5. High quality of High School education
It is a well known fact that Russia has a high level of competency throughout its working population when it comes to technical skills. This is because of the impressive attainment levels of technical science education in High School. Russia also offers a lot of free courses of software development for any levels of developers (analytics, architectures, BigData, ML, CDTO and other different roles). In fact, many CTO/CIO's in EU banks have Russian roots and have benefited from the successful Russian education system.
6. High speed of digital transformation in fintech
The
Central Bank of Russia is the main driver of digitalization in the country. But this is not true only for the finance sector. The Russian government has set up a global program of digital transformation in all industries until 2030, helping to boost Russia's digital output and putting it at the forefront of the global drive towards a more digital future.
Traditional services that previously had not been digital are now undergoing a transition to more efficient, effective and digitally focused techniques. For example, you can fix the time slot for the Sputnik-V vaccination shot in just a few clicks at the nearest hospital, without any queries, and receive the jab in merely 30 minutes.
7. Big Russian banks in mortal combat
The second power in the thriving Russian fintech market after CBR is its top 10 banks: Sber,
VTB, Gazprombank, RSHB and private banks like Tinkoff and AlfaBank. These banks are all in fierce competition to snatch a segment of the lucrative digital banking market, and of course, they each have access to large teams of developers to help them achieve this. For example,
during 2020 VTB (the second largest bank in RU) onboarded more than 1200 teams of developers. If we count only Russian tenders during Q1 in 2021, there is a need for 2000+ developers. In a few more months, Russia will surely become the best fintech benchmark for all companies around the world. Just think about that.
8. Nothing political, only profitable business
How much does all of this innovation cost? Of course, the salaries of Russian developers are more expensive than if you were to choose a development team in India. However, they are dramatically cheaper than in many EU countries, even including Poland. An important point to note is that sanctions, and political, anti-Russian paranoia decrease the strength of the Russian rouble, which only results in making software development in Russia even more profitable for you. In fact, you won't be having a lot of political or economical risks, because it is just business when dealing with a Russian software development company.
9. We are ready to help you make it fast and professionally
When you choose an outsource development team in Russia, they are ready to go, unlike those in many other countries. This means that you just need a few weeks to build a start team and then grow your new product. Language, time and cultural barriers are simply obstacles that can easily be overcome and solved together with your new development team.
If the expertise, work ethic and ability to get you off the ground quickly are what you're looking for, a software development team in Russia may just be the right fit for your project.
Talk to an expert team now and you won't be disappointed with the incredible quality of work that an outsource development team in Russia can offer you.