{"id":14443,"date":"2020-02-12T18:54:08","date_gmt":"2020-02-12T18:54:08","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=14443"},"modified":"2020-02-12T19:05:26","modified_gmt":"2020-02-12T19:05:26","slug":"bfc-fintech-monitor-3rd-january-12th-february","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-3rd-january-12th-february\/","title":{"rendered":"BFC FinTech Monitor  3rd January &#8211; 12th February"},"content":{"rendered":"<p>Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.<\/p>\n<p><strong>&nbsp;<\/strong><\/p>\n<p><strong>Around the World:<\/strong><\/p>\n<ul>\n<li>American FinTech startup Remitly has launched a <a href=\"https:\/\/techcrunch.com\/2020\/02\/03\/remitly-launches-passbook-a-neobank-aimed-at-immigrants-to-expand-beyond-money-transfers\/\">neobank<\/a> for immigrants, allowing them to transfer funds to their homelands without documents establishing residency in the United States.<\/li>\n<li>Cryptocurrency platform Ripple is planning <a href=\"https:\/\/cryptowiki.ru\/news\/international-money-express-prisoedinilsia-k-platejnoi-seti-ripple.html\">cooperation<\/a> with the payment system International Money Express (Intermex) to enable Intermex to access an on-demand liquidity solution for international transactions.<\/li>\n<li><a href=\"https:\/\/forklog.com\/ne-mozhesh-pobedit-vozglav-zachem-visa-i-mastercard-vkladyvayut-milliardy-dollarov-v-finteh-startapy\/\">Visa and MasterCard<\/a> are investing billions of USD in FinTech startups.<\/li>\n<li>A Bilderlings senior client manager recently <a href=\"https:\/\/rb.ru\/opinion\/finteh-v-evrope\/\">spoke<\/a> about correspondent relationships for those planning to launch a FinTech startup in Europe.<\/li>\n<li>The <a href=\"https:\/\/learnbonds.com\/news\/robo-advisors-to-become-1.4trn-worth-industry-this-year\/\">robo-advisor industry<\/a> is expected to reach a value of USD 1.4 trillion this year.<\/li>\n<li>The United States, in cooperation with former employees of the Commodity Futures Trading Commission, are planning the release of a <a href=\"https:\/\/1k.com.ua\/eks-glava-cftc-ssha-skoro-vypustit-tsifrovoj-dollar-mdash-1k.html\">digital dollar<\/a>.<\/li>\n<li>The most expensive FinTech startup in Europe, Klarna, <a href=\"https:\/\/bloomchain.ru\/newsfeed\/krupnejshij-finansovyj-konglomerat-avstralii-investiroval-v-klarna-200-mln\/\">raised USD 200 million<\/a> in funding from Australia&#8217;s largest financial conglomerate, the Commonwealth Bank of Australia.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Russia:<\/strong><\/p>\n<ul>\n<li>Former Tinkoff top managers are working on a <a href=\"https:\/\/www.vedomosti.ru\/finance\/articles\/2020\/02\/06\/822398-tinkoff\">rival<\/a> to Revolut that will provide non-credit financial products and services to European consumers.<\/li>\n<li>Russia\u2019s largest banks and mobile operators <a href=\"https:\/\/www.rbc.ru\/finances\/05\/02\/2020\/5e395bed9a79472310528597\">have found a solution<\/a> to counter scammers\u2019 phone fraud attempts.<\/li>\n<li>By 2035, <a href=\"https:\/\/www.banki.ru\/news\/lenta\/?id=10916160\">96% of all transactions<\/a> related to payments and transfers will be carried out using modern technological solutions.<\/li>\n<li>A recent study conducted by the Mail.ru Group and Researchme <a href=\"https:\/\/corp.mail.ru\/ru\/press\/infograph\/10554\/\">uncovered which banking products<\/a> are the most preferred by Runet users.<\/li>\n<li>The head of Sberbank\u2019s Data Research Center <a href=\"http:\/\/futurebanking.ru\/post\/3920\">discusses<\/a> investments and future directions in the field of artificial intelligence.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Ukraine:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/psm7.com\/mobilnye-banki\/v-ukraine-zapuskaetsya-novyj-cifrovoj-bank-o-bank.html\">O.Bank<\/a>, a new online-only bank, has launched in Ukraine.<\/li>\n<li>Kiev will host a conference <span style=\"font-weight: 400;\"><a href=\"https:\/\/2020kyiv.finadtech.com\/ru\">FinAdTech Kyiv 2020<\/a>&nbsp;<\/span>for leading webmasters and advertisers in the field of financial lead generation and FinTech solutions.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Belarus:<\/strong><\/p>\n<ul>\n<li>Google Pay is tentatively <a href=\"https:\/\/dev.by\/news\/google-pay-belarus-2020\">planning<\/a> a limited launch in Belarus this year.<\/li>\n<li><a href=\"https:\/\/dev.by\/news\/fintech-2019\"><span style=\"font-weight: 400;\">dev.by<\/span><\/a> has completed a review of the main FinTech events of 2019.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Kazakhstan:<\/strong><\/p>\n<ul>\n<li>The news agency Kapital.kz has <a href=\"https:\/\/kapital.kz\/tehnology\/84206\/pyat-vektorov-razvitiya-fintekha.html\">discovered<\/a> the reasons why FinTech solutions are <a href=\"https:\/\/kapital.kz\/tehnology\/84201\/kakoye-budushcheye-u-fintekha-v-kazakhstane.html\">lacking<\/a> in Kazakhstan.<\/li>\n<li>The new <a href=\"https:\/\/kapital.kz\/tehnology\/84489\/kazakhstantsev-predupredili-o-vredonosnoy-rassylke.html\">Lokibot<\/a> virus is capable of accessing the online banking data of Kazakhstanis.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Uzbekistan:<\/strong><\/p>\n<ul>\n<li>Cryptocurrency payments <a href=\"https:\/\/www.spot.uz\/ru\/2019\/12\/22\/pay\/?utm_source=push&amp;utm_medium=telegram\">have been banned<\/a> in Uzbekistan.<\/li>\n<li>Kapitalbank has introduced the <a href=\"https:\/\/www.spot.uz\/ru\/2020\/01\/24\/apelsin\/\">Apelsin<\/a> application, a direct competitor to Payme, Click and other similar services.