Mobile wallet use is growing. Most consumers (65%), however, want one payment application on their phone, and most would prefer that that application be from their bank. This presents a …
Read More »NBKR holds mobile balance payments violate law
The National Bank of the Kyrgyz Republic (NBKR) is insisting that the laws and regulations of Kyrgyzstan prohibit mobile operators from allowing customers to use their mobile balances to pay …
Read More »What’s hot and what’s not in the U.S. Fintech
Finovate and the Fintech Cocktail Club joined up to determine what’s trending and what’s not in U.S. Fintech. Regtech was found to be the hottest trend, with artificial intelligence, open …
Read More »First-ever factoring app hits Polish market
Raiffeisen Polbank in Poland has launched a mobile banking application for factoring, the first such mobile app on the Polish market. The application allows users to submit invoices for funding, …
Read More »CIS Conference: Sales and cost efficiency growth, 21–22 September, Kyiv
Kiev will host the 6th SME Banking Club Conference in September 2017. The key focus this year will be on SME finance re-start in the digital era and will include …
Read More »Europeans comfortable with digital banking, payments
The annual Visa Digital Payments Study has found that 77% of Europeans now use their mobile devices to keep track of their finances and make everyday payments. 62% use a …
Read More »Liberty Bank launches ‘My Concierge’ service
Liberty Bank has added the ‘My Concierge’ service, which allows users to receive SMS notifications about debts owed and make automatic monthly payments to selected service providers. The new service …
Read More »New project to boost access to digital finance
The ‘Electronic and Digital Financial Services’ project is being launched by the International Finance Corporation (IFC) to boost financial inclusion in Azerbaijan by improving access to digital financial services for …
Read More »Mobile banking trends in Eastern Europe and Central Asia
The website Future banking recently conducted a review of the development of mobile banking in Azerbaijan, Belarus, Georgia, Kazakhstan and Ukraine. The trends in these countries revolve around mobile electronic …
Read More »Mobile data enabling banks to develop better customer service
Sberbank is developing a model of a digital office that will allow clients to use the bank’s mobile application and other alternative channels to communicate with the bank. As a …
Read More »Self-boarding of corporate clients becoming more popular
Many banks are now moving to self-boarding for corporate clients in regards to their online account accesses and privileges. Self-boarding allows corporations to set up their own users for their …
Read More »Customer-driven card-control systems gaining in popularity
Customer-driven card-control systems are starting to become more popular. They also provide greater security and a way for customers to control their payment instruments via one smartphone-ported application. Specifically, card-control …
Read More »Alfa-Bank going mobile only
Alfa-Bank has stopped development on its internet banking to focus solely on the development of mobile banking as more and more users increasingly use that service. The bank’s concept of …
Read More »Humo launches revolutionary mobile application
The microcredit deposit organization Humo has launched its mobile application, Humo Online. The service provides access to bank accounts, transfers and payments as well as allows for the monitoring of …
Read More »Traditional banks increasingly embracing Fintech
Once seen as a disrupter, Fintech is now being embraced by many traditional banks as the fast-track to digital and cultural transformation that is necessary to attract and keep customers …
Read More »Georgia’s future bright with cryptocurrencies
Andrew Trion-Hill, an expert on electronic money who arrived in Georgia in 2007 to develop an electronic money system, is predicting that Georgia has a great future with cryptocurrencies. Mr. …
Read More »Modernizing ATMs for new banknotes requires little cost
In May 2017, the Central Bank of Armenia announced that it would put into circulation new composite banknotes that offer a higher degree of security and are of a better …
Read More »Ushba.io: the new Georgian platform for cryptocurrency trading
Ushba.io is a new Georgian platform for cryptocurrency trading. The platform enables people to exchange cryptocurrency and contact each other through a mediator (peer-to-peer trading). At the same time, consumers …
Read More »E-mortgage system launched in Azerbaijan
The government of Azerbaijan has completed the integration of an e-mortgage system, the Azerbaijani Mortgage Fund (AMF), into its e-government portal. This means that, as of August 1, 2017, it …
Read More »Should – be – known facts about the ATM
The automated teller machine (ATM) turned 50 years old this June. In celebration of its 50th anniversary, here are little-known facts about the ATM: The first “cash-dispenser” was installed in …
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