JSC "Russian agricultural Bank" and APIBank (OOO "Digital banking platform") has signed a Memorandum of cooperation at the St. Petersburg international economic forum-2019. Signatures under the document have put the Chairman of the Board of Rosselkhozbank Boris Leaves and the CEO of the company-the resident of it cluster innovation center "SKOLKOVO" Alexey Petrov in the presence of the Chairman of Fund "SKOLKOVO" Arkady Dvorkovich.

The Memorandum is aimed at the creation of Open technological Banking solutions based on the platform APIBank to interact Rosselkhozbank, FINTECH services and providers of non-Bank services. This will enable the Bank together with partners to develop new strategic business models and products for the real sector of economy and agriculture of the BRICS and the Eurasian economic Union. In addition, access to financial technological services to the financial infrastructure of JSC "Russian agricultural Bank" will promote the development of advanced solutions for the development of the digital economy as a whole.

"Financial technology is moving very rapidly. This primarily affects the retail business. We have a significant share in the retail segment of the banking market and we just need to meet all the demands of today's digital reality. Credit portfolio of Rosselkhozbank 427 billion. The amount of attracted funds exceeded 1 trillion roubles. I am sure that the cooperation with the FINTECH company of the SKOLKOVO Foundation, will give a boost to the digital transformation of the Russian agricultural Bank", ‒ said the head of Rosselkhozbank Boris Leaves.

"The cooperation of the resident "SKOLKOVO" with one of the largest participants of the Russian banking market the Russian agricultural Bank ‒ opportunities for the development of initiatives under the concept of Open Banking. We are delighted to support this partnership and expect that it will become productive. Sure FINTECH solutions that will create Rosselkhozbank and APIBank will be in demand in the real sector of economy", ‒ said the President of Fund "SKOLKOVO" Arkady Dvorkovich.

"Russia is among the leaders in the development, and most importantly the introduction of technology in the financial sector. But in the part open banking we are still behind world experience. I am sure that the development of Open Banking will help our banking industry to a new level, where it is increasingly important to standaryzowane and regulation of this area, the introduction of common rules for all games, similar to the European payment Directive PSD2", ‒ said General Director APIBank Alexei Petrov.

JSC "Rosselhozbank" is the basis of national credit and financial service system of agroindustrial complex of Russia. The Bank was founded in 2000 and today is a key lender to the agriculture of the country, is among the largest and most stable banks in the country in terms of assets and capital, as well as the leaders of a reliability rating of the largest Russian banks.