Dear participants and guests of Forum of Innovative Financial Technologies FINOPOLIS 2016!
Russia's financial market is very young, but in less than 20 years we managed to achieve what other countries have struggled with for many decades. Still, we understand that the ever-changing world constantly presents the economy's modern demands for financial services and opportunities for financial sector to apply the new technology. We live in very interesting times witnessing how advanced technology eliminates traditional business models that have governed financial sector for centuries. Russia cannot and must not be on the sidelines of this process. We will have to address a great deal of issues for the Russian financial sector to stay competitive, to be able to meet the demands of national economy and to withstand various shocks.
In a few years digital services will significantly improve the quality of competition in financial sector and performance of finance brokers, while remote financial services distribution channels will make these services readily available for consumers. I hope, that the Finnopolis 2016 Forum will become a permanent venue bringing financial and IT industries, business community and regulators together.
I am certain that Russian financial market has great development potential and continues to play an important role ensuring economic growth and prosperity of Russian citizens.
I invite the stakeholders to participate in the Finopolis 2016 Forum. I am confident the forum will prove to be rewarding and successful.
I am happy to welcome the participants and guests of the Forum of Innovative Financial Technologies FINOPOLIS 2016.
Information technologies influence the economy of the country and life of its citizens progressively year by year. Under contemporary conditions, no industry goes without using IT solutions already, and the financial sector is not an exclusion.
Today IT is our youngest and at the same time already one of the most successful industries. The performance of one IT specialist exceeds two million rubles per year and the whole industry increases export of Russian IT products and services year by year.
However, today the whole world uses solutions of only a few companies by major types of user, office and infrastructural software. Dependence on imports in these niches makes up 90% and more. We are committed to demonopolization of global software market and we want the share of one market player not to exceed 50% by each direction of infrastructural software in the nearest years.
I expect the implementation of modern IT solutions, development of digital economy together with support measures directed to export breakthrough of Russian IT solutions will become new drivers of growth of the financial sphere in the nearest time.
I hope that the Finopolis Forum 2016 will be conducted with the same success as the last year and will preserve the role of a unique international site for presentation of new products and infrastructural solutions referring to financial market digitalization, for exchange of experience and discussion of modern trends in optimization of cooperation of the Bank of Russia, governmental authorities and financial market participants.
I wish the participants and guests of the forum an efficient work and constructive discussions!
Tatarstan is glad to be the host of the Forum of Innovative Financial Technologies FINOPOLIS 2016 for the second time.
Last year, it became the platform, where the professionals in the field of financial technologies were brought together to discuss the global innovative challenges. Within the framework of the event, the participants will be able to assess the results achieved over this year and discuss the development of IT and financial industries.
Today, an important indicator of investment climate in the region is the development of small and medium businesses. Entrepreneurship support is one of the priorities of our work. It is a welcome fact that the FinTech Startups Contest takes place within the Forum, and one of its tasks is to assist the beginning businessmen.
I am sure that the FINOPOLIS 2016 Forum will be successful and fruitful for all its participants, and it will become a good tradition to hold it in Kazan.
Welcome to Tatarstan!