BFC Bulletins Monthly News Digest

Pasha Bank will become the first in Azerbaijan to introduce the Asan Imza electronic certificate. This e-certificate will act as a mobile e-signature, allowing customers to verify their identity electronically …

Europe’s fintech industry, which includes challenger banks and online-only lenders, has rapidly expanded over the past 10 years, giving fierce competition to traditional financial institutions. This competition has led to …

The Fintechstars hackathon took place in Almaty and featured 100 programmers working to develop financial technology projects. During the 48-your hackathon, participants proposed various projects, including many for services to …

Bank of Cyprus customers will be first in the world to enjoy biometric convenience on a contactless payment card. The Bank of Cyprus, in cooperation with Gemalto, has developed the …

Open banking is becoming a trend in markets worldwide as it enables for quicker, more efficient use of customer data to create customer-centric experiences and meet the increasing demands for …

The International Financial Center Astana (IFCA) will begin cooperation with Amazon Web Services (AWS) to develop a fintech ecosystem and maintain the atmosphere of innovative startup projects in Kazakhstan. Each …

GPB Digital Fund, daughter organization of Gazprombank, has created API Bank, a banking services designer that will enable users to create banks under their own brand without needing to obtain …

Visa has awarded Alfa-Bank Kazakhstan for the successful launch of the Beeline card, a unique product for the domestic e-commerce market that was launched with Beeline Kazakhstan and the fintech …

The future of banking is one that creates an ecosystem of interconnected services and allows customers to simplify their daily lives by fulfilling a variety of needs in a single, …

Citi has opened an API portal for Russian financial companies that will enable users to create applications and integrate service solutions for retail customers. The Citi developer hub site has …

The National Bank of Kyrgyzstan has submitted a draft of amendments and additions for public discussion which would ban the replenishment of electronic wallets from mobile phone balances. The move …

The Shenzhen representative office of the China Securities Regulatory Commission has issued Tencent a mutual investment fund license, opening the door for the WeChat messenger owner to sell shares directly …

Bank BGZ BNP Paribas is leading the way in working with fintech innovations and startups in Poland. Bank BGZ BNP Paribas believes that banks and fintech should go hand-in-hand in …

New technologies help expand financial inclusion, but their uptake requires several careful considerations. Pilot projects supported by the Asian Development Bank (ADB) at Finca Bank Georgia and at Cantilan Bank …

Speaking at a fintech conference in Tel Aviv, Tamar Yassur, head of digital banking at Bank Leumi (Israel’s second largest bank), stated that banks must become active in the world …

Poland’s Alior Bank has adopted the ‘Digital Disrupter’ strategy through 2020. As part of this strategy, the bank intends to increase cooperation with fintech companies, especially in terms of getting …

Sberbank adopted a forward-thinking approach to creating its new, flexible platform, and the bank has decided to open access to elements of its platform through an API as well as …

Andrey Kosach, top manager and board member of Belarus’s Alfa-Bank, has observed that fintech in Belarus has been gaining traction in recent years and believes that this momentum will continue. …

The United Kingdom has passed new rules, called Open Banking rules, that will force large banks to implement APIs in order to standardize safe access to customer data. The effect …

Banks are energized by financial technology companies’ innovation, but remain cautious when it comes to acquiring them. Top officials at banks have demonstrated trouble gauging fintech solutions’ earning power. Moreover, …