Polish-based mBank has begun licensing its mobile and online banking system to other financial institutions outside Poland, with France’s La Banque Postale (LBP) being the first to sign up. mBank …
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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 »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 »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 »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 »Economic Development Ministry opposes making e-signature certification a state process
In March 2017, the Russian Ministry of Communications promoted a draft law to change the procedure for issuing reinforced qualified electronic signature (RQES) certificates. The proposed law would move the …
Read More »Swedish bank Nordea to introduce artificial intelligence
Swedish commercial bank Nordea is introducing artificial intelligence, which will analyze, and classify customer text messages and afterwards, distribute them to appropriate departments. The technology can analyze hundreds of messages …
Read More »Kazakhstan, the second country in the world to regulate cryptocurrencies
The Astana International Financial Center (AIFC) has announced the creation of a working group to develop an ecosystem to enable blockchain solutions in the Commonwealth of Independent States (CIS) region. …
Read More »OCBC Bank in Singapore introduces artificial intelligence-powered HR mobile app
OCBC Bank has become the first in Singapore to launch a comprehensive human resources mobile application. The system, called ‘HR In Your Pocket’, includes an artificial intelligence-powered chatbot which is …
Read More »Bank efforts dominating Polish fintech scene
Due to an era of low interest rates, banks in Poland found it difficult to compete with prices and, thus, began competing with innovations. Unlike in other markets, Polish Fintech …
Read More »Transforming smartphones into unique POS terminals for micro-sized retailers
British company Worldpay has developed and is testing a mobile application that allows for payments to be received via smartphones which support an NFC device. These mPOS terminals were developed …
Read More »Joint bank associations around Europe to maintain the ATM networks
The decrease in demand for cash and the growth of criminal attacks on ATMs have made many banks in the Netherlands and other European Union (EU) countries consider decreasing the …
Read More »EY report: Fintech penetration rates around the world
The most recent Ernst & Young survey of more than 22,000 digitally active consumers highlights the impressive and rapid growth of the adoption of fintech and its variations within 20 …
Read More »Will online cash registry crash Russian small businesses?
A Russian law on the mandatory transition to new cash register equipment has came into force on July, 2016, with the goal of optimizing state control and better tax regulation. …
Read More »Credit scoring using Big Data
Credit institutions are constantly developing their scoring system to better prevent bad loans. To assess the solvency of potential borrowers, banks look at things such as age, social status, level …
Read More »IT policies for more secured cloud usage
The following internal policies provide for maximum cloud data security and prevent unnecessary information leaks. Basic policies: employee trainings on how to handle sensitive data in various situations advanced access …
Read More »How banks can compete against an army of FinTech startups
Most retail banks are very much behind in digitalization and the rise of FinTech, focusing instead on only allowing the most routine customer transactions online. A recent analysis conducted by …
Read More »Idea Bank launches mobile coworking space – Idea Hub Express
Idea Bank, a specialized bank for SMEs known for its creative ideas such as mobile automatic teller machines (ATMs) and co-working branches, is launching another unprecedented concept, the Idea Hub …
Read More »8 unusual places where you can pay with bitcoin
Bitcoin is gaining popularity as an alternative to traditional money, and the virtual currency is starting to gain popularity at different businesses around the world. Here is a list of …
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