{"id":16441,"date":"2021-11-16T11:26:12","date_gmt":"2021-11-16T11:26:12","guid":{"rendered":"https:\/\/bulletins.bfconsulting.com\/?p=16441"},"modified":"2021-11-16T11:44:34","modified_gmt":"2021-11-16T11:44:34","slug":"bfc-fintech-monitor-october-28-november-15","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-october-28-november-15\/","title":{"rendered":"BFC FinTech Monitor (October 28\u2013November 15)"},"content":{"rendered":"<p>Stay up-to-date on all the latest FinTech news and information from around the world in the BFC FinTech Monitor.&nbsp;<\/p>\n<h3><strong>Around the World:<\/strong><\/h3>\n<p><strong>#Research<\/strong><\/p>\n<ul>\n<li>According to a new <a href=\"https:\/\/dealroom.co\/blog\/a-record-quarter-for-global-fintech-investment-q3-2021\">Dealroom report<\/a>, FinTech financing in the 3rd quarter of 2021 amounted to EUR 31 billion, with 46% of that amount going to American FinTechs. There are also now 393 FinTech unicorns worldwide.<\/li>\n<li>A new report from <a href=\"https:\/\/www.canalys.com\/newsroom\/global-cloud-services-q3-2021\">Canalys<\/a> indicates that cloud spending globally increased 35% in the 3rd quarter of 2021, reaching USD 49.4 billion. This is mostly due to digital transformation initiatives aimed at maintaining business continuity during pandemic-related disruptions. Additionally, the <a href=\"https:\/\/www.finextra.com\/newsarticle\/39205\/cloud-adoption-in-banking-ramps-up\">Economist Intelligence Unit<\/a> has found that 75% of CIOs believe moving to the cloud will help their organizations better achieve business priorities.<\/li>\n<li>Analysts of the <a href=\"https:\/\/amplitude.com\/product-report-2021#product-trends-by-industry-2020-2021\">Amplitude<\/a> service have found that the number of active users in the FinTech industry in the first half of 2021 increased 337%.<\/li>\n<li>According to British credit management company <a href=\"https:\/\/know-it.co.uk\/news\/open-banking-forecast-for-heavy-adoption-amongst-uk-credit-providers-in-2021-2\/\">Know-It<\/a>, more than 50% of lenders plan to introduce open banking concepts into their business processes by the end of this year.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>#Innovations<\/strong><\/p>\n<ul>\n<li>Microsoft is partnering with <a href=\"https:\/\/ffnews.com\/newsarticle\/backbase-partners-with-microsoft-to-re-architect-banking-around-the-customer\/\">Backbase<\/a>, the creator of the Engagement Banking Platform, to develop the first fully-integrated cloud-based financial services stack.<\/li>\n<li>Visa is partnering with <a href=\"https:\/\/ffnews.com\/newsarticle\/belvo-and-visa-sign-strategic-partnership-agreement-in-support-of-open-finance-across-latin-america\/\">Belvo<\/a>, an open API platform, to introduce the concept of open finance in Latin America.<\/li>\n<li>PayPal is launching a mobile <a href=\"https:\/\/newsroom.paypal-corp.com\/2021-10-26-PayPal-Launches-the-Zettle-Terminal\">POS system<\/a> in the UK.<\/li>\n<li>Bear Market, an Irish coffee shop, has created contactless <a href=\"https:\/\/www.finextra.com\/newsarticle\/39137\/irish-coffee-shop-introduces-contactless-payment-cups\">payment cups<\/a>.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>#Blockchain, Cryptocurrencies and Non-Fungible Tokens (NFTs)<\/strong><\/p>\n<ul>\n<li>Analysts at <a href=\"https:\/\/thepaypers.com\/cryptocurrencies\/blockchain-can-reduce-costs-in-cross-border-settlement-report-shows--1252626\">Juniper Research<\/a> have concluded that the use of blockchain in cross-border settlements could save financial institutions up to USD 10 billion in 2030.<\/li>\n<li>Mastercard has launched a <a href=\"https:\/\/www.finextra.com\/pressarticle\/90180\/amber-bitkub-and-coinjar-to-lissue-crypto-funded-mastercard-payment-cards\">cryptocurrency payment card<\/a> in partnership with Amber, Bitkub and CoinJar.<\/li>\n<li>China is in the process of developing a unified standard for <a href=\"https:\/\/finance.yahoo.com\/news\/china-release-national-blockchain-standard-062038705.html\">blockchain<\/a><\/li>\n<li>Twitter plans to create a <a href=\"https:\/\/twitter.com\/_tessr\/status\/1458466734327963648?s=20\">unit<\/a> for blockchain, cryptocurrencies and DeFi.<\/li>\n<li>Apple CEO Tim Cook has stated that he invests in <a href=\"https:\/\/youtu.be\/HM9r6Q_jFCE\">cryptocurrencies<\/a> to diversify his investment portfolio.