Each end of the year, there are a myriad of lists outlining the hottest trends for the coming year. This is one of those. Let’s take a look at the …
Read More »Digital banking’s rise over classical banking
Digital banking was on pace to develop slowly, mired in the shadow of classical banking. This was especially the case in many emerging markets. However, the COVID-19 pandemic has complicated …
Read More »e-Hryvnia getting closer to launch
The National Bank of Ukraine (NBU) began working on the development of a digital version of its currency 4 years ago and began piloting it 2 years ago. This is …
Read More »Integrating customer ecosystems: tips for financial institutions
Victoria Omelchenko, CEO of the Ukrainian IT company Banza, recently presented her Client Ecosystems: The Art of Integration report at the Financial and Digital Ecosystems for SMEs: Update 2020 forum. …
Read More »Ukrainian startup unveils predictive smart platform
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 …
Read More »Ukraine’s steady march away from cash
According to recent data released by the National Bank of Ukraine, the country is moving progressively toward cashless, as is evidenced by the following: During the first 6 months of …
Read More »How financial institutions are supporting SMEs in the CIS and the Caucasus with non-financial services
There has been a large focus on how financial institutions are responding to the COVID-19 pandemic; however, much of that focus has been of the financial services they are offering …
Read More »National Bank of Ukraine updating financial sector development strategy
The National Bank of Ukraine is updating its development strategy for the financial sector, taking into account the COVID-19 pandemic. Specifically, they plan to: Consider the possibility of transferring the …
Read More »The COVID-19 crisis as a catalyst for cashless payments in Ukraine
The COVID-19 crisis is changing how people go about living their lives and could be a catalyst for permanent change in Ukraine. With increased restrictions on movements and gatherings as …
Read More »COVID-19’s impact on Ukrainian FinTech
The COVID-19 crisis is impacting the way Ukrainians work, live and conduct business. For FinTechs, this represents a tremendous opportunity as Ukrainians with low levels of financial literacy and a …
Read More »Ukrainian payment sector highlighted at Visa Cashless Forum
Earlier this year, Kiev played host to the 4th Visa Cashless Forum. In total, more than 300 participants gathered to discuss this year’s topic: “Driving the Future”. During the event, …
Read More »The state of FinTechs in Ukraine
FinTech is a booming industry in Ukraine, with more than 100 such companies operating in the country today (58% of which were founded in the last 3 years). Because of …
Read More »How the largest Ukrainian bank process Big Data
PrivatBank is the largest bank in Ukraine. It serves more than 19 million customers. Here’s everything you need to know how the bank processes customer data. Data sources The …
Read More »PrivatBank launches open API platform
PrivatBank has launched a new open API platform to allow FinTech companies to create effective, innovative solutions that work with bank data and provide consumers with new digital services. The …
Read More »The impact of PSD2 in Ukraine
With the implementation of the Second Payment Services Directive (PSD2) in the European Union (EU) and Ukraine’s relationship with the EU, it is natural to wonder about the implications of …
Read More »Is Ukraine ready for a PSD2-like initiative?
Worldwide trends in the financial sector are creating new conditions that Ukraine should follow, especially if it wishes to create a more transparent and open payment market that is attractive …
Read More »lifecell building IoT infrastructure in Ukraine
Mobile operator lifecell has begun building the first segment of its internet of things (IoT) project in Ukraine, making use of LoRaWAN technology to do it. LoRaWAN is a data …
Read More »PrivatBank launches new anti-fraud card technology
PrivatBank has launched a new system that allows users to securely change their PIN codes online, a measure that will help protect customers from card-related fraud. The system will also …
Read More »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 »BUM SME Banking Club Conference 2018
SME Banking Club will host an international conference September 20-21, 2018 in Kiev. At the conference, representatives from 26 financial institutions and 12 international speakers will come together to discuss …
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