Sberbank of Russia is the New Rainforest of Digital Services
Sberbank (MCX: SBER) is the largest credit institution in Russia and CIS, accounting for 26% of the aggregate Russian banking assets and 30% of banking capital. And yet, the Soviet Union's only savings bank worried about its global eminence as its customers were going digital with smart digital products. But now the story is halfway through, and you get to see how it undertook digital transformation and learn about its breakeven goals leading to omnipresent dominance.
To hold back the tech industry from overpowering control, the giant lender to be an equal impact participant in the ecosystem considers following China in bringing together 40+ companies onto a super app. According to Lev Khasis of Sberbank, the move also ascertains national security helping Russia stay independent of wester...