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August 9, 2022
Finance Technologies

VTB and Rostelecom to develop “first” universal geoplatform in Russia

VTB, Russia’s second largest bank, has revealed its first project under the new company it created with major telco Rostelecom earlier this year. In March, the two partners registered ‘Big Data Platform’ as a company. It’s understood that the preliminary investment into it by both companies is roughly RUB 1 billion ($12.6 million). “The geoplatform is already available in 50 major cities in Russia” The joint venture is developing what the partners are calling the “first” universal geoplatform in Russia. Depersonalisation The firms say the platform will be based on analysis of depersonalised data. That is, data with encrypted identifiers…
VTB and Rostelecom to develop “first” universal geoplatform in Russia

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