Office opening hours will change in November due to holidays.

Translation. Region: Russian Federation –

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

Dear customers!

We would like to inform you that due to the holidays, the operating hours of JSC Solid Bank offices in November will change:

01.11.2025 (Saturday) – pre-holiday day, working hours are reduced by 1 hour, 02-04.11.2025 (Sunday – Tuesday) – days off, from 05.11.2025 (Wednesday) – all bank offices, except for offices in the cities of Kazan and Almetyevsk, work in standard mode.

Additionally, in connection with the celebration of the Constitution Day of the Republic of Tatarstan, changes have been made to the working hours of JSC Solid Bank in Kazan and Almetyevsk: 05.11.2025 (Tuesday) – pre-holiday day, working hours are reduced by 1 hour, 06.11.2025 (Wednesday) – day off, from 07.11.2025 (Thursday) – offices in Kazan and Almetyevsk are open standard mode.

Please take this information into account when planning your visit to the bank's offices.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Solid Bank launched a children's payment sticker.

Translation. Region: Russian Federation –

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

Solid Bank has introduced and launched a new payment sticker to make paying for purchases even easier. The sticker is available for the DetKA children's card, which offers 10% cashback on purchases in the most popular categories among children and teenagers:

• 7832 – cinemas,

• 5814 – fast food establishments, snack bars, buffets,

• 5815 – Digital goods – audiovisual media, including books, films and music,

• 7996 – amusement parks, circuses.

Just stick the sticker to your smartphone, and you'll always have a convenient payment tool at hand! Payments are just as fast as with a card.

This children's sticker features an interesting and vibrant design – it's made in the shape of a dog's paw.

Sticker issue – 950 rubles.

To obtain a payment card, please visit a bank office. The bank has a presence in 17 Russian cities: Almetyevsk, Blagoveshchensk, Vladivostok, Yekaterinburg, Yelizovo, Izhevsk, Irkutsk, Kazan, Krasnoyarsk, Moscow, Novosibirsk, Petropavlovsk-Kamchatsky, St. Petersburg, Tula, Ufa, Khabarovsk, and Yakutsk.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Financial News: Inclusion in the Unified Register of Investment Advisors (out-of-the-box solution for financial institutions)

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Members of the management bodies and employees cannot be (paragraph 1 of Article 10.1 of Law No. 39-FZ):

Persons who acted as the sole executive body at the time the organization committed violations for which licenses for the relevant types of activities were cancelled (revoked), or violations for which the said licenses were suspended and the said licenses were cancelled (revoked) due to failure to correct these violations, if less than three years have passed from the date of such cancellation (revocation). Persons who acted as the head of a branch of a foreign insurance organization at the time the organization committed violations in the activities of such branch for which the foreign insurance organization's license to conduct insurance activities was revoked, or violations for which the said license was suspended and the said license was revoked due to failure to correct these violations, if less than three years have passed from the date of such revocation. Persons in respect of whom the period during which they are considered subject to an administrative penalty in the form of disqualification has not expired. Persons who have an unremoved or outstanding criminal record for committing an intentional crime.

The founders (participants) cannot be (clause 1 of Article 10.1-2 Law No. 39-FZ):

individuals who have an unremoved or unexpunged conviction for committing an intentional crime.

Requirements for the organizational and legal form (clause 1 of Article 10.1-1 Law No. 39-FZ):

business company; a legal entity created in a different organizational and legal form (in cases stipulated by federal laws).

