On January 16, 2024, VDNH hosted the Finance Day, which opened the industry marathon of the international exhibition and forum “Russia”. On this day, flagship representatives of the financial industry demonstrated the main achievements of the financial sector, as well as talked about further development vectors and prospects of the industry.
Stanislav Prokofiev, Rector of the FinU, took part in the business program events. The plenary session “Financial Sector as a basis for the stability of the Russian economy” was opened by Russian Prime Minister Mikhail Mishustin. Speaking at the plenary session, Mikhail Mishustin stressed that it is a sustainable financial infrastructure that is the basis for improving the well-being of citizens and business development.
Russian Minister of Finance Anton Siluanov noted the key changes that have taken place in public finances over the past 20 years, stressing that today public finances secure the welfare of citizens. He explained that during this time, the stability of the financial sector was ensured, the tax sphere was transformed, and citizens’ confidence in the financial market increased.
The plenary session was also attended by Vladimir Chistyukhin, First Deputy Head of the Bank of Russia, Herman Gref, Chairman of the Executive Board of Sberbank of Russia, and other representatives of the flagships of the financial industry. The speakers of the session summed up the results of the last few years for the financial sector, discussed the main trends and new financial products’ launch, and also assessed the quality of interaction between financial companies and customers.
Special attention was paid during the Finance Day to improving financial literacy. The key topic of the expert panel “Financial Culture is my growth strategy” was the results of the Financial Literacy Strategy implementation to the population. Experts spoke about the difference between financial literacy and financial culture, methods of protection from fraudsters, relevant competencies for the development of citizens’ well-being and financial attitudes that help achieve their goals.
Pavel Kadochnikov, Deputy Minister of Finance of Russia, noted that over the 6 years of the implementation of the Strategy to increase Financial Literacy of the population, we can see significant achievements: the share of citizens who have average or high knowledge in financial literacy increased from 56 to 72 percent during the previous period of the Strategy implementation.
Speaking about financial security, Mikhail Mamuta, a member of the Board of Directors of the Central Bank of Russia, Head of the Service for Consumer Protection and Financial Inclusion of the Bank of Russia of the Central Bank of Russia, noted that when designing a new Strategy for improving financial literacy and forming a financial culture until 2030, the issue of security has become one of the key issues.
The expert panel “Financial Culture is my growth Strategy” was also attended by Alexander Auzan, Dean of the Faculty of Economics of Lomonosov Moscow State University, Veniamin Kaganov, General Director of the Association for the Development of Financial Literacy, Ekaterina Kopalkina, Head of the Sustainable Development direction of the Center for Macroeconomic Research of the NIFI of the Ministry of Finance of the Russian Federation, Head of Sales and Business Development Department Alfa API, Alfa ID and Alfa Pay Tatiana Krestyaninova, as well as financial director of the digital service “Airplane Plus” Margarita Styukova. The session was moderated by Vera Podguzova, Senior Vice President, Director of External Relations at Promsvyazbank.
Commenting on the session results, Stanislav Prokofiev, Rector of the FinU, noted the importance of forming a financial culture and transforming knowledge into sustainable skills. Stanislav Prokofiev stressed that the Federal Methodological Center for Financial Literacy of the FinU works with the adults and is now actively implementing new solutions and installations,
“Previously, we focused on training methodologists who work with teams. Now we will introduce new elements of training, such as webinars, communication training, and also use electronic resources and the media. Our teachers are actively involved in this work, and we plan to expand the range of topics we work on.”
After the discussion, FinU students asked experts questions about the most promising areas of financial technology development.
An extended educational program was presented to the guests of the Finance Day: future applicants learned about how to enter a leading university that trains specialists for the country’s economy at a unique career guidance event held for the first time at the Russia exhibition site – the Open Door Day of the FinU.
Future specialists in the financial industry took part in various activities organized by the Bank of Russia and relevant departments belonging to the so-called “Big Ministry of Finance”. As part of the Career Day in the financial sector, leading experts at master classes, lectures and interactive sessions revealed the secrets of entering the civil service, talked about the specifics of work and prospects in public finance.
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