Paytech, Arab Financial Services (AFS) and Brankas have published a new whitepaper on open banking in the MENA region. The paper highlights an expectation that the region (especially Bahrain, Saudi …
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Younger Generations Prefer Brand-Linked Banking
A recent study by Vodeno/Aion Bank revealed that younger consumers are increasingly opting for their favorite brands over traditional financial institutions for financial services. Surveying 3,007 consumers across Belgium, Germany …
Read More »PayPal’s Stablecoin Launch Could End the Crypto Winter
PayPal’s launch of the PYUSD stablecoin has the potential to shift the cryptocurrency landscape from speculative ventures to practical payment applications. The combination of the first US financial firm (and …
Read More »93% of Central Banks Globally Interested in CBDCs
A 2022 survey by the Bank of International Settlements (BIS) has found that 93% of central banks globally are interested in exploring some form of central bank digital currency (CBDC). …
Read More »60% of Consumers Turn to Fintech Apps Before Financial Professionals
According to Capterra’s 2023 Fintech Survey of over 870 consumer fintech users, fintech apps have simplified financial management, with 60% of respondents seeking advice from personal finance tools before financial …
Read More »Barriers and Opportunities for Fintech in Central Asia
The e-commerce and fintech markets in Kazakhstan and Uzbekistan are rapidly growing, largely due to the impact of the COVID-19 pandemic; however, they are also facing challenges related to low …
Read More »Why Banks Created Zelle [Video]
Competition among peer-to-peer payment apps like Venmo, PayPal, Cash App and Zelle have been heating up in the last decade. While the initial attempts of big banks to compete in …
Read More »Fintech Solutions Can Help Consumers Achieve Financial Wellbeing
Jerry Young, the CEO of ieDigital, discussed the role fintechs have in ensuring the financial wellbeing of consumers. As personal finances come under more and more pressure, fintechs are rising …
Read More »What Are Stablecoins, and Why Are Some So Concerned about Them? [Video]
Stablecoins are being touted as everything tokens like bitcoin and ether aren’t. Whereas the price of cryptocurrencies can fluctuate greatly, stablecoins are designed to be worth the same as a …
Read More »Non-Binary Persons Feel Discrimination in Financial Experiences
A new study from Mastercard has revealed that non-binary persons feel discrimination in their financial experiences. Specifically, the study found that: 68% of non-binary persons’ IDs feature the name and …
Read More »Metaverse to Reach USD 5 Trillion Value by 2030
According to a recent study by Mckinsey and Company, the value of metaverse is expected to reach USD 5 trillion by 2030, including e-commerce (USD 2–2.6 trillion), virtual learning (USD …
Read More »Microfinance Investing through Uncertainty (24th Annual MFC Conference)
Microfinance Centre (MFC) is hosting its 24th Annual Conference June 29–30, 2022 in Istanbul Turkey. The theme of this year’s conference is Microfinance Investing through Uncertainty, which will feature discussions …
Read More »The State of Kazakhstan’s Digital Tenge
Binur Zhalenov, chairman of the board for the Center for Development of Payment and Financial Technologies of the National Bank of Kazakhstan, recently spoke at the FinTech without Borders: Digital …
Read More »Four Keys for Successful Post-Pandemic Financial Institutions
While many point to the COVID-19 pandemic as being a massive disruption to the banking industry (and it is), the fact is that the industry was already experiencing tumult prior …
Read More »Infographic: the benefits of a central bank digital currency
The idea of developing and implementing a central bank digital currency (CBDC) is gaining traction in governments around the world. Take a quick glance of the benefits of a CBDC …
Read More »Big Data pushing online credit scoring in Russia
We live in a world where data is abundantly available and has become king. With concerns rising over use of personal data, governments were quick to pass laws (e.g. the …
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 »A future without cash in Belarus
The share of non-cash payments in Belarus has been constantly increasing, reaching 90.5% in the first quarter of this year (as compared to 49.7% in 2010). Moreover, Belarus now ranks …
Read More »Video: the impact of mobile payments in emerging markets
Dr. Nick Hughes OBE, executive fellow at the Wheeler Institute, joins Rajesh Chandy to discuss the impact of digital payment solutions in emerging markets in this illuminating video, which is …
Read More »New survey reveals how COVID-19 is accelerating digital transformation in retail banking
A new retail banking consumer “pulse” survey by the Boston Consulting Group is helping identify short- and long-term shifts in consumer behavior and sentiment on the basis of data from …
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