To the internal control system – paragraph 2 of Article 10.1-1 Law No. 39-FZ

To the risk management system – paragraph 4 of Article 10.1-1 Law No. 39-FZ

Measures to identify conflicts of interest – paragraph 5 of Article 10.1-1 Law No. 39-FZ

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Financial News: Inclusion in the Unified Register of Investment Advisors (ERIS) (out-of-the-box solution)

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Members of the management bodies and employees cannot be (paragraph 1 of Article 10.1 of Law No. 39-FZ):

Persons who acted as the sole executive body at the time the organization committed violations for which licenses for the relevant types of activities were cancelled (revoked), or violations for which the said licenses were suspended and the said licenses were cancelled (revoked) due to failure to correct these violations, if less than three years have passed from the date of such cancellation (revocation). Persons who acted as the head of a branch of a foreign insurance organization at the time the organization committed violations in the activities of such branch for which the foreign insurance organization's license to conduct insurance activities was revoked, or violations for which the said license was suspended and the said license was revoked due to failure to correct these violations, if less than three years have passed from the date of such revocation. Persons in respect of whom the period during which they are considered subject to an administrative penalty in the form of disqualification has not expired. Persons who have an unremoved or outstanding criminal record for committing an intentional crime.

The founders (participants) cannot be (clause 1 of Article 10.1-2 Law No. 39-FZ):

individuals who have an unremoved or unexpunged conviction for committing an intentional crime.

Requirements for the organizational and legal form (clause 1 of Article 10.1-1 Law No. 39-FZ):

business company; a legal entity created in a different organizational and legal form (in cases stipulated by federal laws).

To the internal control system – paragraph 2 of Article 10.1-1 Law No. 39-FZ

To the risk management system – paragraph 4 of Article 10.1-1 Law No. 39-FZ

Measures to identify conflicts of interest – paragraph 5 of Article 10.1-1 Law No. 39-FZ

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Taking biometrics to the next level: VTB to launch palm-based payments

Translation. Region: Russian Federation –

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

What is known about VTB's palm-based payment technology?

VTB is proposing to identify customers using palm scans through updated payment terminals – the technology is intended to become an alternative to biometrics. Users will be able to pay with their palms using the following method:

The customer places their hand over the IR sensor on the terminal. The system analyzes their unique fingerprint, including the pattern of capillaries. The bank identifies the customer and finds the card selected for payment. The funds are debited—the entire process takes 10-15 seconds.

It is expected that biometric data will be stored in the Unified Biometric System, and for widespread adoption of the technology, the bank will need to upgrade its acquiring terminals. The exact launch date for palm payments has not yet been set.

Which other banks are implementing biometric technologies in payment services?

The rapid development of biometric payments in Russia began amid the imposition of Western sanctions, which limited contactless payments, causing difficulties for clients. Biometric technologies are already in use at several Alfa-Bank branches, where palm-scan access to safe deposit boxes has been available since 2018, but the technology is only available at the flagship branch.

"Russian banks have managed to resolve the issue of blocked payment apps on iOS. For example, T-Bank clients can now pay via T-Pay, and Sber has launched Bluetooth payments," the expert noted.

Sberbank also launched a biometric smile payment platform in 2023; this service will be available to clients of other banks starting in late 2024. Sberbank also announced the introduction of hand-scan payments through Finpolis. To implement this project, the bank will no longer need to update its terminals or connect to the Unified Biometric System (UBS) to store biometric data. Biometric technologies are also being developed in other countries; for example, in China, you can now pay for a subway ticket with your palm.

10:00 10/14/2025

Source:

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Financial News: Establishing an Insurance Company as an LLC

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

1. Study the necessary federal laws and regulations.

2. Check the organization's compliance with the requirements for authorized capital.

To do this, follow these guidelines: By Bank of Russia Instruction No. 6171-U dated June 28, 2022 "On establishing a list of documents confirming compliance with the requirements for the authorized capital of an insurance organization, a list of documents confirming the sources of origin of property contributed by founders (shareholders, participants) of an applicant for a license to carry out insurance and (or) reinsurance to the authorized capital, and requirements for such information and documents."

