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03.10.2014

Center-invest Bank Exhibits at Sibos in Boston

More than 7,000 delegates from around the world took part in this year’s Sibos forum, which was held from 29 September to 2 October in Boston. The event, organised by the SWIFT international payment system1, includes the world’s largest exhibition of banking technologies.

Visitors to the Center-invest Bank stand could obtain information materials about the bank and copies of the new book by the Chairman of the Board of Directors, Dr Vasily Vysokov, “Transformational Banking: made in Russia”. In addition, Dr Vysokov presented new banking technologies and products during discussion sessions, and the bank’s representatives met with partners and investors.

Meetings were held with representatives of banks from BRICS countries to discuss their involvement in a conference for young academics that the Southern Federal University (Rostov region) plans to hold in September 2015, “Cooperation Between Regions of the BRICS Countries: Objectives, Opportunities, Prospects”.

Sibos is a useful forum for banks from different countries to expand their contacts. However, unlike politicians, banks are required to find creative solutions. From the meetings and conversations it was clear that not only does Center-invest Bank keep abreast of developments in banking, but in many respects it is at the cutting edge of new trends. Dr Vysokov’s ideas about the new transformational banking business model, based on creative solutions for sustainable long-term development, were very well received, and delegates praised the bank’s social and educational programmes. Center-invest Bank was invited to join a number of creative teams set up by various banks.

Center-invest Bank will continue to work with its partners, both long-standing and new, to finance the modernisation projects of southern Russia’s SMEs and to further develop payment and settlement operations on the basis of modern information technologies. The bank will also expand its contacts with a view to further developing operating systems and compliance in line with new regulatory requirements.

1 — SWIFT (Society for Worldwide Interbank Financial Telecommunications) is an international interbank system for information communications and payments. It is a member-owned cooperative, founded in accordance with Belgian law. Its head office is in Brussels. More than 9,000 banks from 209 countries (2010) belong to SWIFT. In total, it has more than 10,000 members, including approximately 1,000 corporations.