Russian Financial Sector Update

Bank of Russia BANK OF RUSSIA: OVERVIEW The Central Bank of the Russian Federation FINTECH (2) Russia provides a favorable environment for FinTech development & FINTECH Ф ASSOCIATION Main goals Implementation of new technological solutions for the development of the Russian financial market ✓ Promotion of digitalization of the Russian economy Established on 28 December 2016 by the Bank of Russia with participation of the largest financial institutions Main activities (2017-2018) Digital identification ✓ Distributed ledger technology Fast payment system ✓ Open API ✓ Big Data 12

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