Large Russian banks have begun assessing the potential to upgrade their cash machines with domestically produced Elbrus-based processors, a move slated to appear on the market in 2023. This shift signals a broader strategy to localize financial technology supply chains and reduce dependency on foreign vendors. Industry insiders indicate that the interest from credit institutions hinges on a clear demonstration of reliability, security, and long-term maintenance support from国内 manufacturers, as well as the ability to meet evolving regulatory standards. The discussions reflect a proactive approach to modernizing the ATM fleet while aligning with national technology goals.
According to Artem Zhilonov, the CEO and co-owner of BFS, the company plans to manufacture ATMs powered by Elbrus processors, with production anticipated to commence during 2023. A confirmed order already exists for about 1,500 units, underscoring a real demand for domestically produced machines. This early contract suggests banks are ready to pilot localized hardware at scale, provided it satisfies rigorous specifications around performance, safety, and user experience. The move is framed as part of a broader push to foster domestic capability in critical financial infrastructure.
Bank officials emphasize a strategic preference to convert the existing network of ATMs to domestically produced devices, aiming to consolidate security controls, simplify software updates, and enhance resilience against supply chain disruptions. Yet, procurement decisions are conditional. Banks will seriously consider supplier proposals only after the solutions prove robust in technical benchmarks, pass stringent safety audits, offer ergonomic and accessible interfaces for a wide range of customers, and demonstrate consistent after-sales support. In essence, buyers seek a compelling combination of reliability, security, usability, and total cost of ownership that matches or surpasses foreign alternatives.
Industry analysts believe that domestically produced ATMs can gain a competitive edge if they combine cutting-edge technology with cost efficiency and a clear path to future upgrades. The critical question remains: can domestic processors deliver performance that exceeds current foreign benchmarks while keeping prices attractive? Observers caution that even if a domestic processor reaches market, its real-world performance may take time to validate, particularly if production facilities undergo significant scale-up or transition from existing suppliers. Delays or teething problems could slow adoption despite strong demand from financial institutions seeking greater localization and security assurances.
In late May, Konstantin Trushkin, Executive Vice President of Marketing at MCST, indicated that there is a possibility of relocating Elbrus processor production from Taiwan to Russia, specifically to the Zelenograd-based Mikron facility. If realized, the transition could involve substantial capital expenditure and logistical planning, potentially running into several billion rubles. The shift would mark a bold step in creating a self-reliant domestic electronics ecosystem, reinforcing Russia’s ambitions to build end-to-end technological independence in strategic sectors. However, the move would also require careful coordination with suppliers, regulators, and financial institutions to ensure a smooth ramp-up, adherence to international standards, and continuity of service for the evolving ATM network.