With concerns of a BigTech “invasion” into financing reaching an apex, it seems appropriate to examine BigTechs’ interest in the financial sector: Why might BigTechs get into banking? – financial …
Read More »Hong Kong facilitating BigTech’s push into banking
So far this year, Hong Kong’s Monetary Authority (HKMA) has issued virtual banking licenses 8 different groups, including BigTechs, as part of an initiative to promote financial innovation, enhance consumer …
Read More »Amazon Pay launches Android P2P payments in India
Android users in India can now make instant peer-to-peer (P2P) payments via Amazon Pay through a government-backed unified payments interface (UPI) platform. The new service will also allow customers to …
Read More »BigTechs threaten financial stability
According to Christine Lagarde, head of the International Monetary Fund (IMF), the entrance of BigTechs into the financial market could adversely affect overall financial stability. Ms. Lagarde specially mentioned concerns …
Read More »The race to digitize banking in the Asia-Pacific region
Competition in the Asia-Pacific region is intensifying between established financial institutions and the technology and e-commerce disruptors that threaten to carve up the payment solutions market. According to a report …
Read More »China’s TechFin giants
Chinese tech firms are moving into the banking sector in a much different way then their Western counterparts. Whereas Western BigTechs like Amazon and Google seem content in serving financial …
Read More »3 ways financial institutions in Kazakhstan can interact with BigTechs
New players, so-called BigTechs, are entering global financial markets and capturing new market niches by taking advantage of their technological innovations and huge customer bases. As these companies slowly begin …
Read More »Ozon launches card for customers
Internet company Ozon has announced the launch of its own card. The MasterCard World PayPass card serves as a payment instrument as well as gives users access to a loyalty …
Read More »Kazakhstan’s anti-monopoly committee investigating Google
Kazakhstan’s Ministry of Economy has announced the launch of an anti-monopoly investigation into Google. The announcement follows a number of complaints received after the internet giant began to block the …
Read More »Tinkoff-Yandex merger: benefits for both
A proposed merger between Yandex and Tinkoff is being heralded by many as a move that will greatly benefit both sides. For Tinkoff, they will gain access to an expanded …
Read More »Kazakhstan’s mobile finance future
Telecom companies and banks benefit from cooperation in the field of mobile finance, especially in regard to transfers and payments. In Kazakhstan, mobile finance is only at the beginning of …
Read More »The heads of Yandex, Tinkoff and Severstal discuss technological developments
The St. Petersburg International Economic Forum hosted a discussion with the heads of Yandex, Tinkoff and Severstal, during which the three discussed ideas on the development of technologies. Highlights of …
Read More »How Sberbank is transforming from a bank into an online ecosystem
Russia’s Sberbank has a plan to create a fully-functional online ecosystem that combines banking services and non-financial services by 2024. To do this, the bank has been spent more than …
Read More »Sberbank to launch music streaming service?
Russian bank Sberbank is planning to launch a music streaming service in the near future. Currently, the bank is looking for a partner and is reportedly in negotiations with Yandex, …
Read More »Video: opportunities and risks with bigtechs entering the financial sector
BIS economic adviser and head of research Hyun Song Shin discusses the entry of bigtech companies into the financial services industry and the new challenges this poses for financial regulators, …
Read More »Video: the opportunities of TechFin
Chris Skinner, chairman of the Financial Services Club UK, discusses the opportunities of TechFin. Video: putting the “experience” in “digital customer experience” Video: what’s next for the sharing economy? Startups …
Read More »Video: how bigtechs’ role in finance will evolve
Representatives from Business Insider, Dankse Bank, Erste Group Bank AG, Paypal, Frontier Economics and UniCredit Group discuss how bigtech companies’ roles in finance is likely to evolve in the coming …
Read More »Infographic: how bigtechs make their billions
Collectively, the top 5 bigtech companies generate over USD 8 billion in revenue each year, more than the country of Saudi Arabia. But how do these companies make their money. …
Read More »Video: are some bigtechs unstoppable?
Amazon, Apple, Facebook, Google and Microsoft are five of the most valuable companies in the world, earning the monikers “The Big Five” and “The Frightful Five”. Take a quick look …
Read More »Video: are bigtechs a threat to financial services?
In this excerpt from a panel on mass automation, three CEOs discuss the impact of digital companies’ actions on the financial industry and what it means for traditional players. BFC …
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