Sberbank steals a startup from Ukraine

Bank of Memories
3 min readJul 4, 2021

Large corporations have ceased to notice the intellectualproperty rights of young visionaries. The last boundaries are crossed with ease, appropriatingnot only ideas, but also ready-made solutions.
As time has shown, state-owned companies go too far. Bank of Memories - A startup, application for storing and transmitting information- has been run by a group of enthusiasts since 2016. Driven by the idea, they developed itwith the aim of recording what is most important — the memories of the moments they livedthrough. People can already use their developments, each in its own way.
The recent PR campaign of SBERBANK showed how easyit is to collect files from gullible startups and people burning with ideas, without noticingthe ownership rights, presenting stolen ideas as internal development. Can this beseen as piracy, or just a manifestation of the strength and impunity of a large company?

In the summer of 2018, at the international forumin Astana at the opening of the AIFC, the author of the startup, Andrey Melanchik, аn ambitious startup. One of the many international representatives to whom the project was presentedwas German Gref, President of Sberbank of Russia.
in 2019, Sberbank will present an “innovative” idea- the Memory Bank by May 9. Perhaps the majority shareholders decided that it was notworth bargaining for cooperation with a “startup” and it is much easier to present the innovationas their own.

2021 — selection for EMERGE. The jury committee consists of permanent representatives SBERBANK employees and specialists. Iryna Savitskaya, CEOof Bank of Memories, is selected and presents a working product of her companythat has taken its first steps into the open market.

The marketing department of Sberbank finds for itselfan elegant way to close KPIs and receive quarterly bonuses by launching a “new development”of an innovative corporation — a Time Capsule from Sberbank. “Done!
There were no differences in the product of the Russianbank from the application of the Ukrainian-Georgian startup Bank of Memories. The intellectual property rights, patents, businessethics and work product of a small but already living company went unnoticed.
An important point! The “Time Capsule” is a centralized storage facility offered by Sberbank, a de facto government agency. But Bank of Memoriessees it as its goal to enable users to
store data and memory without disclosing it to third parties thanks to the Blockchain system and data decentralization.
This case is not the only one, there are a lot ofsuch “Sberbanks” on the market. Speaking at the next forum, presenting a new solution — each ofus will play Russian roulette: at the risk of being robbed. Paying attention to how in 2021 thecommunity was already able to defend the right of small retailers in the fight against theWallStreet goliath, one should not discount the “community”.
The fight of a small team against the big and brazencan be equal if the public makes the case public. There are already many examples of how strong a community can be, especially in the fight against giants. Let’s support Bank of Memoriesin its desire to provide the world with a corporate-independent service. This is our ultimatum to corporate insolence and lawlessness. Tell your friends, download the app, use independent services.

May the force be with you!
#Don’tGiveBadPeopleGoodIdeas

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Bank of Memories

Mobile application for the whole family. Build a family tree, send messages to the future, create a digital monument and etc. Powered by blockchain technology