The way that we pay for goods and services seems to be ever-changing, with new technologies leading to new innovations in how to transfer payments. This will no doubt continue …
Read More »BFC FinTech Monitor (29th November – 14th December)
Stay up-to-date on all the latest FinTech news and information from around the world in the BFC FinTech Monitor. Around the World #Reports and Studies CB Insights has released an updated map …
Read More »Financial Institution Positioning for Long-Term Post-Crisis Success
According to McKinsey’s Global Banking Annual Review, financial institutions have just 18–24 months to position themselves for long-term success in the post-recovery period. In particular, the Review suggests that financial …
Read More »What’s Holding Blockchain Back?
Though blockchain has many advantages, it still has a lot of growing pains to go through before its full potential can be unlocked. Here are a few of the main …
Read More »BIS Report Highlight Need for DeFi Regulation
The Bank for International Settlements (BIS) recently published a report on non-bank financial intermediaries. In the report, BIS assessed the decentralization of decentralized finance (DeFi) as “an illusion”. In particular, …
Read More »BFC FinTech Monitor (16th – 25th November)
Stay up-to-date on all the latest FinTech news and information from around the world in the BFC FinTech Monitor. Around the World #Reports and Studies A new Frost & Sullivan report indicates …
Read More »6 Visions of Artificial Intelligence
With the disruption of artificial intelligence (AI) solutions increasing, it’s important to think about what positive economic futures we want these AI solutions to help drive. The World Economic Forum …
Read More »The State of Kazakhstan’s Digital Tenge
Binur Zhalenov, chairman of the board for the Center for Development of Payment and Financial Technologies of the National Bank of Kazakhstan, recently spoke at the FinTech without Borders: Digital …
Read More »Why Financial Institutions Are Looking to the Cloud
GFT, which has been working with the cloud since its inception, recently commissioned a study (conducted by HTF Research) of how financial institutions view the cloud. This insightful infographic highlights …
Read More »BFC FinTech Monitor (October 28–November 15)
Stay up-to-date on all the latest FinTech news and information from around the world in the BFC FinTech Monitor. Around the World: #Research According to a new Dealroom report, FinTech …
Read More »First-Ever Independent SME and Agricultural Financing Sales & Service Quality Audit Conducted in Uzbekistan
Experts from Business & Finance Consulting GmbH (BFC), with support from the Central Bank of Uzbekistan, recently presented the results of the first-ever independent sales & service quality audit (SSQA) …
Read More »Smart ATMs: A Bright Opportunity for Financial Institutions
Kirill Ovsyannikov, deputy general director for strategic directions at the Lithuanian company BS/2, recently spoke about how smart ATMs represent a new opportunity for financial institutions. Tokenized Deposits, Stablecoins and …
Read More »Digital Transformation: The Ongoing Efforts of the Central Bank of Uzbekistan
Speaking at the 2nd international PLUS forum (entitled FinTech without Borders: Digital Asia), Shukhrat Fayzullaev, deputy director of the Payment Systems Department of the Central Bank of Uzbekistan (CBU), spoke …
Read More »BFC FinTech Monitor (19th – 27th October)
Stay up-to-date on all the latest FinTech news and information from around the world in the BFC FinTech Monitor. Around the World #Research Finch Capital experts are predicting the investments in fintech …
Read More »Top Technology Trends for 2022
Each year, Gartner identifies technology trends that are critical to business. This year’s list consists of 12 strategic trends that will enable CEOs to deliver growth, digitalization and efficiency as …
Read More »McKinsey Report Highlights “Inevitable Changes” from CBDC Adoption
On the first day of the Sibos 2021 online conference, McKinsey released it annual Global Payments Report. Overall, the report outlined a positive (albeit somewhat unbalanced) forecast for post-COVID financial …
Read More »Digital Development in the CIS
Economists often say that the financial infrastructure is the circulatory system of any economy. When thinking about economies on a supranational level however, things quickly become more complex. As the …
Read More »BFC FinTech Monitor (1st – 18th October)
Stay up-to-date on all the latest FinTech news and information from around the world in the BFC FinTech Monitor. Around the World #Research Experts at Capgemini, in their World Payments Report …
Read More »100,000 Banking Jobs to Disappear in Next 5 Years
Analysts at Wells Fargo have predicted that over 100,000 banking jobs could be displaced by technology over the next 5 years. This includes approximately two-thirds of back-office jobs and one-third …
Read More »Four Keys for Successful Post-Pandemic Financial Institutions
While many point to the COVID-19 pandemic as being a massive disruption to the banking industry (and it is), the fact is that the industry was already experiencing tumult prior …
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