Understanding complex and interdependent financial systems has long been the proverbial pot of gold at the end of the rainbow. The sheer volume of data involved, the administrative burden of …
Read More »Data scientists: the new investment bankers
Data scientists operate by combining coding, statistics and business ideas to develop predictive models for decision-makers, while investment bankers generate investment ideas that are supported by financial models. With the …
Read More »10 data analytics startups disrupting the financial services industry
Data analytics has been the backbone of many revolutionary companies disrupting business as usual. Here are the top 10 data analytics startups disrupting the financial services industry today: Chime (mobile …
Read More »How Russia can go from lagging behind to international data science leader
Data science is a relatively new industry in Russia. And with great demand for data scientists (especially those involved with machine learning), there is a significant shortage of qualified individuals …
Read More »Integrating customer ecosystems: tips for financial institutions
Victoria Omelchenko, CEO of the Ukrainian IT company Banza, recently presented her Client Ecosystems: The Art of Integration report at the Financial and Digital Ecosystems for SMEs: Update 2020 forum. …
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 »Video: 5 ways data science is changing finance
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 …
Read More »Video: 9 data science use cases in banking
To remain relevant in the modern world, financial institutions must acknowledge the importance of data science, integrate it into their decision-making processes and develop strategies based on actionable insights. Here …
Read More »Video: how ready is the financial services industry for data analytics?
Martijn De Jong, global co-head of digital channels and data analytics at Standard Chartered, discusses whether the financial services industry is technologically intelligent enough to take advantage of data analytics, …
Read More »The importance and convenience of digital wallets
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 …
Read More »Payment solutions for a new world: biometric payment cards
Biometric payment cards are finally poised to become a commercial reality, with Norwegian company Zwipe leading the way. According to Zwipe CEO Andre Lovestam, the company plans on small-scale commercial …
Read More »2020: the great QR code renaissance
QR codes have been around for years, seemingly a marginal tech solution for a problem that didn’t exist. But as with so many things in the world after the appearance …
Read More »5 payment trends COVID-19 is pushing into reality
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 …
Read More »Digital payment solutions: from possible future to inevitability
There has been a significant shift toward digital and cashless payment solutions in recent years. In fact, investments in payment-related FinTechs have doubled investments in other technologies across the financial …
Read More »3 projections for COVID-19’s impact on payments in Europe
The COVID-19 pandemic has put a spotlight on consumer spending habits in times of crisis, and rightfully so. But it’s also important to consider its impact on the payments industry. …
Read More »How Russians pay
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, …
Read More »Ukraine’s steady march away from cash
According to recent data released by the National Bank of Ukraine, the country is moving progressively toward cashless, as is evidenced by the following: During the first 6 months of …
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 »Will Uzbekistan ever go cashless?
At the outset of the COVID-19 pandemic, the Central Bank of Uzbekistan recommended that residents switch from paying for goods and services in cash to paying for them using cards …
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