igran Khudaverdyan (Deputy Chief Executive Officer), in an interview with RBC, spoke about the company’s plans after the company parted ways with Sberbank, and then failed in a buyout deal with Tinkoff.
Accorrding to Tigran, Yandex still plans to release its financial product and the company will definitely need a banking license for it.
There is a possibility it may be funcational within a year, and be wholly digital with no physical presence.