Bank of Russia approves Guidelines for Financial Technologies Development for 2025–2027
Seamless provision of services and their safety for customers will remain the core principles of implementing financial technologies in the next three years.
The regulator will focus on developing the elements of the digital and payment infrastructure, improving the legal framework, and ensuring the technological sovereignty and information security. This is stated in the Guidelines for Financial Technologies Development for
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The regulator plans to further develop the infrastructure and to support the creation of innovative services in a fair and competitive environment. In particular, the opportunities of the biometric customer identification and the digital information exchange among individuals, businesses, the government, and financial institutions will be improved. The Bank of Russia, together with financial market participants, will continue to scale experimental legal regimes and the regulatory sandbox to test and integrate fundamentally new solutions.
Approximate targets and deadlines for achieving them are set out in the road map to the document.