Home /

Blog Archives

Video: 5 ways data science is changing finance

From giving better risk evaluations to incorporating the use of machine learning algorithms, data science is reinventing the financial services industry. Uncover 5 ways financial institutions are implementing data science solutions to stay ahead of the curve. Developing IoT solutions in the financial industry The Six Biggest Trends in Fintech …

Read More »

The importance and convenience of digital wallets

As contactless payment solutions rise in popularity amid the COVID-19 pandemic, it has become clear that digital wallets are likely to become an important part of our future. Not only are they easier to use by eliminating the need to carry a physical wallet, they also offer many other benefits …

Read More »

5 payment trends COVID-19 is pushing into reality

There has been a lot of talk about how COVID-19 is changing the future of payments. The reality is that it’s not really changing the future of payments as much as it’s ushering it into reality much more quickly than anyone expected. Here are the 5 biggest examples of this: …

Read More »

How Russians pay

Research company Mediascope has released a study on how and for what residents of large Russian cities make online payments. The study, conducted in May and June of this year, involved Russians aged 12-55 who are residents of cities with a population of 700,000 or more (or of a population …

Read More »

Video: is COVID-19 giving rise to the era of contactless payments?

Contactless payments were starting to become trendy prior to the COVID-19 pandemic. But has the pandemic accelerated the use of contactless payments? Get some more background regarding this topic in this short, informative video published by Payments Journal.   The pros and cons of internet banks 5 principles to keep your …

Read More »

4 key lessons traditional financial institutions need to learn from COVID-19

The COVID-19 pandemic has revealed the shortcomings of a number of traditional financial institutions, especially as related to digital transformation. Here are 4 digital transformation lessons they need to embrace in the post-pandemic period or risk being left behind: Be more open to digital collaboration – traditional financial institutions’ internal …

Read More »

2019 SME banking innovations in Eastern Europe and Central Asia

Financial institutions operating in Eastern Europe and Central Asia were active in providing innovative services and solutions for small- and medium-sized enterprises (SMEs) in 2019. In fact, financial institutions in these regions implemented 20% more such services and solutions than in 2018, with more than 40 financial institutions distinguishing in …

Read More »

Video panel: the future of finance

Bloomberg convened a peer community of C-level technology executives and senior decision-makers to examine how financial services leaders are embracing digital transformation to improve business continuity, modernize processes and navigate mounting challenges. Watch this fascinating panel discussion to gain some interesting insights into how the COVID-19 pandemic is driving digital …

Read More »

What banking will look like after the pandemic

As we emerge from the COVID-19 crisis and look to the future, we can clearly see that banking will be very different than it was before. Perhaps most obviously, banking will move increasingly into online spaces as the measures taken to combat the spread of COVID-19 are exposing a greater …

Read More »

How COVID-19 could reshape China’s banking industry

With COVID-19 seemingly somewhat under control in China, the country’s banking industry is examining the damage and preparing for difficulties. In particular, the aftermath of the crisis is expected to test lenders’ resilience with a more than 50% increase in non-performing assets at the same time as a halving in …

Read More »

5 ways FinTech startups are adapting to the COVID-19 pandemic

We’re now living in a new macroeconomic narrative, one with major changes taking place nearly every day. To survive in such conditions, it’s necessary to be flexible. Unsurprisingly, FinTechs are already starting to adapt to the new realities. Here’s 5 important things FinTechs are doing to survive and come out …

Read More »

FinTech lenders’ difficulties in the current pandemic

Many FinTechs lenders find themselves in a precarious position as uncertainty mounts over whether or not millions will be able to pay back their loans due to the impact of COVID-19. This is especially concerning for FinTech lenders that provide personal loans, which tend to be the lowest priority for …

Read More »

COVID-19’s impact on P2P lending

COVID-19 has caused a significant downturn in economies around the world, impacting the personal finances of millions worldwide. This, in turn, has had a major effect on P2P lending. In fact, many P2P investors have made the equivalent of a bank run on P2P platforms to recover their funds, leading …

Read More »

Top 8 ways COVID-19 is (and will) impact the payments industry

Thus far, the global payments industry has proven resilient to the effects of the COVID-19 pandemic, but the industry is far from immune. In the short term, payment providers will need to prepare to adjust to new realities by adapting their operating models to be more flexible. The long-term impact …

Read More »

BFC FinTech Monitor 17th – 24th April

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World Anonymous sources have revealed that Google is planning to simplify online shopping by issuing its own debit card, which will most likely to be connected to a user’s …

Read More »

Technology’s influence on compliance

Compliance was once viewed solely as a tool to ensure regulatory compliance, but it has quickly become an integral element of corporate culture. Much of this change in perspective is due to the advent of new technological solutions. For example, compliance was once a largely manual process that could take …

Read More »

The case for creating enriched digital identification processes

As the world heads toward an increasingly digitized economy, there are more and more choices for how individuals and businesses consume financial services. But in working toward this future and its seemingly inevitable integrated digital ecosystem, some important issues remain unresolved. Perhaps one of the most important is developing efficient …

Read More »

Are biometrics foolproof?

Biometrics has become a USD 14 billion industry, largely driven by the rise of biometric security in mobile technology. In fact, 57% of apps today feature a biometric login option, and many are now choosing biometrics as the way to verify their identities or approve payments. But is the safety …

Read More »
  • Categories

  • Main topics