The Bank for International Settlements (BIS) recently published a report on non-bank financial intermediaries. In the report, BIS assessed the decentralization of decentralized finance (DeFi) as “an illusion”. In particular, …
Read More »6 Visions of Artificial Intelligence
With the disruption of artificial intelligence (AI) solutions increasing, it’s important to think about what positive economic futures we want these AI solutions to help drive. The World Economic Forum …
Read More »The State of Kazakhstan’s Digital Tenge
Binur Zhalenov, chairman of the board for the Center for Development of Payment and Financial Technologies of the National Bank of Kazakhstan, recently spoke at the FinTech without Borders: Digital …
Read More »Why Financial Institutions Are Looking to the Cloud
GFT, which has been working with the cloud since its inception, recently commissioned a study (conducted by HTF Research) of how financial institutions view the cloud. This insightful infographic highlights …
Read More »First-Ever Independent SME and Agricultural Financing Sales & Service Quality Audit Conducted in Uzbekistan
Experts from Business & Finance Consulting GmbH (BFC), with support from the Central Bank of Uzbekistan, recently presented the results of the first-ever independent sales & service quality audit (SSQA) …
Read More »Smart ATMs: A Bright Opportunity for Financial Institutions
Kirill Ovsyannikov, deputy general director for strategic directions at the Lithuanian company BS/2, recently spoke about how smart ATMs represent a new opportunity for financial institutions. Digital Payment Solutions Replacing …
Read More »Digital Transformation: The Ongoing Efforts of the Central Bank of Uzbekistan
Speaking at the 2nd international PLUS forum (entitled FinTech without Borders: Digital Asia), Shukhrat Fayzullaev, deputy director of the Payment Systems Department of the Central Bank of Uzbekistan (CBU), spoke …
Read More »Top Technology Trends for 2022
Each year, Gartner identifies technology trends that are critical to business. This year’s list consists of 12 strategic trends that will enable CEOs to deliver growth, digitalization and efficiency as …
Read More »McKinsey Report Highlights “Inevitable Changes” from CBDC Adoption
On the first day of the Sibos 2021 online conference, McKinsey released it annual Global Payments Report. Overall, the report outlined a positive (albeit somewhat unbalanced) forecast for post-COVID financial …
Read More »Digital Development in the CIS
Economists often say that the financial infrastructure is the circulatory system of any economy. When thinking about economies on a supranational level however, things quickly become more complex. As the …
Read More »100,000 Banking Jobs to Disappear in Next 5 Years
Analysts at Wells Fargo have predicted that over 100,000 banking jobs could be displaced by technology over the next 5 years. This includes approximately two-thirds of back-office jobs and one-third …
Read More »Four Keys for Successful Post-Pandemic Financial Institutions
While many point to the COVID-19 pandemic as being a massive disruption to the banking industry (and it is), the fact is that the industry was already experiencing tumult prior …
Read More »The Big Business of Deep Tech
In recent years, an increasing number of European corporations in non-technology sectors are investing in and/or forming partnerships with startups and smaller companies engaged in developing solutions based on emerging …
Read More »Decentralized Finance Vs. Wall Street (Video)
Is a world without banks possible? Maybe. Decentralized finance (DeFi) is an emerging ecosystem of financial apps and protocols built on blockchain technology that has the power to challenge our …
Read More »The Importance of FinTech in Central Asia
Central Asia has enormous FinTech potential as access to mobile communication devices and the internet continue to increase, especially with the rising popularity of digital payments, better government support initiatives …
Read More »Celebrity Cryptocurrency Clout
A recent social media post from Kim Kardashian encouraging her followers to “join the Ethereum Max community” serves as a reminder that target audiences for cryptocurrencies are radically different from …
Read More »2nd International Plus-Forum to Be Held in Almaty
The 2nd International Plus-Forum is being held at the Rixos Almaty Hotel in Almaty, Kazakhstan October 27–28, 2021. This year’s theme, FinTech without Borders. Digital Eurasia, will feature speakers and …
Read More »Cloud Computing Services Industry Set to Boom
ResearchAndMarkets.com has published the results of their exploration into the impact of COVID-19 on cloud computing services. Digital payment solutions: from possible future to inevitability BFC FinTech Monitor (29th November …
Read More »Open Banking Brings a Challenge to Card Dominance in Payments
Open banking platform TrueLayer recently commissioned independent research to examine open banking in the UK and EU. The report outlining the findings of this research clearly shows that: Open banking …
Read More »The Pulse of FinTech in the First Half of 2021: A New KPMG Report
KPMG has released their Pulse of FinTech H1’21 report, detailing the incredibly strong start for the global FinTech market in 2021. Moreover, this strong performance isn’t just dominated by one …
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