The idea of developing and implementing a central bank digital currency (CBDC) is gaining traction in governments around the world. Take a quick glance of the benefits of a CBDC in this illuminating infographic. Video: how electronic payments work Is Big Tech the Future of Banking? How one cybersecurity firm …

We live in a world where data is abundantly available and has become king. With concerns rising over use of personal data, governments were quick to pass laws (e.g. the General Data Protection Regulation (GDPR) and Russia’s Regulation No. 152-FZ) aimed at ensuring consumers that they (and their personal data) …

The Kiev-based startup company IntelSoft has created a smart platform that is capable of detecting bank fraud and disgruntled consumers at a rate that exceeds 90%. The platform uses mathematical models to build its own predictive analytics models, meaning that companies using the platform no longer need to keep highly-qualified …

The share of non-cash payments in Belarus has been constantly increasing, reaching 90.5% in the first quarter of this year (as compared to 49.7% in 2010). Moreover, Belarus now ranks 3rd in the region (behind only Georgia and Russia) in terms of number of contactless transactions. This trend has, obviously, …

Dr. Nick Hughes OBE, executive fellow at the Wheeler Institute, joins Rajesh Chandy to discuss the impact of digital payment solutions in emerging markets in this illuminating video, which is part of the Wheeler Institute’s COVID-19 video series. Video: banking on digital innovation — APIs Infographic: digital banking customers BFC …

A new retail banking consumer “pulse” survey by the Boston Consulting Group is helping identify short- and long-term shifts in consumer behavior and sentiment on the basis of data from more than 5,000 respondents across 15 markets, especially as related to channel usage, customer satisfaction with how financial institutions managed …

COVID-19 has resulted in an economic contraction that will likely be the deepest since World War II. It has also put tremendous stress on the banking industry. At the same time, this stress has helped show financial institutions what is actually possible in terms of change. And it is time …

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: Analysts with CB Insights have teamed up with Fast Company to compile a list of 50 companies poised to become the next “unicorns” and receive an estimated total …

We’ve already seen some of how COVID-19 has changed our thoughts on the financial industry and how we engage with it. But it’s also important to look toward the future and try to understand what is driving the future of the industry once we move past COVID-19. Economics – low …

COVID-19 has spurred a fundamental shift in consumer behaviors and expectations. This shift is also impacting the way in which financial institutions interact with consumers as well as the way they are likely to be viewed by consumers in the long term. With that in mind, let’s take a look …

Speaking at the Deloitte How Will COVID-19 Change the Banking Industry? webinar, Alexey Voylukov, vice president of the Association of Banks of Russia, outlined how 3 trends arising out of the COVID-19 pandemic are defining how banking will look in the future. These 3 trends are: (1) an acceleration of …

COVID-19 has impacted the way Kazakhstanis are living their lives, and many believe that the new normal will look very different from the old one. Within the banking sector, COVID-19 has pushed 7 key changes: Push toward online – COVID-19 has forced a quick transition to online financial services as …

Emmanuel Daniel, founder of The Asian Banker, discusses how commercial financial institutions around the world, by and large, failed consumers during the COVID-19 pandemic as well as the emerging new standards upon which commercial financial institutions are likely to be assessed in a post-COVID-19 world. Infographic: what is open banking? …

Panel experts Mary Mack (Senior Executive Vice President and CEO of Consumer and Small Business Banking at Wells Fargo), Daniel Sheehan (Chairman and CEO of Professional Holding Corp and Professional Bank) and Chris Zingo (Executive Vice President and General Manager of the Americas at Finastra) join moderator Michael Piwowar (Executive …

Philip Augar, financial expert and author on financial systems, connects with Andrew Hilton and Jane Fuller of the Centre for the Study of Financial Innovation to discuss the future of banking systems, especially how they respond in times of crisis. Infographic: alternative lending timeline COVID-19 might finally bring FinTechs and …

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: MobilePaymentsToday.com has released materials outlining how the COVID-19 pandemic has affected the mobile payments industry. British startup Curve has announced the release of multicards that do not use numbers. Instead, …

Finch Capital has released FinTech: The Future Post CV-19, a detailed analytical report that outlines the challenges and opportunities for FinTechs during and, more importantly, after the COVID-19 crisis. The key findings of the report include: Most of the world will likely be going through the crisis until the 3rd …

Stephen Hopkins, an expert on the Chinese FinTech space, outlines how the COVID-19 crisis has impacted China’s FinTech ecosystem and how some government policies could help mitigate some of the negative effects of the outbreak. China UnionPay and banks create unified payment app Video: the benefits and challenges of FinTech, …

Mitchell Green of Lead Edge Capital shares his insights on investments in tech companies during the COVID-19 crisis. 6 imperatives for financial institutions to return to profitable growth Video: FinTech expectations for 2019 Video: artificial intelligence in fraud processing

Dushyant Shahrawat, strategic insights advisor on FinTech investment banking at Rosenblatt Securities, discusses how the COVID-19 crisis is affecting the FinTech industry as a whole. Infographic: 2017 Consumer Cybersecurity Confidence Index Video: what is online lending? Infographic: Top 10 digital transformation trends For 2020