Laws related to financial consulting have been adopted. Now robotic approaches to financial consulting are developing. At the same time institutes are being created that boost the trust on this market. <…> Individuals who are going beyond their ‘safety bag’ in their savings are very rationally looking for a right profitability, and it can be found on the capital market — Sergey Shvetsov, First Deputy Governor, Bank of Russia .
The first reason is that we opened digital sales channels. 70% of accounts are opened digitally. <…> The second reason is that the legislation has improved, there are now many different benefits for investors. Especially I would like to highlight individual investment accounts. For the moment we have 800,000 such accounts. We hope that by the end of the year this number will reach 1 billion. The third reason is the key interest that has been decreasing for five years already — Yuriy Denisov, Chairman of the Management Board, Moscow Exchange.
There is a common trend of deposit rate decline, increasing literacy [of the population], there are some regulatory changes; however, the main, revolutionary, factor is the emergence of technological platforms that democratize access to financial instruments — Oliver Hughes, Chairman of the Management Board at Tinkoff Bank.