July 31, 2014, Moscow - Sberbank was the general partner for the mobile services hackathon, which was organized by the Russian community of mobile application developers Apps4All. Participants had the opportunity to listen to open source data experts, representatives from companies and partners (Microsoft, Samsung, RedMadRobot, UsabilityLab, NPTV, Looi) and leading experts in the field of mobile applications. About 60 teams took part in the programming marathon with the goal to create a prototype of a mobile financial service. 51 projects were submitted during the 24 hour competition.

Hacks included new scenarios for mobile payments and transfers, the development of a personal mobile financial helper and payment security, and the gamification of mobile financial services. The event prize money amounted to RUB 1 mln.

An application for managing personal and family finance was nominated for the best product. Second place went to a prototype solution that would allow users to receive the restaurant bill directly to their mobile phone and the option to split the bill between the people in their party. An electronic queue integrated with a mobile banking application won the technical solution nomination. Second place went to a service that analyzes "financial health" and provides the user with suggestions on managing their finances. In addition, the hackathon awarded a special prize to a crowd funded donation service.

"The purpose of the hackathon was to take another step towards creating an open ecosystem of financial services developers and designers," said Svyatoslav Ostrovsky, Managing Director at Sberbank's Bank XXI. "Similar events will help us to expand the boundaries of traditional financial services."

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Sberbank of Russia
Alexander Baziyan
Public Relations
Tel. +7(495) 957 5721
media@sberbank.ru

Sberbank of Russia is Russia's largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 110 million individual customers and 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with more than 18,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries.

The Bank holds the general banking license No.1481 issued by the Bank of Russia. The official website is www.sberbank.ru.

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