VTB & Rostelecom: Develop “first” universal geoplatform in Russia

  • Implementing the first universal geoplatform in Russia based on the analysis of depersonalized data using automatic machine learning (Auto ML)
  • It enables the forecasting of demands, customer flows and other factors in specific locations
  • Geoplatform products, which evaluate and predict the flow of customers and place targeted advertising
  • The geoplatform already available in 50 major cities in Russia can use it to assess locations with an area of 500 by 500 meter
  • The geoplatform will compare 170 layers of depersonalized data from the banking sector
  • VTB and Rostelecom’s geoplatform technologies can be useful for companies across different sectors ranging from retail, food
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

UK MPs Call for Royal Commission to Strengthen Financial Conduct Regulation

Parliamentarians emphasize the need for improved oversight in the financial sector.Highlights: UK MPs demand a Royal Commission to...

Experian Launches Credit Score App in ChatGPT, Enhancing Financial Access

New tool enables users to check credit scores effortlessly via ChatGPT.Highlights: Experian's app allows users to check credit...

US Senate Passes Bill Banning Issuance of CBDCs

Legislation aims to restrict the development of digital currencies by the Federal Reserve.Highlights: The US Senate approved a...

Truist Expands Open Banking Offerings with Plaid Partnership

Collaboration aims to enhance customer access to financial services.Highlights: Truist collaborates with Plaid for open banking expansion.The partnership...