FinTech

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 …

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 …

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. …

TBC Bank in Georgia has announced the launch of brand new innovative products and services for corporate clients. Corporate clients will have the chance to register and open accounts remotely, …

When first encountered, blockchain can seem like a complex concept to understand; however, simple words and common associations can help overcome that complexity and make blockchain into something that can …

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 …

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 …

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 …

Terabank has made its mobile application accessible to clients without the use of internet traffic, meaning that clients can access their banking information even if their mobile data has expired. …

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 …

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 …

Ameriabank organized a panel discussion in April 2017 with telecommunication and bank sector experts to discuss the slow development of e-commerce in Armenia. Arman Barseghyan, head of retail banking at …

The digital transformation of the Central Bank of Armenia will include the use of Intellect’s Quantum Central Banking System (QCBS). The QCBS will modernize and streamline business processes across multiple …

Georgia is pioneering a new system for registering land titles, property transactions, mortgages, demolitions and notary services by using the same blockchain technology that underpins the virtual currency bitcoin. The …

VTB24 is making the move to a paperless office by having clients fill out applications for cash loans and credit cards on a tablet instead of on paper. Furthermore, instead …

The Bank of Russia, the Federal Financial Monitoring Service and the Ministry of Communications are working together with commercial banks to launch a pilot project for remote customer identification. The …

The ‘Innovations and Startups’ banking conference on SME banking in the Caucasus will be held in Tbilisi May 24–25, 2017. The following topics will be discussed: the role of commercial …

Ameriabank has teamed up with Drops LLC to develop the new Drops application, which allows for automated payments to be made using a payment card. The Drops application works by …

Beginning in May 2017, small- and medium-sized enterprises (SMEs) from Azerbaijan, Georgia and Turkey will be able to participate in a single online trading platform. The new e-platform is aimed …

The development of new mobile banking applications on a nearly daily basis and the younger generation’s preference for digital banking is causing drastic changes in the banking industry. For several …