{"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='Design considerations for central bank digital currencies'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/design-considerations-for-central-bank-digital-currencies\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/10\/236fdc4f-82bc-4233-b26a-754bf45595d61-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15476\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15476'>\n\t\t\t\tDesign considerations for central bank digital currencies\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='CBDCs alone cannot solve financial inclusion problems'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/cbdcs-alone-cannot-solve-financial-inclusion-problems\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/10\/10ee72a3-f9f0-4a79-9cda-d4dc92398ccb1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15473\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15473'>\n\t\t\t\tCBDCs alone cannot solve financial inclusion problems\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Online lenders for SMEs'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/online-lenders-for-smes\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/05\/38697699781_845f024c79_k-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-9886\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-9886'>\n\t\t\t\tOnline lenders for SMEs\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],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15129"}],"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}]}}