Russian Finance Giants Unite to Build National AI Evaluation Platform

A consortium of 17 major banks launches an initiative to measure the ROI of AI in business and government.

Russia's largest financial institutions have joined forces to assess the real-world performance of artificial intelligence. Seventeen top-tier banks—leaders not just in Russia, but on the global stage—have formed a fintech club titled 'AI in the Financial Sector.'

Their main objective: to define clear criteria for evaluating the effectiveness of AI adoption across both the banking industry and public administration. Based on these metrics, the group plans to develop business implementation recommendations, measure economic impact, and minimize the risks of inefficient investments. The methodology will also apply to government agencies.

With Russia’s rapid digital development, there’s a growing need to identify which AI solutions are fit for specific sectors—and to bolster the nation’s technological sovereignty by offering viable domestic alternatives. The first wave of analytics will be unveiled at the St. Petersburg International Economic Forum (SPIEF), where participants will also present regulatory suggestions and risk management strategies related to AI.

According to members of the club, the initiative marks a critical step forward in modernizing a key sector of the Russian economy.