(Singapore, 15.05.2025) Fortune Times (时代财智), the leading Chinese business magazine based in Singapore, proudly announces that Alfa-Bank has received the esteemed Fortune Times’ Leader in FinTech Solutions Award. This accolade celebrates Alfa-Bank’s steadfast commitment to innovation, and ability to create and develop cutting-edge AI-technologies.
In an era marked by rapid digital transformation, Alfa-Bank has distinguished itself with the “Leader in FinTech Solutions” Award, a testament to its innovative strategies. This prestigious recognition not only celebrates Alfa-Bank’s continuous advancements and investments in financial technology but also underscores its role as a leader in the global banking sector. The representatives from Alfa-Bank will join the award ceremony scheduled for October 2025 in Singapore.
Founded in 1990, Alfa-Bank has established itself as one of the largest and most influential private commercial banks in Russia. With a commitment to providing a comprehensive suite of high-quality financial services, Alfa-Bank serves 39 million customers across the nation, engaging in all sectors of the financial market.
Its’ offerings encompass corporate and retail lending, deposits, payment and account services, foreign exchange operations, cash handling services, custody services, investment banking, asset management, and a range of ancillary services. Alfa-Bank is one of the top 3 largest Russian banks in the number of payments in CNY to China.
Commitment to Innovation of FinTech
The bank’s strategic investments in artificial intelligence and fintech have transformed client interactions, providing tailored services that meet individual customer needs. In 2021, they launched the Alfa-Bank Research Centre, and continues to lead in fintech innovation, with sophisticated mobile applications and powerful data analytics at the core of its service strategy.
For example, Alfa-Bank was the first to deploy China’s “thinking” artificial intelligence model DeepSeek R1 in Russia, and the deployment work was completed in just a few hours. Smart AI recruitment systems accelerate hiring significantly, and automatic scheduling speeds up customer service by 35%. The bank is not going to stop there.
In the near future, the bank plans to introduce recommendation systems for loyalty programs that will allow customers to receive more personal service.
Alfa-Bank engineers have developed their own unique generative AI platform called AlfaGen. This platform makes it possible to connect any cloud LLM to banking processes, as well as quickly integrate neural networks into the bank’s closed system.
All interactions with cloud and on-premise neural networks go through a special security module, reliably protecting customer data. Based on AlfaGen, a line of AI assistants for bank employees has been elaborated, which enhances the development speed by 30%.
Moreover, by the solution’s unique feature is that it is not just a “smart assistant”, as the AI agents independently develop a complete plan for solving a problem, create a program code, and check the result.
These digital assistants, united in teams, can independently create automatic tests for Java programs, just like real developers do, but many times faster.
Virtual employees would analyze a task from project management system, independently write the code for tests, check it for errors, and correct any shortcomings, with no human intervention whatsoever. Automatic tests provide “insurance” against software errors. They check whether the code works correctly under any scenario.
Leveraging strategic partnerships and technologies like blockchain and machine learning, Alfa-Bank has created adaptive financial products that meet the evolving needs of customers. Its proactive approach not only boosts customer satisfaction but also strengthens its competitive position in the fintech sector.
The ‘Leader in FinTech Solutions’ Award by Fortune Times is a milestone for Alfa-Bank, highlighting its efforts to bolster its global footprint.
In today’s digital age, where fintech reshapes industries, trust remains the banking sector’s most prized asset. This award reinforces Alfa-Bank’s commitment to integrity and innovation, qualities increasingly demanded by customers.
The recognition by Fortune Times sends a strong signal to global customers and partners, affirming Alfa-Bank’s status as a dominant player in the Russian market and a strong contender on the international stage.
