The Central Bank proposes to introduce robotic pawnshops

To launch the innovation, it will be necessary to make a number of changes to legislation, in particular the possibility

conduct simplified customer identificationthrough the Unified Identification and Authentication System (USIA) and the Unified Biometric System (UBS), issuing a pledge ticket in electronic form and including individual terms of the loan agreement in it. It is expected that all these changes will be adopted by the end of the year.

Representatives of the Central Bank told the publication thatThe new technological solution will increase the availability of pawnshops by ensuring their presence in retail outlets and public places without the need to open new offices.

The bot recognizes the purity and weight of a gold item,Based on the assessment, the amount is credited to the borrower’s bank card. The technology allows you to quickly open a full-fledged mobile pawnshop in any place where there is sufficient traffic of potential clients.

The new practice will also help reduce the cost of loans for clients, said Ivan Zimin, director of the Department of Financial Technologies of the Central Bank.

The publication notes that this practice has previouslywas implemented: the Mosgorlombard network began installing Custody Bot robotic devices at the end of May this year. However, without adjusting the legislation, such pawnshops could only operate as diagnostic stands; only an employee could still conclude an agreement and issue a paper deposit ticket after personal identification. 

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