Tinkoff Group to launch seven development hubs across Russia


TCS Group Holding PLC (TCS LI) (the «Group»), Russia’s leading provider of online retail financial services, including Tinkoff Bank and Tinkoff Insurance, today announces that in the coming two years it intends to launch seven development hubs across Russia. The first cities to host those will be Saint Petersburg, Nizhny Novgorod, Yekaterinburg, Novosibirsk, Rostov-on-Don, Saratov and Vladivostok, to be followed by others later.

The hubs will help:

  • • source software developers locally across the whole country,
  • • rapidly build up capacities to match our growing ambitions,
  • • leverage time zones to intensify production cycle,
  • • reduce time to market for new products.

The hub’s staff will focus both on products for, and on R&D beyond the Bank’s core business.

Each hub is expected to employ 50–150 people depending on the location.

Oliver Hughes, Chairman of Tinkoff Bank’s Management Board, commented: «We are growing at a fast pace and launching a host of new services as part of out financial supermarket. To implement our ambitious plans, we need to boost our R&D capabilities. This is why we are now turning to regional centres. We hope this project will help us cut time to market for our new products.»



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