Tinkoff Bank becomes co-founder of the Big Data Association

Moscow, Russia — 18 October 2018.
Tinkoff Bank joined forces with Mail. Ru Group, oneFactor, MegaFon, Sberbank and Yandex to set up the Big Data Association in an attempt to set the stage for promoting big data technology and products in Russia.

The Association’s Board includes representatives of all the founding companies: Elena Bunina (Yandex), Valeria Pavlyukova (Tinkoff Bank), Anton Malginov (Mail. Ru Group), Roman Postnikov (oneFactor), Dmitry Petrov (MegaFon), and one independent member, Mikhail Dubin (Development Centre for Advanced Technologies).

The Association members will work together to develop uniform principles and standards for big data processing, storage, transfer and utilisation. Their efforts will serve as a foundation for big data management policies to be adopted by each member. The Association’s priorities include drafting a business-oriented big data market development strategy, improving technical and operating efficiency of interactions between industry players, and developing ethics codes to protect users.

«This is the right time for setting up the Big Data Association, as it will help key market players, industry experts and the government join in their efforts to work out uniform standards for big data interactions. At Tinkoff Bank, we have built robust expertise in this area, which we would like to share with other companies and the regulator to help make the decisions that will drive economic growth," commented Valeria Pavlyukova, Deputy Chairman of the Board, CLO at Tinkoff Bank.

About the Group

TCS Group Holding PLC is an innovative provider of online retail financial services operating in Russia through a  high-tech branchless platform. TCS Group includes Tinkoff Bank, mobile virtual operator network Tinkoff Mobile, Tinkoff Insurance, and Tinkoff Software DC, a network of development hubs across Russia.

The Group was founded in 2006 by the Russian entrepreneur Oleg Tinkov and has been listed on the London Stock Exchange since October 2013.

With no retail branches, the Group serves its customers remotely via online channels and its call centre, and operates a network of over 2,500 representatives to ensure smooth delivery of its products. The network covers all of Russia and allows next day delivery to most customers.

The Group’s key business is Tinkoff Bank, Russia’s first and only direct bank offering both own brand and partner retail financial services via its Tinkoff.ru platform. The product range includes daily banking (credit and debit cards, payments, money transfers), savings, investments, loyalty programmes, travel services, SME services, mortgage platform, and insurance. With its special focus on mobile business, the bank offers mobile applications both for its customer base (Mobile Bank) and beyond it (Traffic Fines, MoneyTalk, Card 2 Card instant money transfers).

As at 1 May 2018, the bank was the second largest player in the Russian credit card market, with a market share of 11.7%. The 1Q18 IFRS net income of TCS Group Holding PLC amounted to RUB 5.7 bn, ROE grew to 68.5%.

Banki.ru, Russia’s largest financial news portal, named Tinkoff Bank the Bank of the Year 2016. In October 2016 Tinkoff Bank was named the largest independent global direct bank by Frost & Sullivan. In 2015 and 2016, the Global Finance magazine named Tinkoff Bank as the Best Consumer Digital Bank in Russia. In 2016, the bank also won Global Finance’s Best Integrated Consumer Bank Site award and was named the Best Digital Bank in the CEE by Euromoney. The bank’s mobile application was recognised as the best in Russia by Markswebb Rank & Report for three consecutive years in 2014, 2015 and 2016, and by Deloitte for four consecutive years from 2013 to 2016.