BFC Bulletins Monthly News Digest

Idea Bank, a specialized bank for SMEs known for its creative ideas such as mobile automatic teller machines (ATMs) and co-working branches, is launching another unprecedented concept, the Idea Hub …

Terabank has made its mobile application accessible to clients without the use of internet traffic, meaning that clients can access their banking information even if their mobile data has expired. …

Bitcoin is gaining popularity as an alternative to traditional money, and the virtual currency is starting to gain popularity at different businesses around the world. Here is a list of …

Ameriabank organized a panel discussion in April 2017 with telecommunication and bank sector experts to discuss the slow development of e-commerce in Armenia. Arman Barseghyan, head of retail banking at …

VTB24 is making the move to a paperless office by having clients fill out applications for cash loans and credit cards on a tablet instead of on paper. Furthermore, instead …

Georgia is pioneering a new system for registering land titles, property transactions, mortgages, demolitions and notary services by using the same blockchain technology that underpins the virtual currency bitcoin. The …

The digital transformation of the Central Bank of Armenia will include the use of Intellect’s Quantum Central Banking System (QCBS). The QCBS will modernize and streamline business processes across multiple …

The Bank of Russia, the Federal Financial Monitoring Service and the Ministry of Communications are working together with commercial banks to launch a pilot project for remote customer identification. The …

The ‘Innovations and Startups’ banking conference on SME banking in the Caucasus will be held in Tbilisi May 24–25, 2017. The following topics will be discussed: the role of commercial …

Ameriabank has teamed up with Drops LLC to develop the new Drops application, which allows for automated payments to be made using a payment card. The Drops application works by …

Beginning in May 2017, small- and medium-sized enterprises (SMEs) from Azerbaijan, Georgia and Turkey will be able to participate in a single online trading platform. The new e-platform is aimed …

The development of new mobile banking applications on a nearly daily basis and the younger generation’s preference for digital banking is causing drastic changes in the banking industry. For several …

Unibank has launched a new version of its Unibank Mobile application for iOS and Android tablets. This last version adds few more functionalities to the previous version. Now the application …

The Central Bank of Russia has several initiatives to facilitate interactions between banks and their customers through modern technology; however, there are many strict responsibilities for customer verification that make …

This conference will have a strong focus on the digital trends for SMEs Digital topics will include: The role of digital transformation in SME banking; How to achieve successful partnerships …

Recording 100% of customer interactions means recording entire sessions so that they can be replayed exactly as the customer experienced it, including full details of date and time, devices used …

International Bank of Azerbaijan (IBA) has been nominated for the ‘Bank-Leader in e-Commerce Development’ award and the ‘Bank-Leader in Infrastructure on Contactless POS-Terminals’ award. The awards are part of a …

Determine the parameters of a normal course of business The standard parameters of business operations can be detected with the help of analysis tools. Once these parameters are determined, they …

In February 2017, Sberbank launched its new ‘Tips’ service, which won the ‘EFMA Innovation of the Month’ award in March 2017.The new service was created to provide their 20 million …

BLender, an Israeli-based lending platform active in Italy, Israel and Lithuania, is planning to expand its operations to two additional Baltic countries and Southeast Asia this year. BLender funds loans …