- \n
- Swiss financial holding UBS Group is planning to create<\/a> a venture fund of USD 10-20 million for investments in FinTechs.<\/li>\n
- According<\/a> to a study by Swedish FinTech startup Tink, European banks have spent between EUR 50 million and EUR 100 million on open banking projects.<\/li>\n
- Samsung has introduced<\/a> a new mobile transaction security solution that has received the highest security certification level (Common Criteria Evaluation Assurance Level 6+).<\/li>\n
- Google is currently testing<\/a> using Google Assistant\u2019s voice recognition technology as a way to allow consumers\u2019 voices to authenticate payments.<\/li>\n
- Chinese internet giant Tencent is planning to invest<\/a> USD 70 billion in the development of IT infrastructure and blockchain technology.<\/li>\n
- Polish bank Pekao has developed<\/a> a mobile app for children to help them learn goal setting and the importance of saving.<\/li>\n
- Forbes columnist Ron Shevlin is predicting<\/a> that the use of FinTech services will become the norm in a post-crisis world.<\/li>\n<\/ul>\n
Russia:<\/strong><\/p>\n
- \n
- Russia\u2019s Central Bank has introduced<\/a> open banking technology in a test mode.<\/li>\n
- Sberbank has announced<\/a> that the majority of its customers will be connected to the Quick Payment System in early June via the bank\u2019s mobile app. The bank has also announced<\/a> its plans to purchase more contactless ATMs.<\/li>\n
- Accenture has estimated<\/a> that Russia\u2019s chatbot market in 2019 was between RUB 1.3 billion and RUB 1.5 billion. This is expected to grow as much as 30% in the next 3 years.<\/li>\n
- The Golden Crown payment system, under the brand KoronaPay, has entered<\/a> European markets and is now available in 31 countries. The company plans to facilitate 50% of online transfers between Europe and CIS countries within the next 2-3 years.<\/li>\n
- Tinkoff has registered the Zen Bank<\/a> trademark for projects taking place under its Al-Banking strategy.<\/li>\n
- A number of Russian banks are planning<\/a> to introduce psycho-scoring as part of their lending process for individuals.<\/li>\n
- Ak Bars and APIBank are launching<\/a> a virtual Visa bank card product for use at LetyShops. Users can replenish cards through their personal accounts and connect them with Apply Pay, Google Pay and Samsung Pay accounts.<\/li>\n<\/ul>\n
Ukraine:<\/strong><\/p>\n
- \n
- The Ministry of Digital Transformation has developed<\/a> a concept for developing artificial intelligence in the country, with a particular emphasis given to cybersecurity and defense. The Ministry has also resumed negotiations<\/a> with PayPal regarding the launch of a new payment system in Ukraine.<\/li>\n
- Monobank is terminating<\/a> is collaboration with Taskcombank following complaints consumers had in withdrawing cash from deposits made at Taskcombank.<\/li>\n
- The National Bank of Ukraine is planning<\/a> to allow financial companies to transfer powers to each other for the purposes of certain cash-based operations.<\/li>\n
- PaySpace magazine has uncovered<\/a> how the remote identification system in 40 Ukrainian banks works<\/a>.<\/li>\n<\/ul>\n
Belarus:<\/strong><\/p>\n
- \n
- Online payments in Belarus can now be made via Apple Pay<\/a>.<\/li>\n
- Myfin.by <\/span>has published<\/a> interviews with experts detailing how the COVID-19 crisis is likely to impact FinTechs and banking in Belarus.<\/li>\n
- The National Bank of Belarus of has announced<\/a> new threats, vulnerabilities and money laundering risks associated with the COVID-19 pandemic.<\/li>\n<\/ul>\n
Uzbekistan:<\/strong><\/p>\n
- \n
- Ulugbek Tavakkalov, deputy chairman of the board of Uzpromstroybank, outlines<\/a> the importance of a marketplace for the bank, the likely future of the PSB mobile app and how the bank\u2019s business model is changing.<\/li>\n
- Agrobank and Russia\u2019s Sberbank have launched<\/a> an instant money transfer service similar to that provided<\/a> by Uzcard and MIR.<\/li>\n<\/ul>\n
Kazakhstan:<\/strong><\/p>\n
- \n
- An educational project (QWANT) has been launched<\/a> in Astana by the AIFC bureau as part of an effort to train developers on the development of client and server software, cloud computing, blockchain, operating systems and databases.<\/li>\n<\/ul>\n
Armenia:<\/strong><\/p>\n
- \n
- Unibank has introduced<\/a> artificial intelligence in its credit scoring as a way to reduce costs and improve consumer experiences.<\/li>\n
- The number of non-cash card transactions now exceeds<\/a> the number of cash card transactions in Armenia.<\/li>\n<\/ul>\n
Azerbaijan:<\/strong><\/p>\n
- \n
- Ateshgah Insurance has launched<\/a> digital insurance products that allow consumers to conclude standard insurance contracts and make premium payments online.<\/li>\n
- Kapital Bank has temporarily reduced<\/a> (by 50%) the commission it charges companies for using its POS terminals. The measure was taken to support entrepreneurs during the crisis and will last through September 30, 2020.<\/li>\n<\/ul>\n
Georgia:<\/strong><\/p>\n
- \n
- Bank of Georgia JSC clients can now get online advice via chat<\/a>. The service is available 24\/7.<\/li>\n<\/ul>\n
- Kapital Bank has temporarily reduced<\/a> (by 50%) the commission it charges companies for using its POS terminals. The measure was taken to support entrepreneurs during the crisis and will last through September 30, 2020.<\/li>\n<\/ul>\n
- The number of non-cash card transactions now exceeds<\/a> the number of cash card transactions in Armenia.<\/li>\n<\/ul>\n
- Unibank has introduced<\/a> artificial intelligence in its credit scoring as a way to reduce costs and improve consumer experiences.<\/li>\n
- Agrobank and Russia\u2019s Sberbank have launched<\/a> an instant money transfer service similar to that provided<\/a> by Uzcard and MIR.<\/li>\n<\/ul>\n
- Myfin.by <\/span>has published<\/a> interviews with experts detailing how the COVID-19 crisis is likely to impact FinTechs and banking in Belarus.<\/li>\n
- Monobank is terminating<\/a> is collaboration with Taskcombank following complaints consumers had in withdrawing cash from deposits made at Taskcombank.<\/li>\n
- Sberbank has announced<\/a> that the majority of its customers will be connected to the Quick Payment System in early June via the bank\u2019s mobile app. The bank has also announced<\/a> its plans to purchase more contactless ATMs.<\/li>\n
- According<\/a> to a study by Swedish FinTech startup Tink, European banks have spent between EUR 50 million and EUR 100 million on open banking projects.<\/li>\n
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