A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Roundtable 1.4. The Digital Transformation of the Financial Sector: Challenges and Opportunities
7 June 2018
15:00—16:30
The impact of technology on all sectors of the economy is constantly growing. Digital technologies and their development are the main driver for financial market transformation, its enhanced competitive ability and better services. Yet, they also create new challenges for the next few years.
Financial landscape is rapidly changing. Financial organizations are busy with digital transformation of their internal processes and business models, which brings them to developing and introducing new technologies on their own, as well as to partnering with IT companies.
At the same time, digitalization requires developing and introducing platform solutions, including remote identification, fast payment, marketplace platforms for financial products and services, as well as distributed ledger based platforms that enable interaction among market participants.
This discussion will focus on market participants’ business models and key drivers of this transformation.
Date
07.06.2018
Forum
International Financial Congress
Started at
15:00—16:30
Conference hall
Manege Central Exhibition Hall, Roundtable hall 3 (second floor)
Analytics on the topic