Articles with tag like: Russian Federation

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Yandex agrees on USD 5.5 billion deal for Russian challenger Tinkoff Bank

News | Online & Mobile Banking | 23 Sep 2020

Russia-based fintech Yandex has agreed on a USD 5.5 bln deal to acquire online bank Tinkoff.

Yandex, Tinkoff, challenger bank, banking, online bank, digital bank, fintech, financial technology, mergers and acquisitions, acquisition, Russian Federation, Russia

Russia implements new crypto rules, as banks adapt to new exchanges

News | Cryptocurrencies | 10 Aug 2020

Russia has introduced new rules regarding the use of cryptocurrency its borders, coming into effect in January 2021. 

Russia, crypto rules, cryptocurrency, banks, exchanges, Bitcoin, ether, Vladimir Putin, Kremplin, cryptocurrency law, digital currency, Russian Federation, crypto exchanges, Bitcoin mining, blockchain

Amazon, SoftBank discuss acquisition of Russian online retailer Ozon

News | Ecommerce | 29 Jun 2020

Amazon and Japan-based SoftBank have made approaches to Russia-based conglomerate Sistema about a possible acquisition of its online retailer Ozon.

Amazon, Ozon, Sberbank, Softbank, retailer, merchant, Russia, online shopping, acquisition, Europe, Russian Federation

Sberbank and Yandex.Checkout to enhance its B2B payments offering

News | Payments General | 18 Feb 2020

Russia-based Sberbank has expanded its B2B payments offering scope in partnership with Yandex.Checkout.

Sberbank, Yandex.Checkout, payments, B2B payments, business payments, Business Online, accounting, Russia, Europe, Russian Federation

VTB launches supply chain finance platform for Russian SMEs

News | E-invoicing, SCF & E-procurement | 04 Jul 2019

Russia-based VTB Factoring and Venture Engineering Lab have launched GetFinance, a multifactor digital supply chain finance platform.

VTB Factoring, Venture Engineering Lab, Russia, Russian Federation, Europe, Asia, SMEs, e-procurement, supply chain finance, financing, multifactor digital supply chain finance, cycle of processing, factoring

Supercomputer helps Russian digital lender solve AI tasks

News | Payments General | 10 Apr 2019

Russia-based digital lender Tinkoff Bank has developed a supercomputers, aiming to create a faster solution to machine learning and AI-related tasks.

Tinkoff Bank, supercomputer, product launch, AI, machine learning, banking, artifficial intelligence, Russian Federation, payments, fast transactions

Alfa-Bank joins the Marco Polo Network to boost trade finance

News | E-invoicing, SCF & E-procurement | 07 Mar 2019

Russia-based Alfa-Bank has announced that it joined the Marco Polo Network to bring efficiencies in financing trade and working capital.

Alfa-Bank, Marco Polo Network, trade finance, blockchain technology, Russia, Russian Federation, distributed ledger technology, R3, Corda

SimpleFinance attracts USD 15 mln in second round with SBI Group

News | Payments General | 13 Sep 2018

Russia-based fintech platform SimpleFinance has completed a USD 15 million equity fundraising round with an investment from the SBI Group.

SimpleFinance, fintech, Russia, Russian Federation, funding round, SBI Investments, lending, SMEs, microlending, SBI Group, debt financing

Crypto mining businesses to become popular in Russia

News | Cryptocurrencies | 03 Aug 2018

The number of businesses operating mining facilities in Russia has increased in 2018, as more Russians own cryptocurrency, according to Bitcoin News.

crypto mining, cryptocurrency, fintech, tokens, study, statistics, Russian Federation, blockchain

Yandex.Money rolls out online payment app Yandex.Gas

News | Online Payments | 10 Nov 2017

Yandex.Money, a Russian Federation-based online payment service provider, has released Yandex.Gas, a new application to allow drivers to pay for fuel remotely.

Yandex.Money, online payments, Yandex.Gas, Russian Federation, Lukoil