<\/li>\n<li>New research from <a href=\"https:\/\/www.prnewswire.com\/news-releases\/blockchain-market-worth-67-4-billion-by-2026--exclusive-report-by-marketsandmarkets-301419598.html\">MarketsandMarkets<\/a> suggests that the volume of the blockchain market in 2026 could reach as much as USD 67.4 billion, 13 times more than in 2021.<\/li>\n<li>Amazon will accept payments through <a href=\"https:\/\/newsroom.paypal-corp.com\/2021-11-08-PayPal-and-Amazon-to-Enable-Customers-to-Pay-with-Venmo-at-Checkout\">Venmo<\/a>, which supports cryptocurrencies.<\/li>\n<li>Revolut plans to create its own <a href=\"https:\/\/www.finextra.com\/newsarticle\/39159\/revolut-wants-to-build-its-own-crypto-exchange\">crypto exchange<\/a>.<\/li>\n<li>A <a href=\"https:\/\/www.finextra.com\/newsarticle\/39160\/deloitte-64-of-young-collectors-are-interested-in-nfts\">report by Deloitte Art &amp; Finance<\/a> has shown that most art collectors under the age of 35 believe that blockchain technology, big data, analytics and artificial intelligence (AI) will change the way business in the art world is conducted.<\/li>\n<li>Elena McWilliams, head of the Federal Deposit Insurance Corporation (<a href=\"https:\/\/www.reuters.com\/business\/finance\/us-regulators-exploring-how-banks-could-hold-crypto-assets-fdic-chairman-2021-10-26\/\">FDIC<\/a>) in the US, stated that American financial regulators plan to develop regulations for storing cryptocurrencies in financial institutions.<\/li>\n<li>Crypto exchange <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/22073087c5864e7e80bd971bf6e2fafa?ref=AZTKZ9XS&amp;utm_source=BinanceTwitter&amp;utm_medium=GlobalSocial&amp;utm_campaign=GlobalSocial\">Binance<\/a> has launched a mining pool for the extraction of Litecoin and Dogecoin.<\/li>\n<li>Switzerland will hold a <a href=\"https:\/\/voi.id\/en\/technology\/93550\/2b4ch-proposes-referendum-to-swiss-finance-law-to-adopt-crypto-as-banking-asset\">national referendum<\/a> to find out whether or not it should add bitcoin to its reserves.<\/li>\n<li>New York City will become the second city in the US to have its own <a href=\"https:\/\/markets.businessinsider.com\/news\/currencies\/nyc-city-coin-stacks-adams-bitcoin-miami-cryptocurrency-new-york-2021-11\">digital token<\/a>, with the main goal of attracting investments to the city\u2019s budget.<\/li>\n<li>According to <a href=\"https:\/\/cointelegraph.com\/news\/asia-pacific-leads-the-world-in-nft-searches-on-google\">Google Trends<\/a>, China, Hong Kong and Singapore are among the top three countries searching the topic of NFTs.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>#Central bank digital currencies (CBDCs)<\/strong><\/p>\n<ul>\n<li>Fabio Panetta, board member of the <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-09\/digital-euro-likely-to-become-legal-tender-ecb-s-panetta-says\">European Central Bank<\/a>, has stated that CBDCs of major regulators in the eurozone are likely to become legal tender in their jurisdictions, also noting that such an achievement \u201cshould not be taken for granted\u201d.<\/li>\n<li>A joint <a href=\"https:\/\/www.oliverwyman.com\/content\/dam\/oliver-wyman\/v2\/publications\/2021\/nov\/unlocking-120-billion-value-in-cross-border-payments.pdf\">report<\/a> from JPMorgan and consulting company Oliver Wyman has concluded that CBDCs will help corporations save USD 120 billion a year.<\/li>\n<li>Mastercard CEO Michael Mibach has stated that his company is ready to provide financial institutions with a <a href=\"https:\/\/blockchain.news\/news\/mastercard-reveals-develop-cbdc-the-private-payment-provider\">safe space<\/a> to test CBDCs as well as be a provider of CBDC-related services.<\/li>\n<li>With the volume of <a href=\"https:\/\/www.reuters.com\/technology\/95-billion-spent-using-chinese-central-banks-digital-currency-official-2021-11-03\/\">digital yuan<\/a> nearing an estimated USD 10 billion, <a href=\"https:\/\/www.cnbc.com\/2021\/11\/11\/china-digital-currency-jd-begins-accepting-e-cny-on-singles-day.html\">com<\/a>, China\u2019s largest marketplace, has started accepting the CBDC for payment.<\/li>\n<li>The Central Bank of Singapore is launching a large-scale retail <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-09\/singapore-examines-central-bank-digital-dollar-for-retail\">CBDC study<\/a><\/li>\n<li>The Reserve Bank of India plans on testing the <a href=\"https:\/\/www.livemint.com\/opinion\/columns\/cbdc-introduction-faces-three-tricky-challenges-11635789704584.html\">digital rupee<\/a> in a pilot project this December.