BFC Bulletins Monthly News Digest

Monzo, a disruptive neo-bank working to expand into the U.S., recently experienced a hiccup in its data security that resulting in nearly 500,000 U.K. account holders being urged to change …

Banco Santander in the UK is offering a first-of-its-kind data science apprenticeship to non-graduates. The program, being operated in conjunction with WhiteHat, will allow the bank to build a pipeline …

According to research conducted by Crown Records Management, as many as 59% of data across U.K. organizations is unstructured. Moreover, 40% of it is dark (unused). This is not surprising …

Singaporean financial institutions have been at the forefront of taking advantage of Big Data with innovative initiatives that have resulted in positive results for both operational efficiency and customer satisfaction. …

Equifax Inc. and Urjanet are partnering to give more power to consumers and businesses to use their payment data from utility, telecom and cable providers to give a more complete …

HSBC has opened two data and innovation labs, one in London and the other in Toronto. The labs will engage in activities aimed at improving HSBC’s products and services through …

Big Data technologies are gradually entering the Kazakh market. Large companies use solutions based on them, schools of big data analysts open, state projects on digitalization are launched. A lot …

Government is the main initiator of Big Data activities in Uzbekistan. Here are the main ones this year.   The first BI analysts school in UZ The first school of …

PrivatBank is the largest bank in Ukraine. It serves more than 19 million customers. Here’s everything you need to know how the bank processes customer data.   Data sources The …

Despite the advances brought by digitalization and the wide availability of public services in electronic formats, Russians are still forced to make in-person visits and deal with physical documents stored …

Russia’s Central Bank and Rostelecom plan on using biometric data collected by financial institutions to fill out the Unified Biometric System (EBS). EBS, designed to facilitate the delivery of banking …

Kyrgyzstan has begun the process of opening their data, with the State Communications Committee working to create a portal that will give citizens access to up-to-date information from government agencies, …

The government of Kazakhstan is planning to create the Personal Data Agency under the Security Committee of the Ministry of Digital Development. This new agency will be responsible for coordinating …

Amendments to Russia’s Law on Information, Information Technologies and Information Protection are currently being discussed and could have major implications for how Big Data is used in the country. The …

In Kazakhstan, biometrics as an identification tool is still a far-away dream. Currently, the existing state database of citizens is being used for biometrics in the country. Although 11 financial …

Russia’s Central Bank has published its Main Directions for the Development of Information Security in the Credit and Financial Sphere for 2019–2021. The document outlines a plan to combat cyber …

Data is quickly becoming a point of contention between companies working to collect, process and secure it and governments seeking to force companies to provide them the data they possess. …

Participants in Russia’s emerging Big Data market, including the Internet Development Institute (IRI) and the Big Data Association (ABD) (which includes Yandex, the Mail.ru Group, Sberbank, Gazprombank, MegaFon and Rostelecom), …

The European Commission has launched an antitrust investigation against Amazon that could result in USD 23 billion in fines. The investigation stems from the fact that Amazon is itself a …

The data market is starting to come to greater prominence around the world. Perhaps nowhere is this truer than in Russia, where the data market is still largely in its …