BFC Bulletins Monthly News Digest

RegTech has become one of the latest buzzwords in the FinTech world. But what exactly is RegTech? And what’s driving it? RegTech, in its broadest sense, is any technology and/or …

RegTech is one of the latest trends in the financial industry. It arose as developers began seeing the need financial market players had for technological solutions to the increasing number …

Banking industry regulations are becoming more and more complex and nuanced. Tony Reid, CTO of financial services at Hitachi Data Systems, discusses why banks are turning to RegTech to help …

Anand Sanwal of CB Insights discusses the future of RegTech. Infographic: what is open banking? 6 steps for CIOs to ensure digital success Infographic: cashless payments now reign supreme

RegTech is widely used in the financial industry to comply with regulations. However, according to Bank Director’s 2018 Risk Survey, the cost of implementing RegTech has increased. 55% of the …

The Bank of Russia presented a concept for a new financial ecosystem at the Finopolis forum in autumn 2017 and is ready to begin testing it in the second half …

Banking Technology and BearingPoint have conducted a brief survey to find out the industry view on RegTech as well as its implications for all parties. Polish realities in a PSD2 …

Since the financial crisis, the pace of new regulations has tripled, making regulatory compliance into an automated and recurring process extremely important. As such, RegTech firms are part of a …

As bank customers increasingly turn to online and mobile channels, the world of classic “brick-and-mortar” banking is becoming a thing of the past. Check out this infographic on how FinTech …

Modern banking customers want mobile technologies that let them bank whenever and wherever they want, but are banks doing enough to help customers reach their financial goals and dreams? Find …

The creation of truly smart customer identification is revolutionizing customer onboarding by making it fast, cheap and scalable. Drivers shaping the future of finance in a post-pandemic world Russian bank …

As online and mobile banking continue their rise in prominence, bank branches are expected to decrease by up to one third in the next decade. Banks, however, are starting to …

For the first time in Azerbaijan, PASHA Bank is offering consumers the opportunity to pay for parking via a mobile application. To pay for parking in this way, customers need …

The Board of the National Bank of Kyrgyzstan has adopted amendments to the resolution ‘On Electronic Money’ that prohibit the replenishment of electronic wallets (e-wallets), prepaid cards and/or virtual prepaid …

The National Bank of Uzbekistan has officially launched Milliy, its free-to-use mobile banking application. The mobile application allows users to access payment/money transfer systems as well as be able to …

The American startup Airfox represents a new opportunity in banking, especially for those without bank accounts in emerging markets. The service allows users to make purchases and transfer money while …

French bank Societe Generale has announced that it will close 300 (15%) of its branches and eliminate 900 jobs as part of its effort to expand its digital capabilities and …

The rise of generations Y and Z (as known as millennials and homelanders respectively) is changing how banks operate and will operate in the future. Generation Y is currently changing …

Digital banking is hugely popular and will only become even more popular as 71% of millennials believe that it’s “very important” to have a banking application. Moreover, 51% have made …

Yerevan-based Converse Bank has introduced its free-to-use mobile application called Converse Mobile, which allows customers to manage their accounts at any time of day from anywhere in the world. Using …