Center-invest Bank and the FinTech Association inks a collaboration agreement to undertake fresh initiatives to digitize the Russian economy.

The FinTech Association was established on the Bank of Russia’s initiative and includes significant domestic businesses that implement innovative initiatives and have experience in the creation and application of cutting-edge technical solutions for financial deepening.

«We are delighted to join the team of the FinTech Association. Thanks to this partnership, customers of the Bank will be among the first in the nation to use cutting-edge technology like the digital mortgage, digital ruble, and digital profile. We will be able to offer our expertise and tried-and-true best practices to such initiatives at the design stage and collaborate with Association members to create new financial standards and technologies» said Mr. Yury Bogdanov, the Bank’s Innovations Director.

Center-invest Bank is one of the pioneers of digital financial innovation — it was the first bank in Russia to open a deposit account and grant a loan on the financial exchanges such as Finservices and Banki.ru. It also frequently takes part in the Bank of Russia’s and Mir NSPC’s major digital projects, and makes good headway in creating its own technologies and implementing digital transformation.