From giving better risk evaluations to incorporating the use of machine learning algorithms, data science is reinventing the financial services industry. Uncover 5 ways financial institutions are implementing data science …

As contactless payment solutions rise in popularity amid the COVID-19 pandemic, it has become clear that digital wallets are likely to become an important part of our future. Not only …

There has been a lot of talk about how COVID-19 is changing the future of payments. The reality is that it’s not really changing the future of payments as much …

Research company Mediascope has released a study on how and for what residents of large Russian cities make online payments. The study, conducted in May and June of this year, …

Contactless payments were starting to become trendy prior to the COVID-19 pandemic. But has the pandemic accelerated the use of contactless payments? Get some more background regarding this topic in …

The COVID-19 pandemic has revealed the shortcomings of a number of traditional financial institutions, especially as related to digital transformation. Here are 4 digital transformation lessons they need to embrace …

Financial institutions operating in Eastern Europe and Central Asia were active in providing innovative services and solutions for small- and medium-sized enterprises (SMEs) in 2019. In fact, financial institutions in …

Bloomberg convened a peer community of C-level technology executives and senior decision-makers to examine how financial services leaders are embracing digital transformation to improve business continuity, modernize processes and navigate …

As we emerge from the COVID-19 crisis and look to the future, we can clearly see that banking will be very different than it was before. Perhaps most obviously, banking …

With COVID-19 seemingly somewhat under control in China, the country’s banking industry is examining the damage and preparing for difficulties. In particular, the aftermath of the crisis is expected to …

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 …

We’re now living in a new macroeconomic narrative, one with major changes taking place nearly every day. To survive in such conditions, it’s necessary to be flexible. Unsurprisingly, FinTechs are …

Many FinTechs lenders find themselves in a precarious position as uncertainty mounts over whether or not millions will be able to pay back their loans due to the impact of …

COVID-19 has caused a significant downturn in economies around the world, impacting the personal finances of millions worldwide. This, in turn, has had a major effect on P2P lending. In …

Thus far, the global payments industry has proven resilient to the effects of the COVID-19 pandemic, but the industry is far from immune. In the short term, payment providers will …

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 Anonymous sources have revealed that Google is planning …

Compliance was once viewed solely as a tool to ensure regulatory compliance, but it has quickly become an integral element of corporate culture. Much of this change in perspective is …

As the world heads toward an increasingly digitized economy, there are more and more choices for how individuals and businesses consume financial services. But in working toward this future and …

Biometrics has become a USD 14 billion industry, largely driven by the rise of biometric security in mobile technology. In fact, 57% of apps today feature a biometric login option, …

Biometrics takes advantage of the unique biological characteristics of people to identify and authenticate individuals in a reliable and fast way. Here are 7 typical use cases for biometric technologies …