Russia: Central Bank Issues Guidelines for Financial Technologies Development for 2018-2020

On February 8, 2018 the Central Bank of Russia (CBR) published guidelines for financial technologies development for 2018-2020, which determine the main goals and objectives for the development of innovative technologies in the financial market of the Russian Federation, including supporting innovation and ensuring the availability of financial products and services for people and businesses, future contribution, sustainable development and competitiveness in the financial sector.

The document includes descriptions of the prerequisites and trends in digital financial services and the priorities of the CBR in financial technologies.

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