{"id":14598,"date":"2020-03-05T07:51:58","date_gmt":"2020-03-05T07:51:58","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=14598"},"modified":"2020-03-05T07:51:58","modified_gmt":"2020-03-05T07:51:58","slug":"bfc-fintech-monitor-27th-february-5th-march","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-27th-february-5th-march\/","title":{"rendered":"BFC FinTech Monitor  27th February &#8211; 5th March"},"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 and telegram channel&nbsp;<a href=\"https:\/\/t.me\/FinTechWave\"><b>FinTech Wave<\/b><\/a><b>.<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Around the World:<\/strong><\/p>\n<ul>\n<li>ATMmarketplace.com has released <a href=\"https:\/\/www.atmmarketplace.com\/whitepapers\/four-digital-banking-trends-to-watch-in-2020-2\/?utm_source=AMC&amp;utm_medium=email&amp;utm_campaign=Resources&amp;utm_content=2020-02-24\">a new report<\/a> on the main digital banking trends. It revealed that (1) Apple has set new standards, (2) traditional financial institutions need to adopt new technologies to keep up with FinTech startups and (3) open banking is already starting to change the way banks think.<\/li>\n<li>American financial holding company JPMorgan has begun talks with regulators in the United Kingdom about launching <a href=\"https:\/\/www.fintechfutures.com\/2020\/02\/jp-morgan-plans-launch-of-digital-consumer-bank-in-uk\/\">a new digital bank<\/a> under its Chase brand.<\/li>\n<li>Genesis Global Trading has prepared a <a href=\"https:\/\/genesiscap.co\/insights\/q4-insights-2019\/\">repor<\/a>t on the current status of and forecasts for cryptocurrency lending. The report highlights that, although the United States currently holds the largest share of this market, Europe and Asia have shown the most active growth in it recently. It also predicts that traditional investors will become increasingly attracted to the sector.<\/li>\n<li>The Central Bank of Lithuania <a href=\"https:\/\/psm7.com\/fintech\/regtech-centrobank-litvy-avtomatiziruet-podachu-otchetnosti-dlya-finkompanij.html\">has tested a prototype<\/a> that uses a single API to automate reporting by financial companies. Although intriguing, a full transition to the system would require a change in current legislation.<\/li>\n<li>China has developed <a href=\"https:\/\/bloomchain.ru\/newsfeed\/kitaj-razrabotal-standarty-bezopasnosti-dlya-finansovyh-blokchejn-prilozhenij\/\">standards for the use of cryptotechnologies<\/a> in the financial sector, including for blockchain applications.<\/li>\n<\/ul>\n<p><strong>Russia:<\/strong><\/p>\n<ul>\n<li>British FinTech startup <a href=\"https:\/\/thebell.io\/revolut-otkazalsya-ot-planov-po-vyhodu-na-rossijskij-rynok\/\"><span style=\"font-weight: 400;\">Revolut<\/span><\/a>&nbsp;has indefinitely postponed its plans to enter the Russian market.<\/li>\n<li>VTB State Bank has allocated RUB 6 billion <a href=\"https:\/\/og.ru\/ru\/news\/110007\">to update three of its services<\/a> \u2013 \u201cPersonal Borrower Account\u201d, \u201cMobile Bank for Individuals\u201d and \u201cMobile Bank for Business 3.0\u201d.<\/li>\n<li>A Yandex.Money <a href=\"https:\/\/www.banki.ru\/news\/lenta\/?id=10918279\">study<\/a> has found that Russians are increasingly sending money using their smartphones, including large sums.<\/li>\n<li>Ak Bars Bank has launched <a href=\"https:\/\/rb.ru\/news\/ak-bars-startup\/\">a support program<\/a> that offers startups up to RUB 500,000 for the implementation of a joint pilot with the bank.<\/li>\n<\/ul>\n<p><strong>Ukraine:<\/strong><\/p>\n<ul>\n<li>The Motor (Transport) Insurance Bureau of Ukraine <a href=\"https:\/\/forinsurer.com\/news\/20\/03\/02\/37712\">has begun selecting insider<\/a> startups to create a new innovative hub.<\/li>\n<li>The National Agency for the Prevention of Corruption has published <a href=\"https:\/\/ain.ua\/2020\/03\/02\/kak-deklarirovat-kriptovalyuty-napk\/\">rules for declaring cryptocurrencies<\/a>.<\/li>\n<li>The Ministry of Finance has prepared a small <a href=\"https:\/\/www.youtube.com\/watch?time_continue=152&amp;v=a2kPej5puCE&amp;feature=emb_logo\">video<\/a> report from the annual FinAwards 2020 competition.