Allen & Overy advised Raiffeisenbank on the deal. Raiffeisenbank a.s. was involved in a unique process involving opt-in of its outstanding English law governed mortgage covered […]

Raiffeisenbank a.s.’s EUR 500 Million Mortgage Covered Bonds Offer

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Allen & Overy has advised Raiffeisenbank on the opt-in of its outstanding English law governed mortgage covered bonds into the new regulatory framework in the Czech Republic, stipulating rules as to the governance of cover pools, and on the consequent issuance of EUR 500 million mortgage covered bonds listed on the Luxembourg Stock Exchange. According to Allen & Overy, “the opt-in was of most importance for Raiffeisenbank a.s. as it allows it to maintain a single cover pool regulated by the same regulation for mortgage covered bonds issued under its legacy English law governed mortgage covered bond program and recently established German law governed mortgage covered bond program. Following the single combined meeting of the mortgage-covered bondholders in which they consented to the opt-in, Raiffeisenbank a.s. issued mortgage covered bonds under its international German law mortgage covered bonds program that was originally established in November 2020.”
Allen & Overy’s team included Prague-based Partner Petr Vybiral, Associate Tomas Kafka, and Junior Lawyer Josef Pavlicek, with further teams in the UK and Germany. Czech Republic Knowledge Partner
PRK Partners, one of the leading Central European law firms, has been helping clients achieve their business objectives almost 30 years. Our team of lawyers, based in our Prague, Ostrava, and Bratislava offices, has a unique knowledge of Czech and Slovak law and of the business environment. Our lawyers studied at top law schools in the United States, United Kingdom, Switzerland and elsewhere. They also have experience working for leading international and domestic law firms in a number of jurisdictions. We speak your language, too. Our legal team is fluent in more than 15 languages, including all the key languages of the region. PRK Partners has one of the most experienced legal teams on the market. We are consistently rated as one of the leading law firms in the region. We have received many significant honours and awards for our work. We represent the interests of international clients operating in the Czech Republic in an efficient way, combining local knowledge with an understanding of their global requirements in a business-friendly approach. We are one of the largest law firms in the Czech Republic and Slovakia. Our specialised teams of lawyers and tax advisors advise major global corporations as well as local companies. We provide comprehensive legal advice drawing on our profound knowledge of local law and markets. Our legal advice delivers tangible results – as proven by our strong track record. We are the only Czech member firm of Lex Mundi, the world's leading network of independent law firms. As one of the leading law firms in the region, we have received many national and international awards, in some cases several years in a row. Honours include the Chambers Europe Award for Excellence, The Lawyer and Czech and Slovak Law Firm of the Year. Thanks to our close cooperation with leading international law firms and strong local players, we can serve clients in multiple jurisdictions around the globe. Our strong network means that we can meet your needs, wherever you do business. PRK Partners has been repeatedly voted among the most socially responsible firms in the category of small and mid-sized firms and was awarded the bronze certificate at the annual TOP Responsible Firm of the Year Awards. Our work is not only “business”: we have participated on a longstanding basis in a wide variety of pro bono projects and supported our partners from the non-profit sector (Kaplicky Centre Endowment Fund, Tereza Maxová Foundation, Czech Donors Forum, etc. ).

Allen & Overy Advises Raiffeisenbank on Mortgage Covered Bonds Opt-in

Raiffeisenbank upgrades QR scanning solution
Monday 13 December 2021 13:07 CET  | News
Raiffeisenbank has introduced Smart Engine technology into its mobile applications for QR code scanning in Raiffeisen Online Russia. The implemented solution improves the quality of QR codes and barcode scanning for payment operations in a mobile application. Higher scanning precision can be achieved even for damaged or non-standard QR codes. Thanks to the up-to-date scanner, customers can use a QR code to make money transfers, pay for utilities, various receipts, bills, fines, and make purchases. The user needs to focus a device's camera on a QR code or select an image with a QR code from the gallery. The code is scanned automatically, and the necessary details for a payment or money transfer are entered into the payment form. Smart Engines is a member of the international initiative of the UN Global Compact along with the RBI group. The technologies developed by the company try to minimise the environmental impact and reduce the carbon footprint in the machine learning processes and AI algorithms implementation. Free Headlines in your E-mail
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Raiffeisenbank upgrades QR scanning solution