<\/li>\n<li>The <a href=\"https:\/\/www.spot.uz\/ru\/2020\/02\/05\/500-mln\/\">publication Spot<\/a> reveals the best places to invest your money.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Turkmenistan:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.trend.az\/business\/it\/3175906.html\">The Interdepartmental Commission for the Development of the Digital Economy<\/a> has been created in Turkmenistan and tasked with developing and implementing a strategy for digital economic development through 2025.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Azerbaijan:<\/strong><\/p>\n<ul>\n<li>Residents of Azerbaijan will be able to pay for goods and services using the service <a href=\"http:\/\/www.massa.az\/news\/az\/11765\/chudo-kolco-dlya-beznalichnyh-platejej-v-azerbajdjane\">PayRing<\/a>.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Georgia:<\/strong><\/p>\n<ul>\n<li>The National Bank of Georgia has adopted new <a href=\"https:\/\/commersant.ge\/en\/post\/new-regulations-to-be-introduced-for-financial-sector-in-2020-2\">requirements<\/a> for commercial banks, microfinance institutions and other credit organizations.<\/li>\n<li>Bank of Georgia customers will soon be able to withdraw cash from ATMs via an <a href=\"https:\/\/cbw.ge\/banking\/bank-of-georgia-offers-its-customers-to-withdraw-money-through-apple-wallet\">Apple Wallet-connected smartphone<\/a>.<\/li>\n<li>Georgian startup Optio.Ai has developed an artificial intelligence-based <a href=\"https:\/\/cbw.ge\/banking\/startup-optioai-to-deliver-innovative-ai-solution-to-basisbank\">solution<\/a> that will allow Basisbank customers to communication with the bank via a dialogue interface as well as manage their finances via special widgets.<\/li>\n<li>Georgia has become <a href=\"https:\/\/cbw.ge\/banking\/georgia-is-leading-the-way-in-delivering-fast-easy-secure-payments-at-checkout\">the world leader<\/a> contactless payments, with more than 95% of transactions made via NFC devices.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Armenia:<\/strong><\/p>\n<ul>\n<li>Converse Bank <a href=\"https:\/\/finport.am\/full_news.php?id=40776&amp;lang=2\">has launched<\/a> a platform for attracting bank deposits from foreigners online.<\/li>\n<li>IDBank <a href=\"https:\/\/finport.am\/full_news.php?id=40835&amp;lang=2\">has opened<\/a> the innovative Financial Services Center in Yerevan and also<a href=\"https:\/\/finport.am\/full_news.php?id=40787&amp;lang=2\"> launched an innovative service<\/a> for international transfers.<\/li>\n<li>Ameriabank <a href=\"https:\/\/finport.am\/full_news.php?id=40632&amp;lang=2\">announces<\/a> that more than 12,000 consumer loans have been issued using its new online lending system.<\/li>\n<li>Armenian Prime Minister Nikol Pashinyan <a href=\"http:\/\/www.armbanks.am\/2020\/02\/01\/126651\/\">confirms<\/a> the country\u2019s dedication to continually reducing cash turnover.<\/li>\n<\/ul>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-14443 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Top 10 digital transformation trends shaping 2020'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/top-10-digital-transformation-trends-shaping-2020\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/12\/top-10-digital-transformation-trends-shaping-2020-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14251\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14251'>\n\t\t\t\tTop 10 digital transformation trends shaping 2020\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='The changing landscape of banking \u2014 mobile banking &#8220;swallows&#8221; traditional banking'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/the-changing-landscape-of-banking-mobile-banking-swallows-traditional-banking\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/04\/Digital-banking-concept-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-3688\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-3688'>\n\t\t\t\tThe changing landscape of banking \u2014 mobile banking &#8220;swallows&#8221; traditional banking\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='New international standard for IoT products in development'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/new-international-standard-for-iot-products-in-development\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/12\/new-international-standard-for-iot-products-in-development-2-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-11868\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11868'>\n\t\t\t\tNew international standard for IoT products in development\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor. &nbsp; Around the World: American FinTech startup Remitly has launched a neobank for immigrants, allowing them to transfer funds to their homelands without documents establishing residency in the United States. Cryptocurrency platform Ripple is &hellip;<\/p>\n","protected":false},"author":5,"featured_media":14495,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[399,35,400,129,70,75,335,453],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14443"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=14443"}],"version-history":[{"count":3,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14443\/revisions"}],"predecessor-version":[{"id":14494,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14443\/revisions\/14494"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/14495"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=14443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=14443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=14443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}