Bellerage

Banks’ IT rush

Banks’ IT rush

The value of IT for the banking system has changed dramatically over the last few years due to general digitalization.

Financial institutions willingly implement digital technologies such as databases, scoring systems and specialized bank software. Thus, the banks are interested in IT innovations.

  • Alfa-bank has joined a blockchain consortium

The bank is interested in using blockchain technology for documentary letters of credit

  • VTB has placed an order for a virtual office

Banks’ clients will be able to communicate with bank employees through a chatroom

  • Raiffeisen and machine learning

The bank has reduced costs for keeping cash supply in ATMs by using machine learning.