Russian Agricultural Bank received the FINAWARD prize for electronic signature technology

02 September 2020

Russian Agricultural Bank (RusAg, the Bank) presented PayControl electronic signature technology for individuals, integrated into mobile and Internet banking. The joint development of SafeTech and RusAg won first place in the FINAWARD in the category “Implementation in the field of information security or anti-fraud service”.

“Russian Agricultural Bank became the first bank in Russia to introduce a full-fledged mobile electronic signature in remote banking services for individuals. PayControl technology allows customers to confirm transactions created in any digital channels with a high level of security and convenience”, Andrey Kuptsov, Head of the Card Business and Remote Banking Services Department at RusAg, said. 

FINAWARD is an annual award for innovations and achievements of the financial industry, established by the Banking Review media project. This year the tenth prize was awarded. By tradition, winners in 13 nominations were determined by the expert council, which included 111 people, including analysts, bankers and representatives of the infrastructure of the Russian financial market. The voting results were checked by the independent auditor of FBK Grant Thornton.

The Financial Industry Innovation and Achievement Award was established by the Banking Review business magazine in 2012. Since 2019, the award has acquired a new brand – FINAWARD and an official audit of vote counting in competitive nominations. Award winners in competitive nominations are determined by an expert council of representatives of the Russian financial community. In the framework of out-of-competition nominations, banks, financial companies and their projects are awarded for individual achievements in the Russian financial market during the reporting period.