The Bank of Russia continues to develop data management functions and digitalization of the Bank of Russia’s business processes

From January 15, 2024, the Bank of Russia will consolidate its data management and business process improvement functions into a single unit. This decision was made by the Board of Directors of the Bank of Russia.

The issues related to data management and project and process management functions in the Bank of Russia will be consolidated in the Department of Data, Projects and Processes from January 15, 2024. This decision will make it possible to increase the efficiency of implementing modern technologies, including artificial intelligence, in the Bank of Russia’s business processes.

Bank of Russia’s business processes

The Department of Non-bank Lending will be transferred the functions of regulation and supervision in the credit information system. Consolidation of functions will contribute to more efficient development of the market.

A consolidation of functions will contribute to more efficient development of the market

The Data Management Department and Projects and Processes Department will be abolished in the regulator’s structure from April 27 2024 

Director of the Data Management Department Alexei Lukovnikov has decided to pursue a career outside the Bank of Russia and will leave his post on December 29 2023 

When using the material, a link to the Press Service of the Bank of Russia is obligatory.

When using the material, a link to the Press Service of the Bank of Russia is obligatory