Dec 13, 2021
Users of Raiffeisen Online Russia’s mobile applications for Android can now use a QR code to make money transfers, pay for utilities, various receipts, bills, fines, and complete purchases after the bank added Smart Engines ’ solution to its mobile applications. A company announcement says the move will improve the quality of QR codes and barcode scanning for payment operations using the bank’s mobile applications, while ensuring high scanning precision either for non-standard or impaired QR codes. Explaining how the computer vision system is used, the company says a user needs to focus the camera of their device on a QR code or select an image with a QR code from the gallery. From then, the code is scanned automatically, and all the required information needed for a payment or money transfer is automatically loaded into the payment form. The introduction of Smart Engines’ technology to Raiffeisenbank apps for QR code scanning is an expansion of their partnership, under which the financial institution adopted passport scanning  earlier this year, and furthers the bank’s innovation implementation strategy intended to enhance internal processes and increase environmental friendliness and compliance with the best social and corporate standards. “Payment by QR makes purchases quick and contactless. This payment method is customer-friendly per se, but code recognition accuracy is vital for it to work correctly. Thanks to the integration of the Smart Engines scanner, our customers will be able to choose a QR payment method in Raiffeisen Online in any situation – even if the code is poorly lit or the user’s device is equipped with an insufficiently robust camera,” says Pavel Rubakhin, chief product officer and director of Mobile Banking at Raiffeisen bank. “The implementation of QR code scanning technologies in mobile applications is a pleasant and effective collaboration with Smart Engines,” reacts Dr. Vladimir Arlazarov, CEO of Smart Engines. “The bank already uses the company’s software product for ID scanning in its branches. The up-to-date QR code scanner instantly extracts data and makes the payment process convenient. QR code payment is one of the key elements of modern remote customer service in mobile banking applications. And we are glad that Raiffeisenbank, a world-renowned bank, has chosen our software product to ensure high-quality barcode scanning in its mobile application.”
SimplyPayMe also recently integrated Smart Engines’ OCR solution into its mobile payment application.

Raiffeisenbank adds Smart Engines’ computer vision to mobile apps for QR code scans

Raiffeisenbank : Adds Smart Engine QR code scan technology
Raiffeisenbank is a universal bank on the Romanian market , providing a complete range of products and services to private individuals
The QR-code scanning technology developed by Smart Engines has been introduced into Online Russia
The implemented solution improved the quality of QR codes and barcode scanning for payment operations
Thanks to an up-to-date scanner, the customers can use a QR code to make money transfers, pay for utilities
The user needs to focus a device’s camera on a QR code or select an image with a QR code from the gallery
The code is scanned automatically, and all the necessary details for a payment or money transfer
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Raiffeisenbank: Adds Smart Engine QR code scan technology

Unblu provides banks with a customer management platform. Unblu offers real-time collaboration with customers via co-browsing, live chat, secure text messaging and video chat to achieve better customer experience.

Unblu

As a means to grow sustainable , Raiffeisenbank has selected Unblu to offer a new channel and improved customer journeys to its clients .

Raiffeisenbank CZ implements Unblu Live Chat - Unblu

Avaloq Group provides fintech services to banks and wealth managers. Its flagship products, Avaloq Banking Suite, is an integrated IT platform which provides solutions for asset managers, private, retail, and commercial banks.On October 5th, 2020, Avaloq Group was acquired by NEC at a valuation of $2200M.

Avaloq Group

Raiffeisenbank provides banking services for individuals and businesses. The bank offers loan services, mortgage services, cards, retail and SME banking, corporate and investment banking, and private banking. It is based in Prague, Czech Republic.

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