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:
- American FinTech startup Remitly has launched a neobank for immigrants, allowing them to transfer funds to their homelands without documents establishing residency in the United States.
- Cryptocurrency platform Ripple is planning cooperation with the payment system International Money Express (Intermex) to enable Intermex to access an on-demand liquidity solution for international transactions.
- Visa and MasterCard are investing billions of USD in FinTech startups.
- A Bilderlings senior client manager recently spoke about correspondent relationships for those planning to launch a FinTech startup in Europe.
- The robo-advisor industry is expected to reach a value of USD 1.4 trillion this year.
- The United States, in cooperation with former employees of the Commodity Futures Trading Commission, are planning the release of a digital dollar.
- The most expensive FinTech startup in Europe, Klarna, raised USD 200 million in funding from Australia’s largest financial conglomerate, the Commonwealth Bank of Australia.
- Former Tinkoff top managers are working on a rival to Revolut that will provide non-credit financial products and services to European consumers.
- Russia’s largest banks and mobile operators have found a solution to counter scammers’ phone fraud attempts.
- By 2035, 96% of all transactions related to payments and transfers will be carried out using modern technological solutions.
- A recent study conducted by the Mail.ru Group and Researchme uncovered which banking products are the most preferred by Runet users.
- The head of Sberbank’s Data Research Center discusses investments and future directions in the field of artificial intelligence.
- O.Bank, a new online-only bank, has launched in Ukraine.
- Kiev will host a conference FinAdTech Kyiv 2020 for leading webmasters and advertisers in the field of financial lead generation and FinTech solutions.
- Google Pay is tentatively planning a limited launch in Belarus this year.
- dev.by has completed a review of the main FinTech events of 2019.
- The news agency Kapital.kz has discovered the reasons why FinTech solutions are lacking in Kazakhstan.
- The new Lokibot virus is capable of accessing the online banking data of Kazakhstanis.
- Cryptocurrency payments have been banned in Uzbekistan.
- Kapitalbank has introduced the Apelsin application, a direct competitor to Payme, Click and other similar services.
- The publication Spot reveals the best places to invest your money.
- The Interdepartmental Commission for the Development of the Digital Economy has been created in Turkmenistan and tasked with developing and implementing a strategy for digital economic development through 2025.
- Residents of Azerbaijan will be able to pay for goods and services using the service PayRing.
- The National Bank of Georgia has adopted new requirements for commercial banks, microfinance institutions and other credit organizations.
- Bank of Georgia customers will soon be able to withdraw cash from ATMs via an Apple Wallet-connected smartphone.
- Georgian startup Optio.Ai has developed an artificial intelligence-based solution that will allow Basisbank customers to communication with the bank via a dialogue interface as well as manage their finances via special widgets.
- Georgia has become the world leader contactless payments, with more than 95% of transactions made via NFC devices.
- Converse Bank has launched a platform for attracting bank deposits from foreigners online.
- IDBank has opened the innovative Financial Services Center in Yerevan and also launched an innovative service for international transfers.
- Ameriabank announces that more than 12,000 consumer loans have been issued using its new online lending system.
- Armenian Prime Minister Nikol Pashinyan confirms the country’s dedication to continually reducing cash turnover.