BFC Bulletins Monthly News Digest

The data market is starting to come to greater prominence around the world. Perhaps nowhere is this truer than in Russia, where the data market is still largely in its infancy. In fact, the government of Russia is still trying to figure out rules for balancing data use and privacy …

Understanding the importance of Big Data and other digital technologies in the modern world, Alfa Bank has developed a strong digital strategy and become a leader in Big Data. To accomplish its digital- and data-related goals, Alfa Bank created its own data management and monetization center. The center, whose primary …

Sberbank has been one of the first financial service providers to embrace the use of social media listening (SML) to solve the problems of classical research. Here are 5 ways it is using SML right now: Brand health tracking – Sberbank uses social media data to continuously measure consumer attitudes …

Big Data, as a concept, has been around for more than 10 years and involves the work of various types of specialists, including IT specialists, programmers, mathematicians, data visualization specialists, data engineers, data analysts and more. In Kyrgyzstan, the training for such specialists is rather limited, even at specialized IT …

One of the most pressing issues for financial institutions in Russia is how to make financial services available to those living in small towns and remote settlements. For much of history, financial institutions had to make efforts to develop physical infrastructure to reach these consumers; however, such investments were typically …

QIWI Group has created its own platform for solving problems related to in-depth analytics and data monetization. QIWI Data is the result of more than 5 years of research into Big Data and offers the group of companies the ability to process data faster as well as increase data security. …

Imaguru Startup Hub organized a Datathon to help Belarusian companies understand the importance of Big Data as well as connect them with startups that can help them achieve truly effective and innovative Big Data solutions. During the Datathon, teams were presented with tasks to be solved using Big Data solutions. …

Big Data is one of the biggest buzz words in the tech world right now. In Armenia, however, most companies have yet to adopt Big Data technologies. In fact, experts estimate that the level of Big Data tech and use in Armenia is on par with the world average 4–5 …

A recent survey has shown that more than half (55.4%) of Russian companies have a dedicated budget for implementing Big Data analytic solutions. These budgets account from anywhere between 5–10% (and sometimes more) of a company’s annual budget and can amount to as much as RUB 10 million. Moreover, some …

Explore the ins and outs of data and data science at a glance in this enlightening infographic. Video: insights into human capital trends Infographic: characteristics of startups that fail and succeed 5 reasons big enterprises should partner with IoT startups

The ability to tell a story beyond numbers makes data visualization a powerful analytical tool. Data visualization can be used for a myriad of tasks, including analyzing trends, demonstrating performance, evaluating strategies and identifying patterns. The infographic below presents 10 compelling reasons why investments in data visualization is a smart …

Global business developer Ulf Persson discusses how financial institutions can successfully navigate the opening ecosystem and fast-changing regulatory environment while also carving out their own niches in this insightful video. Video: World FinTech Report 2017 findings Infographic: artificial intelligence – catalyst of the next industrial revolution Big data could provide …

Learn how First Citizens Bank is leveraging data analytics to provide customers with the services they want in the ways they want them. Infographic: how RegTech savvy are you? Video: insights into human capital trends Video: a cautionary tale of cyber privacy

The Global Tech Council highlights 7 key parts of the data science life cycle in this simple yet informative infographic. Infographic: WealthTech market map Infographic: 50 disrupting FinTech facts about mobile wallets and payments Infographic: fostering a learning culture in 2019

In an era where constant technological advances are making data more available and both easier and faster to process, Big Data, data analytics and artificial intelligence solutions are vital to long-term success. This is especially the case for financial institutions, which are being barraged by increased competition from new market …

Understanding personal finances and the tools to manage them are an important step toward financial literacy. Fortunately, modern technology has made this step easier to obtain for more people. We’ve scoured the internet and app stores to compile this list of the top 5 most interesting personal finance apps, at …

Startups are playing a huge role in innovating the wealth management industry. Our friends at Plug and Play got in touch with 6 of the most relevant ones to get their views on the industry they are helping reshape: Grove Agolog Rocket Dollar Say Compound Accern Grove Agolog Rocket Dollar …

The boom of technological innovations and creativity in the financial sphere has given us numerous interesting and beneficial concepts. One the more recent among them is the idea of collective investments (i.e. crowdfunding). In fact, crowdfunding platforms have become very popular in the last few years, with the crowdfunding market …

For better or worse, all kinds of industries use artificial intelligence nowadays, and wealth management is no exception. In fact, artificial Intelligence is one of the main trends in the wealth management industry and will change the industry forever for both consumers and companies alike. The three biggest impacts are …

Traditional banks and credit unions have been losing the battle to attract deposits in a hyper-competitive environment. Many have attempted a number of different efforts to reverse this trend and drive organic growth; however, such efforts are often difficult to sustain and have seen mixed results at best. Some are …