BFC Bulletins Monthly News Digest
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 »Modernizing ATMs for new banknotes requires little cost
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 …
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 »Credit debt information to be hosted on e-government portal
Azerbaijan’s Cabinet of Ministers has amended the Instruction on the Rules of Notary Movements to allow negative credit histories of citizens to be published on an e-government portal. Detailed information …
Read More »Will your job become automated?
What if, in the not-too-distant future, there won’t be enough jobs for people? Some economists believe that, as robots and artificial intelligence become increasingly capable of performing tasks, there will …
Read More »Russian MIR national system to be included in Armenia’s register of payment systems
The Central Bank of Armenia has included MIR, the national payment card system of Russia, in its register of active payment and settlement systems. The move is part of a …
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. …
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