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Sovcombank Technologies

Company


Owners:
Sovcombank - 100%

2022

Inclusion in the US sanctions list

The new extensive US sanctions list, which was announced by US President Joe Biden on February 24, 2022, lists Sovcombank and its GMCS Management, through which the bank owns the GMCS IT company. In addition to it, the technology companies Sovcombank Technologies, Mobile Payments and a number of legal entities included in the group are included in the sanctions list. Read more here.

Russian IT companies that fell under US, EU and British sanctions in 2022-2024 TAdviser map


Map of sub-sanctioned IT companies. Click to enlarge

TAdviser drew up a map of Russian IT companies in 2022-2024. which fell under the sanctions of the United States, the EU and Britain. It included, among other things, the Sovcombank Technologies company. The article about the map can be found here.

Sovcombank in a year created one of the largest IT insourcers in the Russian market

In about a year, Sovcombank gathered a team of about 2 thousand employees in its new insourcing company - Sovcombank Technologies. According to the number of staff, Sovcombank Technologies can be called one of the largest IT-insourcing companies in Russia, according to the TAdviser ranking.

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Sovcombank Technologies serves all companies of the Sovcombank financial group. One of the main tasks of the company is the development of the ecosystem for the Halva installment plan project. Sovcombank Technologies participates in innovative developments using biometrics, chat bots, conversational artificial intelligence and its application in the financial sphere, and also pilots new technologies, "Albert Boris, Deputy Chairman of the Board of Sovcombank, told TAdviser in February 2022. - The company now has about 2 thousand employees in different areas, covering all the IT needs of the group companies.
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The Sovcombank group, which, in addition to Sovcombank Technologies, also includes Sovcombank Insurance, Sovcombank Life, Sovkom Factoring, Sovcombank Leasing and other companies, has over 22 thousand employees, added Albert Boris.

In the office of Sovcombank Technologies "(photo - Sovcombank)"

By the time the new IT insider was created, the Sovcombank group was already attended by an IT company that performed work for internal IT projects: in 2018, GMCS joined the group, which separated from Maykor. The bank for 500 million rubles acquired a 100% stake in G-Em-Si-Es Management (GMCS Management) from the Cyprus-based company G. Um. Xi. Es. Limited. "

The financial statements of Sovcombank in 2021 mention that G-Em-CS-ES Management implements and supports the software[1] A source familiar with the activities of this company says that the company does carry out some projects for Sovcombank, but everything also continues to conduct its usual business: the company has many projects for other customers. Among the latest publicly announced clients on the GMCS website are such well-known companies as Mitsubishi Corporation (RUS), MMK, Hoff, Rusal, Ascona, Leroy Merlin and others.

Sovcombank did not tell whether the Sovcombank Technologies team was formed, including from GMCS employees. According to the interlocutor of TAdviser, who is well acquainted with the activities of GMCS, the transfer of employees from this company to Sovcombank Technologies was not observed, and in the process of their activities the companies do not particularly intersect with each other. Apparently, the Sovcombank Technologies team was formed at the expense of the internal IT teams of other Sovcombank group companies and by hiring employees from the open market.

In the office of Sovcombank Technologies "(photo - Sovcombank)"

As of February 2022, expansion of the Insourcer team is ongoing. The HH recruiting site has opened 225 vacancies in the ICT category. Sovcombank Technologies requires testers, Java developers,.NET developers, system analysts, 1C analysts, information security analysts, banking software developers, DevOps engineers and many others.

At the same time, it follows from the description of vacancies that the Sovcombank Technologies team is distributed in different locations in Russia, and personnel is recruited for remote work in many large cities. Sovcombank Technologies has locations in Moscow, St. Petersburg, Kazan, Saratov, Voronezh, an office in the Novosibirsk Academgorodok. The company is also a partner of Skolkovo.

And in January 2022, Sovcombank had a new working space in Turkey on the basis of a five-star hotel on the shores of the Mediterranean Sea. During the year, groups of employees from the bank's back office and the bank's technological subsidiary Sovcombank Technologies will gather here, whose work is 100% possible in a remote format. Sovcombank fully covers the cost of flying and staying in a hotel according to the "Ultra all inclusive" system, and also provides insurance for those traveling abroad during the trip[2]

I must say that after the appearance of GMCS as part of the financial group, and in 2021 after formations Sovcombank Technologies, Sovcombank continued to attract external contractors for some of its technological projects. So, for example, in July 2021, the developer of banking software Diasoft reported that he and Sovcombank are implementing a large-scale multi-stage project - the transfer of functionality for working in the bank financial markets to a business development platform. Digital Q.FinancialMarkets

2021: Establishing a company

According to the database of legal entities Kontur. Focus, "Sovcombank Technologies was formed in mid-February 2021, and registered with the tax authority in September.

The new company was headed by Vyacheslav Litovchenko, who previously worked as deputy head of the IT department of Sovcombank.

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