Raiffeisenbank has named the winners in the Raiffeisen Award category in the GenerationS project held by the RVC. The first prize of RUB 1 million was awarded to the Oz Photo Expert team developing risk solutions based on digital image processing and biometric identification. Developers of Eco Banking System and Thewaay services were also among the three leaders. All winners have already launched pilot projects with Raiffeisenbank.
A total of 10 teams were included in the short list. The main selection criteria were business prospects of the solutions, a possibility to create added value for Raiffeisenbank’s customers and to launch joint projects with Raiffeisenbank.
The Oz Photo Expert team developing a technology for digital image and document processing to reveal fraud and an expertise of biometric identification won the first prize. The team was awarded RUB 1 million. In the next few months, the developers plan to test their technologies in a joint project with Raiffeisenbank.
«We have developed a platform, which, based on biometric, data identification, and authenticity verification modules, makes it possible to hedge risks in various banking processes showing the returns on investment from the very beginning of its use. We are happy that Raiffeisenbank appreciates our business approach. Participation in the GenerationS project helped us better learn our prospective clients, become closer to them and, as a result, develop a product that would cover the needs of financial sector companies," says Artem Gerasimov, Oz Photo Expert founder and the CEO of Oz Forensics.
The second place was awarded to Eco Banking System. Its technology allows to monitor borrower’s financial condition based on its business activity and forecast its behaviour.
The third place was awarded to Thewaay, a developer of personal lifestyle assistant to promote communication between the Bank and its customers. Jointly with Raiffeisenbank, the team will test a technology designed to determine customer’s psychological profile and the stage of its life trajectory.
«Raiffeisenbank is interested in developing services and technologies that would make our products simple and understandable for our customers. This is the reason why we are attentive to the solutions developed by
With each of the winners, Raiffeisenbank has signed a
«We are happy that the first experience of cooperation between Raiffeisenbank and the GenerationS project proved so productive. Three fintech teams at once won a chance to launch pilot projects with a major international bank. We are confident that developers'
In autumn 2016, Raiffeisenbank partnered with the GenerationS federal
AO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 14th among the Russian banks in terms of assets, based on 2016 results (
Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 14 markets.
In total, more than 50,000 employees service 16.6 million customers through around 2,500 business outlets, thereof a majority in CEE. Since 2005, RBI’s shares have been listed on the Vienna Stock Exchange.
After the merger of RBI and its former majority owner Raiffeisen Zentralbank Österreich AG (RZB) in March 2017, the combined institute operates — as previously RBI — under the name Raiffeisen Bank International AG. RBI took over all rights, obligations and duties of the transferring company RZB.