Minimum authorized capital Types of insurance activities
300,000,000 rubles Voluntary personal insurance, with the exception of voluntary life insurance and/or voluntary property insurance and/or other types of insurance provided for by federal laws on specific types of compulsory insurance.
450,000,000 rubles Voluntary life insurance or voluntary life insurance and voluntary personal insurance, excluding voluntary life insurance.
600,000,000 rubles Reinsurance, as well as insurance in combination with reinsurance.
120,000,000 rubles For insurance companies providing exclusively compulsory medical insurance.

3. Check officials for compliance with legal requirements.

The list of persons, as well as qualification and other requirements for these persons are provided for in Article 32.1 Law No. 4015-1.

To perform the check, we recommend using:

4. Select a unique name and include it in the legal entity's charter and the Unified State Register of Legal Entities.

To check the names already in use, we recommend using unified state register of insurance entities. It is also necessary to comply with the naming requirements specified in Article 4.1. Law No. 4015-1.

The name must contain The organizational and legal form of the insurance entity.
The type of activity of the subject of the insurance business using the words “insurance”, “reinsurance”, and derivatives of these words.
A designation that individualizes the subject of insurance business.
An indication that the joint-stock company is public (for public joint-stock companies).

In the event that the insurance supervisory authority refuses to issue a license or returns an application for a license, a legal entity whose name contains the words “insurance,” “reinsurance,” or their derivatives is required to exclude them from its name and make appropriate changes to its charter or resubmit the documents within 90 working days from the date of the relevant decision.

5. Pay the state fee for performing legally significant actions.

The state duty amount is 7,500 rubles.Details for payment of state duty

In order to minimize errors when entering information, we recommend using Payment order designer.

6. Activate personal account of an information exchange participant and send a set of documents to the Bank of Russia.

7. Obtain a license to carry out insurance and reinsurance.

When making a decision on issuing a license, information about the subject of the insurance business is entered intoUnified State Register of Insurance EntitiesThe license is valid from the day following the day the Bank of Russia makes a decision to issue it.

The license for insurance and reinsurance in the form of an extract is sent through the personal account.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Time limits in SolidPAY

Translation. Region: Russian Federation –

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

Dear customers!

Applications for connecting to the SolidPay mobile application are not being processed due to technical reasons.

All applications sent by email card2@solidbank.ru, are recorded and monitored until the software is restored.

There is no need to re-submit applications to connect the service.

Transfers between customer accounts made in the SolidPay mobile app may also not be processed.

Once your applications have been processed, you will receive feedback via reply letter.

We apologize for the inconvenience.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Solid Bank presented optimal routes for foreign exchange transactions at a conference on foreign economic activity.

Translation. Region: Russian Federation –

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

On October 9, the "Navigator of Payment Solutions for Foreign Economic Activity" conference, organized by Tochka Sborki, was held in Yekaterinburg. Solid Bank not only actively participated but also became a platinum partner of the event. The bank was represented at the conference by its specialized division, the Department for the Development of Foreign Economic Activity.

The conference provided a platform for participants—experts in foreign economic activity—to exchange opinions, experiences, and working strategies and tools. As foreign economic activity has faced various challenges and pressures in recent years, the main topic of the conference was solutions for effectively managing risks and difficulties in this sector.

Speakers at the event included heads of regional, federal, and international companies, representatives of banks and investment companies, and representatives of the Ural Chamber of Commerce and Industry.

Sergey Aleksandrovich Merkulov, Head of Foreign Economic Activity at Solid Bank, was among the event's speakers. His presentation was titled "Optimal Routes for Currency Transactions." In his report, he discussed the bank's direct payment capabilities, the agency model, and interactions with non-residents.

"Uncertainty is the main pain point in international payments: unclear deadlines, unpredictable fees, the risk of blocking, and doubts about the payment's success. At times like these, it's especially important to find reliable providers in the world of currency payments," said Sergey Alexandrovich, describing the current situation with international payments.

Another representative of SOLID Financial House, Vladislav Georgievich Dyachenko, Director of the Yekaterinburg Representative Office of JSC IFC SOLID, continued the discussion. At the conference, he covered the topic of "Hedging Currency Risks in Yuan."

