Russia-based VTB Bank has forged an information technology (IT) partnership with the Skolkovo Foundation.
The partnership will help facilitate the development of a research centre at the Skolkovo Innovation Centre in Moscow, Russia.
This research centre will help the bank boost its capabilities and establish a new infrastructure, as part of its IT goals.
VTB Bank IT organization and management department SVP and head Sergey Bezbogov said: “VTB’s new position as a key partner of the Fund and being able to access the Skolkovo ecosystem, as well as the experience and expertise accumulated by its team in developing and commercializing technologies will help us make a huge technological leap forward.”
VTB claims that the integration with Skolkovo ecosystem will generate returns in areas like big data, algorithms, digital security technologies, and production process and business systems efficiency.
Skolkovo Foundation IT cluster VP and executive director Konstantin Parshin said: “At Europe’s largest startup event of the year, we are pleased to announce that VTB Bank has been awarded the official status of key partner of the Skolkovo Foundation.
“Within the framework of the partnership agreement, a three-year action plan has been developed aimed at attracting and developing the most promising technological projects in the field of digital security, neurotechnology and artificial intelligence, AR/VR technologies, fintech and distributed registries.”