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(English) Tinkoff, VTB and Sberbank top Russian bank digitalization ranking

01 октября 2020

(English)

The Skolkovo Foundation and VR_Bank have evaluated the digitalization level of the top 50 Russian banks in the first half of 2020. Tinkoff Bank – which has just agreed an acquisition deal with Yandex – became the leader and moved up one place compared to 2019.

It is followed by state-controlled bank VTB, which moved up from the second ten to the second place.

Sberbank, the state-controlled financial and tech giant, is ranked number three.

The leader of the previous rating, Raiffeisenbank, dropped three positions down, while Alfa-Bank dropped one position down and is the last one in the top five banks most prepared for digitalization.

“Tinkoff, VTB and Sberbank invest significant resources in research, IT and startups. This allows these banks to quickly launch digital services, attract new customers, and increase their return on capital,” said Pavel Novikov Director of FinTech & Blockchain Center at Skolkovo Foundation.

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