Russian retailers test facial-payment technology, possible rollout in 2020

March 24, 2020

Russia is testing facial-payment technology at supermarkets and could roll it out on a large scale by the middle of the year. VTB, Russia’s second-largest lender, is testing the technology in the Lenta supermarket chain, the head of the bank’s digital division told Izvestia. Promsvyazbank, another Russian lender, is holding talks to launch the technology in …

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St. Petersburg clinical software developer offers free EDC for all COVID-19 trials

March 23, 2020

Saint-Petersburg, Russia – Data MATRIX, an eClinical software developer, announces free access to its proprietary electronic data capture (EDC) system to run COVID-19 trials in 2020.  Recognizing the latest update from the World Health Organization, with the total count of people diagnosed with coronavirus surpassing 200,000, over 8,000 of whom have died, Data MATRIX’s team could not …

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Russian video streaming platforms gain speed

March 23, 2020

As the Russian video streaming service segment is booming. The major players are securing funding and launching original content production. Last month, Russia’s largest video streaming platform, ivi.ru, said it is considering an IPO on Nasdaq by the end of this year with JP Morgan Chase underwriting the floatation, bne IntelliNews reported in February. Back in 2018, ivi.ru CEO …

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Dating.com Group launches $50 million corporate VC fund

March 23, 2020

International dating giant Dating.com Group has launched a $50 million corporate venture fund, the group’s co-founder Dmitry Volkov announced last week at an industry event in New York City.  The new vehicle will invest “up to $5 million” in online dating companies from the seed to Series B stages. The Dating.com fund has already made an …

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Russian culture, education and entreprise software available online for free in times of quarantine

March 20, 2020

As Russians prepare to life in times of epidemic, a variety of organizations have made their offerings available online for free. Here are a few examples, as reported by Inc. Russia:  Online education platform Netology, a property of Russian billionaire Alexey Mordashov, is offering free access to its video courses on marketing, business and design. …

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Russian tech majors switch to home working amid mounting coronavirus fears

April 6, 2020

While the Russian authorities’ preventive measures for coronavirus have not been as strict to date as those enforced in China, Western Europe and the USA, a number of Russian businesses have already taken action. Thus, the end of last week saw several major tech companies invite their office employees to work from home. Yandex, the local …

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Former Russian e-commerce leader Ulmart under bankruptcy procedure

March 19, 2020

Ulmart, the former Russian e-commerce leader, is going bankrupt after three years of dire shareholder disputes.  Founded by Alexey Nikitin in St. Petersburg in 2008, Ulmart developed a hybrid online-offline model: “part IKEA and part Amazon,” as former CEO Sergey Fedorinov put it. In its best days, the company had nearly 50 urban and suburban …

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Facebook, Twitter remove Russia-linked fake accounts targeting Americans

March 23, 2020

Social-media giants Facebook and Twitter say they have removed a number of Russia-linked fake accounts that targeted U.S. users from their operations in Ghana and Nigeria. Facebook on March 12 said the accounts it removed were in the “early stages” of building an audience on behalf of individuals in Russia, posting on topics such as …

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FBI arrests Russian behind Deer.io, a Shopify-like platform for cybercrime

March 11, 2020

The FBI has arrested a Russian national believed to be behind Deer.io, a Shopify-like platform that hosts online stores where hackers advertise and sell hacked accounts and stolen user information. The suspect, named Kirill Victorovich Firsov, was arrested on Saturday, March 7, at the John F. Kennedy Airport, in New York. US officials say Firsov …

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Severstal goes digital: $100 million to be invested in 2020

November 12, 2020

Last week Severstal, the Russian steel giant, announced it will invest this year 6.7 billion rubles (roughly $100 million) in IT and digital projects, up 7% from 2019. The group’s projects for 2020 span from “new solutions for managing material flows and optimizing the quality of finished products” to building “new technological networks to improve …

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US Justice Department indicts Russian national Yevgeniy Nikulin in major cybercriminal offenses

March 12, 2020

The US Department of Justice indicted Russian national Yevgeniy Nikulin in several major cybercriminal offenses, such as stealing personal identities, usernames and credit card information of customers  from Formspring, LinkedIn and Dropbox. Nikita Kislitsin, an employee of a cybersecurity firm with offices in Moscow and Singapore Group-IB is an alleged co-conspirator in the Formspring 2012 …

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After Belarus and Ukraine, Russian gaming giant Playrix acquires studio in Armenia

March 5, 2020

Playrix, a global Russian-founded gaming giant, announced today the acquisition of Armenian game studio Plexonic. The terms of the deal have not been disclosed.  The Yerevan-based team, still led by Plexonic’s founder and CEO Gevorg Sargsyan, has already started developing a new casual mobile game, according to a corporate statement.  “Together with the talented Plexonic team, we will …

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