BFC Bulletins Monthly News Digest

Kiev will host the 6th SME Banking Club Conference in September 2017. The key focus this year will be on SME finance re-start in the digital era and will include …

The annual Visa Digital Payments Study has found that 77% of Europeans now use their mobile devices to keep track of their finances and make everyday payments. 62% use a …

Liberty Bank has added the ‘My Concierge’ service, which allows users to receive SMS notifications about debts owed and make automatic monthly payments to selected service providers. The new service …

The ‘Electronic and Digital Financial Services’ project is being launched by the International Finance Corporation (IFC) to boost financial inclusion in Azerbaijan by improving access to digital financial services for …

The website Future banking recently conducted a review of the development of mobile banking in Azerbaijan, Belarus, Georgia, Kazakhstan and Ukraine. The trends in these countries revolve around mobile electronic …

Sberbank is developing a model of a digital office that will allow clients to use the bank’s mobile application and other alternative channels to communicate with the bank. As a …

Many banks are now moving to self-boarding for corporate clients in regards to their online account accesses and privileges. Self-boarding allows corporations to set up their own users for their …

Customer-driven card-control systems are starting to become more popular. They also provide greater security and a way for customers to control their payment instruments via one smartphone-ported application. Specifically, card-control …

Alfa-Bank has stopped development on its internet banking to focus solely on the development of mobile banking as more and more users increasingly use that service. The bank’s concept of …

The microcredit deposit organization Humo has launched its mobile application, Humo Online. The service provides access to bank accounts, transfers and payments as well as allows for the monitoring of …

Customers of Anelik Bank can now use the Idram payment service to make payments on their loans at any time of the day. This can be done via the website …

Once seen as a disrupter, Fintech is now being embraced by many traditional banks as the fast-track to digital and cultural transformation that is necessary to attract and keep customers …

Andrew Trion-Hill, an expert on electronic money who arrived in Georgia in 2007 to develop an electronic  money system, is predicting that Georgia has a great future with cryptocurrencies. Mr. …

Ardshinbank has become the first in Armenia to begin issuing the ArCa-MIR chip payment cards, which are  serviced in both Armenia and Russia. The main purpose the joint cards is …

In May 2017, the Central Bank of Armenia announced that it would put into circulation new composite banknotes that offer a higher degree of security and are of a better …

VTB Bank Armenia, which has the largest branch network in Armenia, has become one of the first banks in the country to make use of the EarlyOne remote queue management …

Ushba.io is a new Georgian platform for cryptocurrency trading. The platform enables people to exchange cryptocurrency and contact each other through a mediator (peer-to-peer trading). At the same time, consumers …

The government of Azerbaijan has completed the integration of an e-mortgage system, the Azerbaijani Mortgage Fund (AMF), into its e-government portal. This means that, as of August 1, 2017, it …

The automated teller machine (ATM) turned 50 years old this June. In celebration of its 50th anniversary, here are little-known facts about the ATM: The first “cash-dispenser” was installed in …

In March 2017, the Russian Ministry of Communications  promoted a draft law to change the procedure for issuing reinforced qualified electronic signature (RQES) certificates. The proposed law would move the …