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Tag Archives: Regulation

BFC FinTech Monitor 20th – 27th March

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: McKinsey and Company has issued recommendations for financial institutions regarding COVID-19 as well as probable economic consequences of the pandemic. A study by CB Insights has …

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BFC FinTech Monitor 13th – 20th March

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: The FinTech Times has predicted how the outbreak of the coronavirus and the subsequent quarantine measures will impact the FinTech market. Specifically, they predict that, although people will …

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BFC FinTech Monitor 5th – 13th March

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: Amsterdam will play host to the Money 20/20 international FinTech conference in mid-June. Confirmed speakers include experts from Goldman Sachs, Netflix and Airbnb. According to a …

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BFC FinTech Monitor 27th February – 5th March

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor and telegram channel FinTech Wave.   Around the World: ATMmarketplace.com has released a new report on the main digital banking trends. It revealed that (1) Apple has set new standards, …

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BFC FinTech Monitor 20th – 27th February

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor and telegram channel FinTech Wave. Around the World: In 2019, FinTech startups attracted a total of USD 34.5 billion in investments (1,913 total transactions). Nearly half of this amount (USD …

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An overview of biometrics in the former Soviet Union

How are financial institutions in the former Soviet Union using biometrics? Are investments made into these solutions always justified? This short overview will get you up-to-date. Russia: Leading Russian developers are currently implementing the Unified Biometric System project, which is being led by biometric specialists who have strong experience in …

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BFC FinTech Monitor 13th-20th February

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor and in the telegram channel FinTech Wave.   Around the World: Analysts with Juniper Research predict that the volume of contactless payments will triple within just 4 years’ time. …

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BFC FinTech Monitor 3rd January – 12th February

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 …

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A quick glance at Asia’s FinTech prospects

Asia, driven by fierce competition, has been a global leader in terms of FinTech adoption. Let’s take a look at 3 key trends expected to define FinTech in Asia over the coming years: China continues to be a leader. China is still the market setting the pace for FinTech innovation …

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12 Fintech Trends To Watch For In 2020

Many experts think that 2020 will become a year of greater changes and transformation in financial industry. Let’s have a look at the trends that are expected to disrupt banking and financial services this year and beyond.   Digital Payments Apple Pay, Google Pay, Samsung Pay and other systems have …

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3 key payment trends for 2020

The payment industry continues to expand and evolve, with digital payment vehicles and transaction volumes growing across the globe. Experts anticipate that 2020 payment trends will push the development of payments even further. Here are 3 payment trends for 2020: Competition between closed and open payments platforms – there is …

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7 developments awaiting the Russian banking sector in 2020

Russia’s banking market has already proven itself to be very dynamic. But with changing regulations, new business models and new innovations coming to market, 2020 promises to be an interesting year for banking in Russia. Here are 7 trends expected to define banking in Russia this year: Ecosystems and super-apps …

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Gray swans that could disrupt the banking sector

Although there have been a myriad of changes in the banking sector that have made banking processes faster, easier and more convenient, the basic concepts behind them remain largely unchanged. But what low-likelihood, high structural impact events (gray swans) could trigger a dramatic shock to the banking sector? Here are …

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Reform efforts driving Uzbekistan’s financial sector development

In recent years, the banking sector of Uzbekistan has been undergoing a number of reform efforts aimed at improving the availability and quality of financial services, something important for sustained economic growth. The main priorities have been on the further development of payment systems, strengthening the financial stability of credit …

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Video: Top FinTech trends for 2020

The advancement of technology has been a consistent driver of business development, and 2020 will be no different. Here’s a quick look at the top FinTech trends for the coming year. FinTech success goes beyond a revenue model Infographic: cybersecurity drivers Banking regulations not suitable for small online lenders using …

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10 data science considerations for financial institutions

Advanced data science promises numerous benefits to financial institutions in a wide variety of areas, including marketing, sales, operations, consumer intelligence, portfolio management, risk and compliance. Here are 10 significant areas of concern that financial institutions should consider as they evaluate their technology priorities: Artificial intelligence (AI) – AI can …

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Russia’s Big Data Association to create Big Data sandbox

The Big Data Association has announced its intention to create a sandbox for working with the anonymized personal data of association customers, including data on purchases, payment types and mobile-related data. The Big Data Association hopes that the sandbox will allow association members to better design products and services. There …

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New Uzbek law defines fines, prison time for manipulating personal data

Amendments and additions to Uzbekistan’s criminal code and administrative responsibility code governing the use of personal data have been signed into law. The updated legislation outlines a schedule of fines and prison time for the illegal collection, systematization, storage, addition, use, provision, distribution, transfer, depersonalization and destruction of personal data. …

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