<\/li>\n<li>LIGABusinessInform <a href=\"https:\/\/biz.liga.net\/all\/all\/press-release\/kak-mikrofinansovye-kompanii-menyayut-rynok-finuslug\">details<\/a> the All-Ukrainian Association of Financial Companies<\/li>\n<\/ul>\n<p><strong>Belarus:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/dev.by\/news\/v-mirovom-finteh-reitinge-minsk-na-147-meste\">The Global Fintech Index 2020<\/a> has ranked Minsk 147<sup>th<\/sup> in the world in terms of FinTech development.<\/li>\n<\/ul>\n<p><strong>Uzbekistan:<\/strong><\/p>\n<ul>\n<li>The Central Bank of Uzbekistan has launched <a href=\"https:\/\/www.spot.uz\/ru\/2020\/03\/02\/qr\/\">a payment service based on QR codes<\/a>. The new service is expected to be in strong demand in the country, especially among those working in transportation as well as those delivering goods.<\/li>\n<\/ul>\n<p><strong>Kazakhstan:<\/strong><\/p>\n<ul>\n<li>Cashless payment methods <a href=\"https:\/\/kapital.kz\/finance\/85085\/v-kazakhstane-boleye-2-5-mln-pol-zovateley-qr-platezhey.html\">are becoming increasingly popular<\/a> among Kazakhstani residents as evidenced by the fact that more than 5 million Kazakhstanis have executed payments using QR codes.<\/li>\n<\/ul>\n<p><strong>&nbsp;<\/strong><strong>Armenia:<\/strong><\/p>\n<ul>\n<li>Yerevan will host the international <a href=\"https:\/\/fintech360.io\/\"><span style=\"font-weight: 400;\">FINTECH 360<\/span><\/a> conference in late April. The event is being supported by the Central Bank, Unistream international money transfer system and Unibank OJSC.<\/li>\n<\/ul>\n<p><strong>Azerbaijan:<\/strong><\/p>\n<ul>\n<li>Bank of Baku is planning <a href=\"https:\/\/www.trend.az\/business\/finance\/3197930.html\">to update its automated banking system<\/a>. The bank expects the updated system to help them develop key areas of activity, improve the quality of their services and reduce their operational risks.<\/li>\n<\/ul>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-14598 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='What FinTechs can learn from retailers'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/what-fintechs-can-learn-from-retailers\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/02\/what-fintechs-can-learn-from-retailers-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12332\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12332'>\n\t\t\t\tWhat FinTechs can learn from retailers\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Video: how bigtechs\u2019 role in finance will evolve'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-how-bigtechs-role-in-finance-will-evolve\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/08\/How-will-the-role-of-GAFA-in-banking-evolve-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13397\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13397'>\n\t\t\t\tVideo: how bigtechs\u2019 role in finance will evolve\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='The importance and convenience of digital wallets'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/the-importance-and-convenience-of-digital-wallets\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/09\/b93c4a28-877b-4ba4-9563-5a2b7d892e311-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15274\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15274'>\n\t\t\t\tThe importance and convenience of digital wallets\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 and telegram channel&nbsp;FinTech Wave. &nbsp; Around the World: ATMmarketplace.com has released a new report on the main digital banking trends. It revealed that (1) Apple has set new standards, (2) traditional financial institutions need &hellip;<\/p>\n","protected":false},"author":5,"featured_media":14597,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[399,35,287,288,70,75,335],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14598"}],"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=14598"}],"version-history":[{"count":2,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14598\/revisions"}],"predecessor-version":[{"id":14600,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14598\/revisions\/14600"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/14597"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=14598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=14598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=14598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}