The United Kingdom (UK)’s Financial Conduct Authority (FCA) has unveiled some new proposed measures following a post-implementation review of its crowdfunding rules. The FCA says it has observed “some poor …
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Open banking is uberizing Ukraine’s financial services
The era of open banking has come, and it is already starting to change the rules of the game for financial institutions around the world. As this trend continues, it …
Read More »Russia expecting an uberized mortgage market
As Russian financial institutions increasingly offer consumers more and more mobile services, the process of obtaining a mortgage will also become faster and less stressful. In fact some, including Deputy …
Read More »Online marketplace for financial services to open in Russia
We live in a world where startups are emerging everywhere thanks to the idea of aggregated information. For example, to buy a car, you no longer have to go from …
Read More »Bank of England to open new blockchain-based payment system
The Bank of England is conducting a full review of its interbank payment system, including studying the possibility of transitioning to an updated version of the real-time gross settlement service …
Read More »Russian bank launches app to teach children about finances
Russia’s Post Bank has introduced a mobile app for children aged 8-14 as a way of teaching them how to make educated financial decisions. The app allows the children to …
Read More »POPin Video Banking and MEA announce collaboration
US-based POPin Video Banking has teamed with mobile firm MEA Financial Enterprises to integrate the POPin platform into MEA’s Android and iOS digital banking applications. According to POPin, the partnership …
Read More »Digital banks provide better service than traditional ones
According to FIS, British digital banks outperform traditional ones when it comes to overall customer satisfaction. In a survey of more than 1,000 customers, 76% of digital bank customers said …
Read More »Beware of biometric identification systems
Biometric identification is gaining in popularity in Russia. In the near future in fact, it is expected that customers of Russian financial institution will be able to open an account …
Read More »Google adds messaging to its Tez payment app in India
Google is adding a chat feature to its Tez payment app in India, allowing users to directly communicate via the app itself. Google launched Tez last year and claims to …
Read More »Corporate banking in Russia heading towards the digital
Much attention has been given to the fact that Russia is considered as a top 5 country in terms of digital banking in Europe. Until now, however, most of this …
Read More »Citi app now open to non-Citi customers in bid to grow digital presence
Citi bank has updated its mobile app for iPhone with several features as part of the bank’s effort to be a nationwide digital bank. Perhaps the largest change is that …
Read More »Berlin-based online bank to use Bitcoins to issue loans worldwide
The Berlin-based peer-to-peer (P2P) lending platform Bitbond will soon allow its customers to receive loans in bitcoins and other cryptocurrencies around the world. This will help the company bypass the …
Read More »Amazon partners with Bank of America for lend-tech leap
Amazon is partnering with Bank of America as part of an effort to expand its lend-tech program for small businesses that sell on Amazon. Amazon Lending is an invitation-only program …
Read More »Four key trends for alternative lending in 2018
Gabriella Kindert, head of Alternative Credit at NN Investment Partners, explores four key trends that are likely to impact the alternative lending landscape in 2018: Intensifying competition and open network …
Read More »PrivatBank launches online credit service in Ukraine
PrivatBank has launched an online credit service that allows individuals to apply for loans of up to UAH 50,000 without having to visit a branch and deal with processing paper …
Read More »Alternative lending startups changing traditional lending in India
Startup companies are starting to rewrite traditional lending ideas in India. One such company, MoneyTap, uses a chatbot-based loan application system to give customers real-time loan processing and wire loan …
Read More »Online lenders for SMEs
In a recent interview, Mariusz Zabrocki, managing director of iwoca Poland, spoke about online lending to small- and medium-sized enterprises (SMEs). Mr. Zabrocki noted that SMEs are changing thanks to …
Read More »Sberbank offers online loan process to SMEs
Russia’s Sberbank has become the first in the country to offer loans to small- and medium-sized enterprises (SMEs) completely online. While other banks do offer businesses the chance to begin …
Read More »Google Assistant now supports voice payments
Google has announced that Android and iPhone users can initiate P2P transactions through voice commands in Google Assistant. Users can both send money and request a transfer of funds via …
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