Raiffeisen Bank has shifted the development of online banking to Ukraine

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Banking software will now be developed in Ukrainian IT-company

The largest bank in Austria transferred the development of digital banking to Ukraine. Photo: reuters.com

The Austrian banking group Raiffeisen Bank International (RBI), which includes the Ukrainian Raiffeisen Bank Aval, has shifted its digital banking development to Ukraine. it is reported Interfax With reference to the Austrian version Der standard.

“Software developers have been working on applications called Digital Banking Engine for a while. The team consisted of 45 people in Vienna, of which 33 were internal employees. However, in late May, the project was transferred to Ukraine. On 25 May IT staff were informed about this.

It is noted that the Ukrainian IT company EdenLab will be engaged in further development.

Raiffeisen Bank International is an international banking group headquartered in Vienna. It has approximately 47 thousand employees, 16.7 million customers and about 2 thousand branches, most of which are located in Central and Eastern Europe.

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We had previously written that Raiffeisen Bank would start using digital currency in pilot mode to speed up cross-border operations. The bank will launch a new form of token of national currency using blockchain technology developed by Billon. The RBI coin will be supported by the euro or any other national currency of the countries of Central and Eastern Europe in the ratio of 1: 1. They plan to use the currency for the transfer and storage of funds to corporate and institutional customers.

Read: Top 8 trends of digital payments in 2020


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