FinTech

The International Bank of Azerbaijan (IBA) has adopted a new initiative to support retirees. The ‘Pension+’ program allows IBA pension cardholders to receive a loan of up to AZN 100. …

Some lenders are setting traps for customers in their online services designed to compensate for financial losses suffered following stricter interest rate regulations imposed by the government of Georgia. One …

The European Commission intends to finance Azerbaijan’s 2018–2019 projects associated with the “Harmonizing Digital Markets of EU and Eastern Partnership Countries — HDM Initiative”. The projects will cover six focal …

A Russian bank, “Открытие”, is planning to operate a facial recognition system in its three Moscow branches. The main goals are to optimize the client service/interaction experience and shorten waiting …

Speaking at a press conference presenting reforms in public procurement processes, Deputy Finance Minister Karen Tamazyan announced that the e-procurement system ARMEPS is constantly being improved and that it is …

Economic adviser Maya Mikeladze announced that the recently approved bill, aimed at restricting online loan services, has been signed by the President. The bill was put forward as a way …

2017 will mark the beginning of a large-scale remodeling of the capital market needs in Georgia. Georgia’s National Bank, Central Depository and stock market will all be infused with new …

The Financial Markets Supervision Chamber (FMSC) and the Azerbaijani Ministry of Taxes have agreed that commercial banks will postpone the implementation of a VAT charge in e-commerce operations for one …

VTB Bank’s express money transfer system now includes Nova quick payment terminals. All across Georgia, five thousand Nova terminals have been placed, allowing money to be sent within minutes. Transfer …

In order to ensure better reliability for customers and timely customer notification, VTB Bank in Armenia has launched a free SMS notification service for customers. Bank customers will be able …

Poland’s Idea Bank has launched the world’s first ‘pay-as-you-drive’ car leasing model. The “Happy Miles” model calculates payments for leased cars based on the distance a car travels. A GPS …

There are more than 2000 startups offering traditional and new financial services today, the number growing more than twofold during the last year. Retail, commercial and large corporations are all …

As banking presumes to a new era, the era of digital banking, the CIO (Chief Information Officer) also has to adjust. Today’s CIO in the banking industry is expected to …

Digital-only B1NK, part of Capital Bank Kazakhstan, has unveiled the region’s “first” chat and payments bot – using Telegram Messenger. Gani Uzbekov, CEO, Capital Bank Kazakhstan, confirms that people of …

The bank ВТБ (Azerbaijan) completed the first phase of implementation of the Electronic Document Management (EDM) system. The decision came from the need to optimize the bank’s internal operational processes …

Fintech is a hot market. All around the world, startups are launching, challenger banks are formed, and fintech is on everybody’s lips. In this free webinar, is revealed how banking and …

An interesting case study for the one considering moving towards Data Field Acquisition. The objective of this study is to provide clarity on the impact of Digital Field Applications (DFAs) …

“Alternative Delivery Channels and Technologies” is a very useful handbook for those interested to keep up with the innovative information and communication technology. The beauty of this reading is that …

A must read winter holiday book; the seminal work on disruptive innovation — for everyone confronting the growth paradox. The authors of the book, Clayton Christensen and Michael Raynor, expand …

With Bitcoin’s underlying use of blockchain technology and Sweden piloting a new land registry that also makes use of blockchain, many are now asking: “what is it?” In short, blockchain …