BFC Bulletins Monthly News Digest
Dresner Advisory Services examined business interest in the internet of things (IoT) as part of its 2018 IoT Intelligence Market Study. The Study also examined key related technologies such as …
Read More »2018 IoT Intelligence Market Study
Taking the internet out of IoT
SoftBank has completed the first-ever connection test in a commercial environment for non-IP data delivery (NIDD). NIDD allows users to transmit data to internet of things (IoT) devices without allocating …
Read More »How one Kazakh company is capturing the global IoT market
Kazakh companies have become actively involved in the development and introduction of new technologies in recent years, especially those related to the internet of things (IoT). One of them, OrionM2M, …
Read More »Infographic: are we ready for the industrial internet of things?
Examine what the industrial internet of things (IIoT) is and find out how prepared we are for it in this illuminating infographic. Video: revolutionizing customer onboarding BFC FinTech Monitor 19th …
Read More »Core principles of success in the sharing economy
The sharing economy has quickly overtaken many business sectors. To be successful in the sharing economy, a company must adhere to four core principles that also define successful entrepreneurship in …
Read More »Uberization turning the banking business model upside down
Today, customer experience is measured by how much friction is removed, with the new standard being asking Alexa to order an Uber (which arrives in near real-time). For financial institutions …
Read More »Uberization offers a brighter future in the financial sphere
Data provides a solid foundation for sound decision-making; however, the availability of data is increasingly at an exponential rate, and it is becoming harder and harder for the average person …
Read More »The impending uberization of Kazakh the financial services market
The application ‘Uber’ has revolutionized not only the transportation industry but also how people have come to expect services to be offered to them. Technology companies and innovators are continuously …
Read More »The importance of getting digital onboarding right
According to the 2018 J.D. Power Retail Banking Satisfaction Study, digital-only customers rank as the least satisfied group of financial institution customers. These findings are, however, not necessarily a validation …
Read More »Video: digitizing the customer journey in financial services
Digital is fundamentally changing the competitive landscape in financial services, creating a need to re-imagine and digitize the customer journey from end to end as well as make internal processes …
Read More »Moving “going digital” beyond just eliminating paper
Historically, “going digital” for lenders meant automating manual processes and moving paper-based processes online. In many cases however, lenders simply recreated their offline experiences and processes in an online environment. …
Read More »UK’s Financial Conduct Authority calls for smarter regulatory reporting
The Financial Conduct Authority (FCA) of the United Kingdom is examining how technology can help firms meet regulatory reporting requirements and, potentially, improve the quality of the information provided to …
Read More »RegTech improves compliance but also increases costs
RegTech is widely used in the financial industry to comply with regulations. However, according to Bank Director’s 2018 Risk Survey, the cost of implementing RegTech has increased. 55% of the …
Read More »Infographic: how RegTech savvy are you?
Banking Technology and BearingPoint have conducted a brief survey to find out the industry view on RegTech as well as its implications for all parties. Infographic: banking on bots Japanese …
Read More »Societe Generale to close 300 branches in move towards digital banking
French bank Societe Generale has announced that it will close 300 (15%) of its branches and eliminate 900 jobs as part of its effort to expand its digital capabilities and …
Read More »How artificial intelligence is changing fintech
Artificial intelligence has taken the tech world by storm, allowing companies to cut costs, automate a variety of their processes and boost their bottom line. Most commonly, chatbots are being …
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 »Russia creates the first blockchain consortium
M.Video (Russia’s largest consumer electronic retailer), Sberbank Factoring and Alfa-Bank have launched an open consortium aimed at the commercial use of blockchain-based technologies in the financial sector. The new platform …
Read More »Ensuring the efficiency of digital transformation
With increasingly demanding customers and competition from fast-growing Fintech companies, the urgency for banks to deliver highly-innovative new value propositions as well as maintain and improve existing products makes software …
Read More »Self-boarding of corporate clients becoming more popular
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 …
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