Tinkoff Bank opens development hub at Skolkovo

Tinkoff Bank announces the opening of a development hub at the Skolkovo innovation centre. Its team will focus on delivering new business solutions based on blockchain, as well as voice and face recognition technologies.

Improving Tinkoff’s financial ecosystem through the use of highly promising technologies and research will be the hub’s first priority. Blockchain-based solutions and cryptoeconomics research are set to become instrumental in achieving this goal. The ideas and prototypes developed at the hub will serve not only to support Tinkoff Bank’s day-to-day operations, but also to promote new technologies for mainstream use in business. In addition, the team will engage in developing biometric voice and face recognition technologies to enhance customer experience, improve the security of financial transactions and augment in-store analytics. Tinkoff Bank has already partnered with a number of existing residents of the Skolkovo Foundation’s IT cluster, successfully integrating their software into its ATMs.

Vyacheslav Tsyganov, VP and CIO, Tinkoff Bank, added:

“Skolkovo has everything needed to develop some truly disruptive initiatives. New development teams are already being created and are in the acceleration stage taking part in some of the Bank’s existing projects. They will be able to proceed on their own at Skolkovo in the coming weeks.”

Sergey Dutov, Director of Business Development and Industrial Partners, IT cluster, Skolkovo, said:

“Tinkoff Bank is quick and consistent in pursuing its technology initiatives. As recently as in June, Oleg Tinkov attended the annual start-up forum and signed a cooperation agreement with the Skolkovo Foundation. In August, the Bank supported an event featuring Vitalik Buterin, founder of the Ethereum blockchain platform, who appeared as a speaker at Skolkovo. And now, surrounded by hundreds of start-ups, the newly established hub will begin developing blockchain solutions ready to be used in the Bank’s own day-to-day operations and by other businesses.”