020, Kviku introduced Forward Flow in Euro on Mintos. Now, the company is pleased to announce that it’s offering Forward Flow also in RUB (the Russian ruble). As noted by Mintos: “Forward Flow is a… Read More

London Regtech ComplyAdvantage Releases Report Noting that Firms Update Risk Enterprise-Wide Assessments to Account for Digitization Trends

London-based ComplyAdvantage, a company that offers real-time financial crime insight that “puts you in control,” notes that the European Union has introduced a strategy to deal with  organized and financial crime and the US recently imposed new sanctions on Russia. While sharing recent financial crime… Read More

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