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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How Can Financial Centres Survive in the Era of FinTech?
6 June 2019
11:00—12:15

The development of financial technologies changes the usual models of provision of financial services, leading to deeper changes in the economic structure of society, including transformation of the existing model of financial centres. Nowadays major IT companies have become the biggest financial institutions, leading to depreciation of localization in the near future. Will financial companies and financiers disappear from the urban environment? What is Moscow’s potential as a centre of FinTech? Competitive infrastructure, legal and tax conditions, reputation, the educational ecosystem, as well as concentration of the financial industry are fundamental advantages of a traditional international financial centre and should be used to promote environment conducive to innovation in a city. In 2018, a representative of the Russian financial market, the Forum Analytical Centre, became one of the co-founders of the international non-profit organization World Alliance of International Financial Centers (WAIFC), bringing together specialized financial industry organizations from Belgium, Canada, China, France, Germany, Kazakhstan, Luxembourg, Morocco, Oman, and the United Arab Emirates. How will the transformation of the financial industry affect the urban economy? Can financial centres become FinTech centres? How can financial centres attract new capital, talent, and technology? What conditions should be created in the cities to support technology and the emergence of ‘unicorns’? Which regulatory models will be effective not only for the financial industry, but also for the society at large? What place on the global technology map does the FinTech sector occupy, and why is it vital for urban development?

Date
06.06.2019
Forum
SPIEF
Started at
11:00—12:15
Conference hall
conference hall (Krasnodar Region stand)
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