Raiffeisen Bank takes the development of Internet banking in Ukraine – media

Raiffeisen Bank переносит разработку интернет-банкинга в Украину - СМИ

Austrian banking group Raiffeisen Bank International AG (RBI), which has a network of affiliated banking institutions in 13 countries of Central and Eastern Europe, moves to develop its digital banking in Ukraine.

“Software developers (IT was divided into 30 small, flexible groups) for some time working on relevant applications under the General title Digital Banking Engine. The team in Vienna included 45 people, 33 of whom are, according to the press-Secretary of the RBI, domestic workers, and the rest external. However, in late may, the project was transferred to Ukraine”, – stated in the article entitled “IT-work: Raiffeisen Bank transfers digital banking in Ukraine”.

It is noted that IT staff were informed RBI about the transfer of these works in Ukraine on may 25. Given this, the IT team in Vienna are now afraid to lose his job. In the Bank group, however, assured that they intend to keep “internal” employees and bring them to another project, and will take care of “external”.

According to the newspaper, the development of the “engine of digital banking” instructed Ukrainian startup Edenlab, which has a strong IT team and “cleverly” works.

Author Renate Graber asked why the project prepaired in Ukraine, because RBI has subsidiaries in 12 countries. However, she recalled that the RBI Board member responsible for retail banking business, is a Ukrainian Andrey Stepanenko.

The press service of the RBI explained that Ukraine has a highly qualified team, and the project “will be 100 percent daughter of the RBI”. At the same time, the press Secretary of the Austrian banking group did not comment on whether the RBI buys Ukrainian Edenlab.