The voice assistant of the Alfa-Bank mobile application provides the ability to obtain information for bank customers about the balance of a bank card, the amount of the next payment on a loan or the status of a mortgage.

In the future, it is planned to launch voice payment functions based on Alfa-Mobile templates - payment for mobile communications, housing and communal services, money transfers.

Alf was created using Yandex SpeechKit Brand Voice technology, built on the transformer architecture of machine learning. The voice assistant was developed in collaboration with Just AI.

Moscow

Alfa_bank

The voice assistant of the Alfa-Bank mobile application provides the ability to obtain information for bank customers about the balance of a bank card, the amount of the next payment on a loan or the status of a mortgage.

 
 In the future, it is planned to launch voice payment functions based on Alfa-Mobile templates - payment for mobile communications, housing and communal services, money transfers.

 
 Alf was created using Yandex SpeechKit Brand Voice technology, built on the transformer architecture of machine learning. The voice assistant was developed in collaboration with Just AI.

fintech

voice_assistants

artificial_intelligence

At the end of May, Alfa-Bank registered Alfa-Digital, an IT company. The company will become an IT development center of the bank, and in the future the new company will become a provider of digital solutions for external customers.

 
 About 1.2 thousand employees, including developers, analysts and other staff, will be transferred to Alfa-Digital by the beginning of 2023. In the future, the team can grow to 5,000 specialists (in total, Alfa-Bank has 7.1 thousand employees working in IT and Digital areas). The bank also plans to transfer part of its software solutions to the register of Russian software, and then transfer them to the balance of Alfa-Digital.

 
 Special of the bank explain that “the transfer to an IT company will also enable employees to receive benefits from the state.” Sberbank, VTB, Gazprombank, Sovcombank, Tinkoff Bank already have similar IT companies.

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 Earlier, the Central Bank stated that the regulator supported the recognition of banks as IT companies. Over the past three months, the number of IT companies in the register of the Ministry of Digital Development, Communications and Mass Media has grown by 40% and exceeded 26,000.

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 <a href="https://ict.moscow/news/alfa-bank-sozdal-it-kompaniiu-alfa-didzhital/" target="_blank" rel="nofollow">Original in Russian</a>

Kommersant

Alfa-Bank Created Alfa-Digital IT Сompany

Interfax

X5 Group and Alfa-Bank Set up a Subsidiary to Launch X5 Bank Service

The joint venture for the development of the <a href="https://ict.moscow/en/card/klyuch-rostelekom/" target="_blank" rel="nofollow">Unified Biometric System (UBS)</a> operated by <a href="https://ict.moscow/en/cards/?tags=Rostelecom" target="_blank" rel="nofollow">Rostelecom</a> may include several major banks in Russia. This issue was discussed on July 29 at a meeting with market actors held the Central Bank, Kommersant reports.

 
 According to the newspaper, the decision to include large banks in the joint venture has been made, further details are to be worked out. Previously, <a href="https://ict.moscow/en/cards/?tags=Sberbank" target="_blank" rel="nofollow">Sberbank</a>, VTB, <a href="https://ict.moscow/en/cards/?tags=GPB_Digital" target="_blank" rel="nofollow">Gazprombank (GPB)</a>, <a href="https://ict.moscow/en/cards/?tags=Alfa_bank" target="_blank" rel="nofollow">Alfa-Bank</a>, Russian Agricultural Bank, PSB, <a href="https://ict.moscow/en/cards/?tags=Tinkoff_Bank" target="_blank" rel="nofollow">Tinkoff-Bank</a> and Pochta-Bank expressed its willingness to take part in the joint venture. However, the list is not final, according to experts.

 
 It was originally intended to create a joint venture with only Rostelecom and Sberbank in it, newspaper’s sources said. As for now, Sberbank has "lost its monopoly" under pressure from the Central Bank. “The regulator is worried about market competitiveness, while Sberbank occupies half of the market. Considering such dominance, it is logical that the positions in the competitive environment are strongly skewed,” one of the experts in the consulting market explained to Kommersant.

 
 The joint venture is tasked with collecting about 20 million samples, including photographs and voice recordings, over the next two years. So far, UBS has collected data from 164 thousand Russian citizens for the past three years. By 2030, the number of Russians who have submitted their biometric data is expected to increase to 50 million, officials <a href="https://www.kommersant.ru/doc/4772708" target="_blank" rel="nofollow">reported</a> previously.

 
 <a href="https://ict.moscow/news/v-sovmestnoe-predpriiatie-po-razvitiiu-ebs-voidet-neskolko-bankov/" target="_blank" rel="nofollow">Original (in Russian)</a>

Russia’s Major Banks to Join Unified Biometric System

ICT.Moscow

Tech in Moscow #24 (15 - 21 February 2021)

Alfa-Bank will&nbsp; become the sole owner of the Netmonet cashless tipping service. This is reported by Forbes with reference to two sources close to the bank.

 
 Co-owner of the service <a target="_blank" href="https://www.facebook.com/profile.php?id=100011461868426">Georgy Vysotsky</a> said that Netmonet "is preparing for an investment deal",&nbsp; which will be closed by the end of February. Details of the deals are not yet disclosed.

 
 <a target="_blank" href="https://www.facebook.com/alena.reznichenko.90">Elena Reznichenko</a>, a spokesman for Alfa-Bank, declined to comment on the possible deal, but noted that the bank "is constantly looking for new partners, especially among fintech projects, to provide customers with the best innovative services on the market." Netmonet service was launched in the summer of 2019. It allows visitors to catering establishments to pay tips with a bank card using the QR code on the check.&nbsp;&nbsp;

 
 <a target="_blank" href="https://ict.moscow/news/alfa-bank-kupit-servis-beznalichnykh-chaevykh-netmonet/">Original (in Russian)</a>

Forbes

Alfa-Bank will buy Netmonet cashless tipping service

Svetofor makes it possible for corporate clients to evaluate the risks of the operations in terms of legal requirements. The evaluation process is based on 5 criteria: the percent of tax liabilities, the proportion of operations including VAT and not including VAT, cash withdrawal amount, the amount of money remittances to individual accounts and the remaining balance.&nbsp;

The results of the check and the problems identified will be marked by colour risk level indicators. The green light means “no risks by any criteria”, the yellow light means “pay attention to the following signs” and the red light means “high risk of law violation”.

Together with the “traffic lights-coloured” indicators, the user gets short explanations, what are the main legal requirements for this type of operations, what are the violations and what are their signs and how to minimize risks. “Svetofor” is provided in the internet bank for corporate clients.

banks

online_service

Svetofor

Краудлендинг

Финансы

Potok

A platform that provides loans to businesses using the money from private investors-customers of Alfa-Bank. Borrowing companies are tested by a scoring system for a diverse number of parameters. To apply for a loan, it is necessary to go through online registration, providing an account statement and passport data. The term of the application is up to 3 days, the loan is issued for a period of up to 6 months.

The minimum amount for investment is 10,000 rubles, the maximum - 500,000 rubles. It is possible to reinvest returnable amounts, and the money is automatically transferred to new companies. To reduce risks, finance is evenly distributed to 20 companies.

Alf

Svetofor

Potok

Doing Business

Atomyze

Debit Credit