{"id":15129,"date":"2020-07-14T13:33:17","date_gmt":"2020-07-14T13:33:17","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=15129"},"modified":"2020-07-14T13:33:17","modified_gmt":"2020-07-14T13:33:17","slug":"2019-sme-banking-innovations-in-eastern-europe-and-central-asia","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/2019-sme-banking-innovations-in-eastern-europe-and-central-asia\/","title":{"rendered":"2019 SME banking innovations in Eastern Europe and Central Asia"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Financial institutions operating in Eastern Europe and Central Asia were active in providing innovative services and solutions for small- and medium-sized enterprises (SMEs) in 2019. In fact, financial institutions in these regions implemented 20% more such services and solutions than in 2018, with more than 40 financial institutions distinguishing in this regard. The main areas of this focus were on:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Payments (45 innovations), especially the development of virtual cards, online cash desks and instant transfers<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Non-financial services (35 innovations), including online accounting and counterparty verification<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Financing (21 innovations), including rapid digital loan products and artificial intelligence-based decision-making solutions<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Digital onboarding (13 innovations) such as online business registration and account opening<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The most innovative financial institutions were found to be in Russia (Absolut Bank, AK Bars Bank, Alfa Bank, Vostochny Bank, VTB, Loko-Bank, Modulbank, MTS Bank, Otkrytie, Promsvyazbank, Raiffeisenbank, Sberbank, Tinkoff, Tochka and Uralsib), Ukraine (Alfa-Bank, Privatbank, FUIB and Taskcombank) and Belarus (Belinvestbank).<\/span><\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-15129 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='The 6 Major Trends Set to Transform the Payments Industry'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/the-6-major-trends-set-to-transform-the-payments-industry\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2022\/02\/63ee59f9-2da3-bbf6-05bc-c4db1093525a1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-16620\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16620'>\n\t\t\t\tThe 6 Major Trends Set to Transform the Payments Industry\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Open Banking &#038; Digital Wallets: Transforming Fintech in the MENA Region'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/open-banking-digital-wallets-transforming-fintech-in-the-mena-region\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2024\/04\/cc92b4db-555a-6179-3f3c-cf04ea6f45db1-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-17589\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-17589'>\n\t\t\t\tOpen Banking &#038; Digital Wallets: Transforming Fintech in the MENA Region\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='National Bank of Ukraine updating financial sector development strategy'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/national-bank-of-ukraine-updating-financial-sector-development-strategy\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/06\/73426-1891-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-15040\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15040'>\n\t\t\t\tNational Bank of Ukraine updating financial sector development strategy\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Financial institutions operating in Eastern Europe and Central Asia were active in providing innovative services and solutions for small- and medium-sized enterprises (SMEs) in 2019. In fact, financial institutions in these regions implemented 20% more such services and solutions than in 2018, with more than 40 financial institutions distinguishing in this regard. The main areas &hellip;<\/p>\n","protected":false},"author":12,"featured_media":15130,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[141],"class_list":["post-15129","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-fintech","category-international-fintech","tag-sme","bulletin_edition-07_july","bulletin_edition-fintech-2020","b_post_type-bfc-recommends"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15129","targetHints":{"allow":["GET"]}}],"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\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=15129"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15129\/revisions"}],"predecessor-version":[{"id":15131,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15129\/revisions\/15131"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/15130"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=15129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=15129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=15129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}