The St. Petersburg International Economic Forum hosted a discussion with the heads of Yandex, Tinkoff and Severstal, during which the three discussed ideas on the development of technologies. Highlights of …

Russia’s Sberbank has a plan to create a fully-functional online ecosystem that combines banking services and non-financial services by 2024. To do this, the bank has been spent more than …

Russian bank Sberbank is planning to launch a music streaming service in the near future. Currently, the bank is looking for a partner and is reportedly in negotiations with Yandex, …

Russia has seen a boom in the number of smaller businesses in the last few years. Unfortunately for them, traditional lenders are, by and large, still focused on providing services …

A new online platform (ISMET.kz) represents the next step for what a marketplace can offer businesses in Kazakhstan. Created by Kazakhtelecom JSC, it is the first B2B site in the …

As is the case around the world, business-to-business (B2B) payment solutions in Russia are lagging behind business-to-consumer (B2C) solutions. In fact, B2B transfers are still a relatively painful process in …

Sberbank has announced a new service for corporate clients that will guarantee the fulfillment of a supplier’s obligations or give a full refund. The service also works in the other …

A pilot project on digital signatures has just been launched in Kyrgyzstan. Starting this month, reports from those engaged in foreign economic relations (i.e. importers and exporters) will only be …

Tinkoff has launched a free financial accounting service for entrepreneurs to analyze and monitor the state of their business. The service allows users to: plan, group and analyze cash flows, …

Kairat Mazhibaev, Chairman of the Board for RESMI Group, has announced the creation of the Respublika Financial Systems Group. This new Group is planned to be an umbrella brand for …

Participants at the Visa Everywhere Initiative competition presented their innovative solutions designed to help solve local market challenges and create new products and services in the field of financial technologies. …

E-Commerce and FinTech Hackathon 2019, organized by KG Labs and financially-supported by GIZ’s Trade Facilitation in Central Asia project and Interbank Processing Center, was held June 14-16, 2019 in Bishkek, …

BFC experts took part in E-Commerce and FinTech Hackathon 2019, which was held June 14-16, 2019 in Bishkek, Kyrgyzstan. During the event, participants were given 54 hours to turn their …

The National Bank of Kazakhstan has initiated an open API program that will eventually allow consumers in Kazakhstan to use the internet services of any bank in the country. The …

The National Bank of Kazakhstan, together with the banking community, is implementing a number of new initiatives on the digitization of financial services such as its launch of the interbank …

The Union of Banks of Kyrgyzstan has met with representatives of Kyrgyzstan’s Financial Intelligence Unit about establishing a digital information exchange system with the intelligence agency. The exchange channels are …

The National Bank of Tajikistan is asking consumers to report the shortcomings they encounter with financial institutions in the country. The regulator believes that this will help eliminate problems arising …

Uzbekistan has embarked on an effort to ensure adequately-trained professionals are available for Uzbek businesses following a severe shortage of such personnel in the country. To accomplish this, Uzbekistan must …

FinTech companies in Kazakhstan have helped thousands of people gain access to fast and convenient financial resources. Yet, FinTech companies in Kazakhstan are facing the same problems as FinTech companies …

Uzbekistan and Belarus have come to an agreement on the mutual training of IT specialists. Under the agreement, students will study the first half of the four-year course in Uzbekistan …