A Baker’s Dozen of Our Favorite Russian Fintechs

A Baker’s Dozen of Our Favorite Russian Fintechs

News this week that Russia’s Yandex had agreed to acquire the country’s biggest online bank Tinkoff was a reminder of how vibrant fintech is not just in Europe, or even just in Central and Eastern Europe, but in Russia, as well.

As our Senior Research Analyst Julie Muhn noted in her coverage of the news, “This is a pretty big deal, not necessarily because of the size of the transaction, but because of the players involved. Yandex is essentially the Google of Russia– it is a tech giant in the region. And Tinkoff Bank is the world’s largest digital bank in terms of customers, boasting more than 10 million clients.”

With this in mind, we want to send out a shout-out to the many fintech companies based in Russia that have demonstrated their technologies live on the Finovate stage over the years. Here’s a look at our Russia-based alums going back to our first European conference in 2012.

PayReverse – FinovateAsia 2018. Founded in 2017. Headquartered in Moscow. Offers a white label cashback service.

Ak Bars Digital Technologies – FinovateFall 2018. Founded in 2016. Headquartered in Kazan. Offers a payments via face recognition technology, Face2Pay.

Tinkoff – FinovateFall 2018. Founded in 2006. Headquartered in Moscow. Offers a digital ecosystem of financial and lifestyle products and services.

JuicyScore – FinovateMiddleEast 2018. Founded in 2016. Headquartered in Moscow. Offers a digital risk-management-as-a-service solution for the financial industry.

SMART Valley – FinovateEurope 2018. Founded in 2017. Headquartered in Moscow. Offers a distributed innovation platform that enables key players to collaborate effectively.

Speechpro – FinovateSpring 2017. Founded in 1990. Headquartered in St. Petersburg. Offers a voice biometric technology, VoiceKey.FRAUD for use in contact centers. Finovate Best of Show winner. U.S.-based subsidiary of Russia’s STC Group.

Sberbank – FinovateSpring 2016. Founded in 1841. Headquartered in Moscow. Offers banking and financial services as the core bank of an international financial group. One of the largest banks in Russia and Europe.

C24 – FinovateEurope 2015. Founded in 2013. Headquartered in Moscow. Offers a multi-channel platform that enables users to connect and aggregate their accounts with different banks. Became Paysend.

LifePay – FinovateEurope 2015. Founded in 2012. Headquartered in Moscow. Offers payment services as one of the largest mPOS EMV chip and pin companies in Russia.

My Wishboard – FinovateEurope 2014. Founded in 2013. Headquartered in Moscow. Offers a social crowdfunding platform to help users fund their goals along with the help of friends, family, and subscribers.

SoftWear Finance – FinovateEurope 2014. Founded in 2012. Headquartered in St. Petersburg. Offers a platform that enables banks to provide their customers with the best possible user experience regardless of platform or device.

Yandex.Money – FinovateSpring 2013. Founded in 2002. Headquartered in Moscow and St. Petersburg. Offers a fast, reliable way for online businesses to collect payments for Russians and customers in Russian-speaking countries. The solution, since sold to Sberbank, originally was launched by Yandex, the leading IT company and search engine in Europe.

LifePAD – FinovateAsia 2013. Founded in 2012. Headquartered in Moscow. Offers a “personal online bank manager” in a table, providing customer service 24/7.

FinovateFall Sneak Peek: Ak Bars Digital Technologies

FinovateFall Sneak Peek: Ak Bars Digital Technologies

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

Ak Bars Digital Technologies provides a payments video validation SDK for financial institutions and fintechs to upgrade their level of customer experience.

Features

  • New way to interact with clients
  • Plug & play technology
  • Inexpensive solution

Why it’s great
Ak Bars Digital Technologies’ solution helps FIs develop an unhindered payment environment.

Presenters

Ilya Velder, MBA, Head of Strategy, Managing Director
Velder has more than 10 years of experience in banking (strategy, digital, project financing, direct debt, investments). He is also a lecturer at Innopoilis University in Kazan.
LinkedIn

 

Damir Galiev, MBA, Business Development
Galiev has more than six years in banking experience (digital, business discovery, investments).
LinkedIn

 

 

 

Yaroslav Shuvaev, Head of R&D
Shuvaev has more than 10 years of experience in digital business (product design, UX/UI, AI, fintech). He is also a lecturer at British Higher School Art and Design in Moscow.
LinkedIn

Finovate Alumni News

On Finovate.com

  • Diebold Nixdorf Receives $650 Million Capital Commitment.
  • Mint Brings User Interface into 2018.
  • A Framework for Your 2019 Fintech Strategy.

Around the web

  • Mitek announces departure of CEO Jim DeBello.
  • The SaaS Report recognizes bpm’online CEO and managing partner, Katherine Kostereva, as one of its Top 50 SaaS CEOs of 2018.
  • ACI Worldwide integrates with tax filing technology firm, SPAN Enterprises.
  • Modo teams up with Etihad Airways to build loyalty solution for airline industry.
  • Vera welcomes Carlos Delatorre as CEO.
  • Temenos launches Temenos Learning Community Engine.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateAsia Sneak Peek: Ak Bars Digital Technologies

FinovateAsia Sneak Peek: Ak Bars Digital Technologies

A look at the companies demoing live at FinovateAsia on November 7 and 8 in Hong Kong. Pick up your tickets today and save your spot.

Aimee from Ak Bars Digital Technologies is a solution based on deep learning algorithms that helps a contact center operator find the right answer and responds by herself if she has no doubts.

Features

  • Fast learning. It uses an ensemble of algorithms
  • Can be used for development a conversational digital bank and/or roboadvisor in any financial area
  • Awesome UI

Why it’s great
Aimee is constantly learning. It does not require a large training sample and a man-customizer. Therefore, it is may be quickly installed and ready to help with the first answers.

Presenters

Yaroslav Shuvaev, Head of R&D
Shuvaev is in charge of R&D strategy and runs several full-stack development teams.
Facebook

 

Damir Galiev, Head of Innovation PO
Galiev leads the company’s efforts to innovate, commercialize inventions and results of R&D.
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