BFC Bulletins Monthly News Digest

Video: open APIs – the future of banking and finance Sberbank’s new platform pushes bank into becoming technology company Digital customer service

There are many points within the client experience, including onboarding, where high-quality digital interactions can help enhance client-bank relationships and give clients access to a broader range of services. Infographic: …

WealthTech companies have been growing in recent years thanks to an increase in investments into this space. CB Insights recently categorized more than 90 of them into 7 main categories …

New technologies within the FinTech and WealthTech spaces are bringing new opportunities for everyone to invest the same way the privileged do, opening up the space for new startups to …

Almost USD 17 billion in investments in challenger banks over the past five years has driven the growth of WealthTech funding. In fact, investments have increased over that period at …

CB Insights analyst Matt Wong gives a brief overview of WealthTech and millennials relationship with it. Digital customer service 6 imperatives for financial institutions to return to profitable growth Startups …

Evolving consumer expectations, the rapid adoption of technology and new competitors are placing new demands on today’s wealth management companies and reshaping the whole look and feel of the industry. …

BigTechs have been rapidly moving to offer a wide range of financial services. But the role of BigTechs in the financial sector raises numerous issues as BigTechs are not regulated …

In 2019, FinTech is not a new concept, with most people having at least some understanding of it. But this is not the case for TechFin. What is it? And …

Today’s consumers want the same level of experiences they get from financial institutions as they get from BigTechs like Amazon and Google. The reality, however, is that most financial institutions …

Over the past few years, there has been much made of the FinTech boom and how tech- and financially-focused companies were invading the financial sector from seemingly every corner. A …

BigTechs – with their size, brand recognition, distribution capabilities and technology – are already active in the financial services industry and have sufficient motivation to enter the asset management industry. …

Digital-centric companies like Amazon and Uber have raised consumer expectations regarding the experiences companies provide. These expectations are even being placed on financial institutions. Here are 4 lessons the financial …

While most companies turn to BigTechs for ways to make work easier (e.g. with software and apps), they can also teach all industries other valuable lessons about how to do …

At EBAday 2019, a group of panelists discussed the likely future of instant payments in a world of open banking. The group noted that major progress is already being made …

Facebook has announced a plan to launch its own cryptocurrency (Libra) next year. In fact, what they may be doing in launching Libra is actually creating a new financial system …

With Apple Inc. starting the rollout of its brand-new Apple Card and its availability expected to reach more than 40 countries by the end of the year, we wanted to …

U.S. banks are projected to lose as much as USD 43 billion in revenue if mobile payment apps become as popular in the U.S. as they are in China. This …

At a meeting of the financial heads of G20 countries in Southwestern Japan, a discussion was held on developing a new tax system for large internet companies such as Google …

On the surface it may seem the China’s WeChat is a social network like Facebook or WhatsApp. But with more than a billion users and a plethora of functions, it …