Financial institutions have become the epicenter of cyber-attacks, with a successful attack on one rippling through the highly-interconnected financial system. With the rate, pace and sophistication of cyber-attacks continuing to …
Read More »State use of biometric data: good or bad?
Biometric data is being harnessed the world over as a way of identifying us and protecting us from the fraudulent use of our personal information. And governments around the globe …
Read More »Video: cybersecurity and financial services
Join Emmanuel Le Marois, a manager at the Association for Financial Markets in Europe (AFME), as he discusses why cybersecurity is an important issue for financial services, what cybersecurity actions …
Read More »Open banking is uberizing Ukraine’s financial services
The era of open banking has come, and it is already starting to change the rules of the game for financial institutions around the world. As this trend continues, it …
Read More »New universal scoring platform to launch in Kyrgyzstan
A new universal scoring platform has been presented in Kyrgyzstan as part of the ‘Eurasian Digital Platforms’ international competition. The new platform uses data from communications operators, credit bureaus and …
Read More »Corporate banking in Russia heading towards the digital
Much attention has been given to the fact that Russia is considered as a top 5 country in terms of digital banking in Europe. Until now, however, most of this …
Read More »MasterCard and IBM create Truata, an independent data trust
MasterCard and IBM have founded Truata, an independent trust that will allow companies to conduct analytics while complying with the upcoming General Data Protection Regulation (GDPR) of the European Union …
Read More »The rise of RegTech
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 …
Read More »FinNext 2018 conference to be held in Moscow on February 15th
FinNext 2018 will be held on February 15, 2018 at the Digital October conference center in Moscow. The event will bring together more than 600 participants and will feature 50 …
Read More »Bank BGZ BNP Paribas leading the way with fintech and startups
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 …
Read More »Predictions for artificial intelligence, big data and analytics in 2018
A new Forrester Research report predicts that, in 2018, enterprises will finally move beyond the hype and recognize that artificial intelligence requires hard work and proper planning to be deployed …
Read More »Artificial intelligence and machine learning in Russian banks
Artificial intelligence and machine learning have taken a significant step forward in usage in Russian banks. Here are ways Russian banks are taking advantage of this new technology: Sberbank has …
Read More »Five key areas for the use of artificial intelligence
Herman Gref, head of Sberbank, outlined five key areas for the use of artificial intelligence while speaking at the ‘Open Innovations’ forum: Customer-interaction bots — as artificial intelligence learns, it …
Read More »Big Data uses in financial institutions
The usefulness of Big Data and how this type of analytics can be deployed in financial institutions is only starting to be understood in Kazakhstan. Specifically, there are a number …
Read More »Top 10 retail banking innovations in the world
The Efma–Accenture Banking Innovation award program is an initiative program aimed at identifying and awarding the most innovative projects in retail banking at a global level. The program, now in …
Read More »Alfa-Bank’s digital transformation
Alfa-Bank, like many banks in Russia, is undergoing a digital transformation. The bank has divided this transformation into two main areas: customer-related and internal. Digitalization related to customer experiences includes …
Read More »Mobile data enabling banks to develop better customer service
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 …
Read More »Credit scoring using Big Data
Credit institutions are constantly developing their scoring system to better prevent bad loans. To assess the solvency of potential borrowers, banks look at things such as age, social status, level …
Read More »Banks need to become Lords of Data
The simple fact is that banks are not currently good with data. When someone involved with technology talks about a single view of a customer, most banks laugh and believe …
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