Russia’s biggest bank enters tech domain; to compete with Google, FB, Amazon

Russia’s biggest bank – Sberbank – plans to transform itself into a tech giant by launching products, services in digital space. The services will be first rolled out in Russia, later expanding to other countries including India, depending on the success in Russia and other compliance requirements in foreign countries. Among variety of the offerings Sber announced, SmartMarket platform will be available for creating apps on the lines of AppStore and Play Store.

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