These two presentations can be considered complementary, and they revealed not only general trends and challenges in foreign economic activity, but also the practical experience and case studies of the two partner companies.

The conference featured a wealth of useful and expert information, practical solutions, and exciting opportunities. Participants noted the relevance of the discussion topics and the timeliness of the solutions and plans presented.

Participation in the foreign trade conference was a significant event for Solid Bank – it allowed it to share experiences, receive feedback from the professional community, present exclusive foreign trade solutions to colleagues and potential partners, and establish new business contacts. The bank will continue to develop its activities in this area, which it plans to share at future industry events.

Reference information

Solid Bank JSC is a universal commercial bank founded in 1991 in Kamchatka. In 2017, the head office was relocated to Vladivostok. The bank has offices throughout the country: in the Far Eastern Federal District, Siberian Federal District, Tatarstan, Udmurtia, Bashkortostan, Moscow, Tula, Yekaterinburg, and St. Petersburg. The majority of offices are located in the Far East. For over 30 years, Solid Bank JSC has been providing a full range of services to businesses and private clients. General License No. 1329 of the Central Bank of the Russian Federation dated May 25, 2017.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Test your level of financial literacy!

Translation. Region: Russian Federation –

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

The Bank of Russia is holding the All-Russian Online Financial Literacy Test from October 7th to 28th. We invite everyone interested in finance to participate!

Participants will be able to test their knowledge in the areas of personal finance, investments, banking products, and financial fraud protection. They will also receive new information and personalized recommendations on the topic.

The Bank of Russia offers several types of checks: • personal test – it will take about 20 minutes to complete, • family test – it will take about an hour to complete.

There's no limit to the number of attempts you can take the test. Those who successfully complete the tasks will receive a personalized certificate!

Get your kids involved! We've developed a test for them too. The tasks are designed in an interactive format, based on real-life situations. So, taking the test will be not only useful but also engaging! They'll also earn a certificate to add to their portfolio of achievements.

The test is conducted on the FinZachet project website.

TAKE PART!

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

The mechanism has been revealed – salaries in digital rubles have been credited in Russia for the first time.

Translation. Region: Russian Federal

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

Who was the first in Russia to receive a "digital" salary?

The first recipient of a salary in the new currency was Anatoly Aksakov, head of the State Duma Committee on Financial Markets. The parliamentarian noted several features of working with the digital ruble, which he was able to test in practice:

The Central Bank of the Russian Federation account is displayed in the bank's standard app; the account balance and completed transactions—debits and credits—can be viewed. Aksakov paid with the new currency at a cafe, although payments are only accepted at locations that have configured digital rubles. Transferring funds through online banking was also straightforward. The parliamentarian also tried transferring funds to a regular account and then withdrawing them from an ATM—no difficulties were encountered.

"Working with the digital ruble is done through the bank's app—no additional software is required," Aksakov noted.

The head of the Financial Markets Committee decided to personally participate in the experiment in order to independently evaluate the procedure for working with the new currency and demonstrate the mechanism to Russians.

How is the digital ruble experiment going?

The digital ruble is expected to be launched next year, while the Central Bank of Russia continues to experiment and test transactions with Russian citizens and businesses. The pilot is being conducted in several stages:

Testing began in the summer of 2023 with a limited number of participants; by the end of 2024, 9,000 Russians and over 1,000 companies had joined the experiment; by the summer of 2025, over 100,000 transactions had been conducted with the digital currency; the total number of transfers exceeded 63,000, payments – 13,000, and smart contract transactions – 17,000; in September, salaries were credited in digital rubles for the first time; later, some students received scholarships in the new currency.

However, public reaction to the introduction of the digital ruble remains mixed: about half of Russians see no advantages in using the new currency. Citizens believe that using the digital ruble will entail increased risks and increased government oversight.

12:00 07.10.2025

Source:

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.