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March 11, 2019, 4:25 p.m. EDT

Russian Federation : Sberbank Private Banking launching new investment advisory platform

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Mar 11, 2019 (Euclid Infotech Ltd via COMTEX) -- Sberbank Private Banking (SPB) and Refinitiv have announced the start of work to develop a new investment advisory platform. New digital technology will complement expertise provided by investment consultants and analysts, automate the processes of creating and maintaining client portfolios, and make managing investments more efficient. The new platform will bring together three sets of data: market data provided by Refinitiv (formerly the Financial and Risk business of Thomson Reuters), investment expertise provided by the specialists of SPB (a unit of Sberbank), and the latest data on the clients portfolio. New technological solutions will allow SPB to meet the standards and requirements of the Central Bank of Russia for updated regulation of investment advisory services.

The first stage will be launched in mid-2019. Investment advisors will be able to analyse the latest information about each client, such as yield and a breakdown of financial operations, carry out stress tests, compare existing portfolios with modelled ones, and suggest rebalancing if necessary. Thanks to the new platforms automated analysis, SPBs investment advisors will be able to offer the banks clients a new systemic approach to creating individual strategies. In 2020, during the second stage of the project it is planned to significantly broaden the functionality of the platform to make it available to clients for independent analysis. After the third stage is launched, it will be possible to carry out the complete cycle of investment portfolio management from viewing and analysing the portfolio to buying and selling online. The new investment advisory platform will serve as a convenient analytical tool that will make investing more transparent and better structured. It will allow a uniform approach to be taken when advising SPB clients that takes into account their individual investment preferences. This tool will give the banks clients the ability to clearly assess different portfolio management and structuring scenarios.

Yevgenia Tyurikova, Head of Sberbank Private Banking: Digitalisation has come to private banking, a segment that is very sensitive to the human factor. We are sure that our new technological platform will become an efficient tool that reinforces the expertise of our bankers and investment advisors. These improvements will take investment advisory services to the next level.

Antonio De Gregorio, Managing Director of Refinitiv for CEE, Russia and the CIS: Our technological solutions will allow SPB to reengineer its business processes and achieve complete digital management of client portfolios. This will result in better customer experience thanks to faster response to market movements and a more personalised and proactive service with the transparency required by regulators. We are pleased to see our technology, expertise and data assist banks in becoming more efficient and offering the best possible service to clients.

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