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Moscow Exchange Marketplace

Product
Developers: Moscow Exchange (MICEX-RTS), Central Bank of the Russian Federation
Date of the premiere of the system: 2018/06
Last Release Date: 2022/05/30
Branches: Internet Services,  Financial Services, Investments and Auditing
Technology: Remote Banking Systems

Content

Marketplace will provide individuals located anywhere in the world with the opportunity to see online offers from the Russian financial institutions (banks, managers insurance and companies), compare them with each other and remotely acquire them. The client will be able to receive information in his personal account about all products purchased through the marketplace and remotely manage them.

2019

Joining the VTB Housing Ecosystem platform

On December 24, 2019, VTB announced that VTB Housing Ecosystem will become the second pilot mortgage platform in the Bank of Russia Marketplace project. Its participation in the project will make the process of concluding a mortgage lending agreement remote, fast and reliable.

Joining the Marketplace project of this pilot platform expands the range of organizations involved in improving regulation, which will allow taking into account different business models used in the financial market.

With the participation of mortgage platforms, the configuration of a fully digital mortgage product is being worked out, after which appropriate amendments to the legislation will be prepared. Consumers will be able not only to remotely issue a mortgage loan agreement in partner banks connected to Marketplace, but also to conclude related insurance contracts. In addition to mortgage lending, this platform provides non-financial services that allow you to make a "full cycle" of real estate transactions - buying and selling and transferring housing for rent, real estate valuation, repair, design services, furniture purchase, cleaning and other related services. This will allow consumers to get the widest possible opportunities for optimal selection of the services and products they need.

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Many banks are starting to work in the format of marketplaces, while most of them are focused on the b2c segment. We want to build a system by creating services not only for customers, but also professional tools for partners - developers, realtors, repair firms, furniture stores. This will allow consumers to get the widest possible opportunities for optimal selection of the options, services and products they need. Our participation in the Bank of Russia marketplace is one of the most important steps in this direction,
comments Vyacheslav Dusaleev, General Director of VTB Housing Ecosystem LLC
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CFT solution for ABS interaction with the Bank of Russia Marketplace

On April 8, 2019, CFT presented a cloud solution to customers for the interaction of ABS with the "Marketplace" of the Bank of Russia. Read more here.

2018

21 financial market participants joined the project

On October 18, 2018, the Moscow Exchange signed a memorandum of cooperation in Sochi with financial market participants, the purpose of which is the joint development of the Marketplace project.

The memorandum was signed by the heads of the Moscow Exchange, National Settlement Depository (NSD, part of the Moscow Exchange group),,,,,,,,,,,,,, news AKB "AK BARS" Banka Zenit Gazprombank Otkritie FC Bank Promsvyazbank Rosbank Rosselkhozbank Sviaz-Bank Special design bureau Bank Sovcombank Tinkoff Bank Uralsib Bank KB "Center-invest" ExpoBank agency,, portal "," "Банки.ру""," "Infinitum"Сравни.руUnicom service Fins.Money.

The Moscow Exchange acts as the operator of the Marketplace project platform, which provides identification of individuals, determines their risk profile, provides the possibility of remote conclusion of contracts for the purchase of financial products and services and their payment, and also sends information about transactions to the registrar of financial transactions, the functions of which are performed by NSD. The record of transactions made in the register will have the status of legally significant. The portals "Банки.ру" and "Сравни.ру," the company "Unik," the special depository "Infinitum," as well as the service Fins.Money plan to become client showcases of the project, which will receive offers from financial organizations from the platform and broadcast information about products to customers.

As told in the Moscow Exchange, at the first stage, customers will be given access to bank deposits, including remote opening of deposits using the biometric identification system. At this stage, a limited number of participants can be connected to the platform - up to 20 credit institutions.

In the future, units of mutual funds (mutual funds), government bonds, as well as insurance and credit products will become available to retail customers.

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The creation of a digital Marketplace for financial products should significantly increase the availability of services, the effectiveness of financial planning of citizens. The task of the Moscow Exchange is to create a platform that will connect market participants and ensure the remote conclusion and execution of contracts for a wide range of services and tools. At the same time, financial institutions receive new distribution channels and a single channel for settlements using the usual services of the Moscow Exchange and NSD. The project is joined by the largest Russian banks and storefronts of financial services. I am sure that together we will create a working platform for our citizens, "said Alexander Afanasyev, Chairman of the Board of the Moscow Exchange.
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Prototype

In June 2018, the Bank of Russia and the Moscow Exchange presented a prototype of the Marketplace, which made it possible to open a deposit in test mode - so far without cash flow.

2017: Project Idea

The initiator of the creation of the Marketplace in 2017 was the Bank of Russia together with market participants.