Despite financial inclusion being a key driver for tackling poverty and boosting economic growth, there are billions of people worldwide that do not have reliable access to financial services. This …
Read More »Core principles of success in the sharing economy
The sharing economy has quickly overtaken many business sectors. To be successful in the sharing economy, a company must adhere to four core principles that also define successful entrepreneurship in …
Read More »How should financial institutions react to uberization?
The volume of information in the world is increasing exponentially, and it is becoming difficult for consumers to analyze it all. For this reason, they are turning to mediator platforms …
Read More »Will P2P lending take over the lending market?
Over the past four years, the peer-to-peer (P2P) lending market has grown by more than 1,000%, reaching USD 119 billion. Moreover, it could reach has high as USD 1 trillion …
Read More »How the sharing economy is changing life as we know it
Every year more and more people around the world are ready to use goods and services without buying them, instead giving money for the opportunity to use them at the …
Read More »How FinTech is uberizing banking
There are three main banking services people routinely use: payments for products/services (i.e. transfers from one account to another), lending (i.e. borrowing funds from a bank for a specific purpose …
Read More »Uberization turning the banking business model upside down
Today, customer experience is measured by how much friction is removed, with the new standard being asking Alexa to order an Uber (which arrives in near real-time). For financial institutions …
Read More »Uberization offers a brighter future in the financial sphere
Data provides a solid foundation for sound decision-making; however, the availability of data is increasingly at an exponential rate, and it is becoming harder and harder for the average person …
Read More »Why the sharing economy is bad for the GDP
While many celebrate the emergence of the sharing economy, James Pennington, consultant on economic issues to the British Foreign Office, warns that the sharing economy, although beneficial, is not good …
Read More »Open APIs driving the uberization of payment services
Uber revolutionized the car transportation business when it created a market capitalization of billions of dollars without owning cars or carrying any stock. Similarly, the open API economy has acted …
Read More »UK regulator proposes new rules on crowdfunding
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 …
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 »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 »The uberization of lending in India
What Uber has done for the transportation sector, FinTech companies are now starting to do for the financial sector in India. The increasing digitization of data in the country has …
Read More »The impending uberization of Kazakh the financial services market
The application ‘Uber’ has revolutionized not only the transportation industry but also how people have come to expect services to be offered to them. Technology companies and innovators are continuously …
Read More »OPPA e-wallet enters Georgian digital market
A new electronic wallet (e-wallet) – OPPA – has entered the Georgian digital market. The OPPA brand was created by JSO OPPA (formerly Nova Technology), which operates the PayBox payment …
Read More »New universal scoring platform to launch in Kyrgyzstan
A new universal scoring platform has been presented in Kyrgyzstan as part of the ‘Eurasian Digital Platforms’ international competition. The new platform uses data from communications operators, credit bureaus and …
Read More »Innovative solution for investments in Kazakhstan
The National Bank of Kazakhstan has implemented the new ‘Invest Online’ system, an innovative solution designed to operate as a simple, free tool for individuals to invest their money in …
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