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>#Miscellaneous<\/strong><\/p>\n<ul>\n<li>Amid the preparations for the launch of its CBDC, China urged G-20 countries to create a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-31\/china-to-apply-to-join-digital-economy-partnership-agreement\">unified system<\/a> for regulating the digital economy. In addition, they recommended that other countries jointly establish standards for the protection of personal data, including via improvement to legal frameworks for controlling technology and FinTechs.<\/li>\n<li><a href=\"https:\/\/www.morningstar.com\/news\/marketwatch\/20211110623\/mastercard-delivers-strong-growth-goals-as-it-chases-255-trillion-opportunity\">MasterCard<\/a> expects significant financial growth over the next 3 years. In particular, the company estimates the potential of the payments market at USD 255 trillion, noting the many untapped opportunities.<\/li>\n<li>The new FinTech division of Facebook has been named <a href=\"https:\/\/www.finextra.com\/newsarticle\/39169\/facebook-fintech-unit-rebranded-as-novi\">Novi<\/a>. According to its head (David Markus), the transition of the social network to the metaverse format poses a challenge to creating a new payment infrastructure.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Russia:<\/h3>\n<ul>\n<li>The State Duma Committee on Security and Anti-Corruption has prepared a bill on the legalization of <a href=\"http:\/\/duma.gov.ru\/news\/52695\/\">cryptocurrency mining<\/a>.<\/li>\n<li>The results of a recent Visa payment system <a href=\"https:\/\/www.vedomosti.ru\/finance\/articles\/2021\/11\/09\/894942-menshe-1-rossiyan-znayut-pravila\">survey<\/a> indicate that less than 1% of Russians understand the methods for safely using bank cards.<\/li>\n<li>As authorities prepare to establish a <a href=\"https:\/\/bloomchain.ru\/newsfeed\/vlasti-rf-sozdadut-zakonodatelnuju-bazu-dlja-tsifrovogo-rublja\">legal basis<\/a> for the digital ruble, financial institutions are expected to transfer an estimated RUB 9 trillion to the <a href=\"https:\/\/www.banki.ru\/news\/lenta\/?id=10955765\">CBDC<\/a> once it is launched.<\/li>\n<li>A study conducted by <a href=\"https:\/\/rb.ru\/news\/millenialy-zoomery-banki\/\">S+ Consulting<\/a> shows a difference in how generations want to interact with financial institutions.<\/li>\n<li>About 3 million jobs related to <a href=\"https:\/\/rb.ru\/news\/ai-russia-jobs\/\">AI<\/a> are expected to be created in Russia by 2025.<\/li>\n<li>Tinkoff would like to enter 3 new <a href=\"https:\/\/bloomchain.ru\/newsfeed\/smi-tinkoff-bank-hochet-privlech-200-mln-i-vyiti-na-tri-novyh-rynka-azii\">Asian markets<\/a> and is considering a number of <a href=\"https:\/\/bloomchain.ru\/newsfeed\/tinkoff-zainteresovalsja-kriptovaljutami\">cryptocurrency projects<\/a>.<\/li>\n<li>Sberbank has launched the first-ever massive <a href=\"https:\/\/press.sber.ru\/publications\/sber-rasshiril-vozmozhnosti-udalionnogo-obsluzhivaniia-klientov-zapustiv-pervyi-massovyi-tsifrovoi-ofis-v-rossii\">digital office<\/a>.<\/li>\n<li>VTB is offering the clients of other banks the chance to <a href=\"https:\/\/www.vtb.ru\/o-banke\/press-centr\/novosti-i-press-relizy\/2021\/11\/2021-11-08-vtb-predlozhit-klientam-drugikh-bankov-besplatno-protestirovat-svoi-produkty-i-servisy\/\">test<\/a> their products and services for free.<\/li>\n<li>Apple has started accepting <a href=\"https:\/\/www.rbc.ru\/rbcfreenews\/618b27749a794764dc7033b3\">Mir<\/a> payment system cards in addition to Visa, Mastercard and American Express cards.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Ukraine:<\/h3>\n<ul>\n<li>Novaya Pochta has applied for to register the <a href=\"https:\/\/psm7.com\/?p=191338\">NovaSpace<\/a> trademark as part of its plan to expand its range of financial services.<\/li>\n<li>The <a href=\"https:\/\/www.facebook.com\/events\/2748645105388473\/\">TECH 2021 conference<\/a> will be held in Kiev on December 8, 2021. Participants include representatives of Ukraine\u2019s financial market, telecommunications companies, FinTech startups and accelerators, among others.<\/li>\n<li>Mastercard, in cooperation with iPay.ua and 4ek, is launching the <a href=\"https:\/\/smebanking.news\/ru\/41414-servis-perevoda-deneg-v-socsetyax-zhabka-kak-eto-rabotaet-dlya-biznesa\/\">Zhabka payment service<\/a> in Ukraine for businesses and individuals. The service allows users to accept payments and transfer funds via social networks and instant messengers.<\/li>\n<li>PaySpace Magazine has identified the <a href=\"https:\/\/psm7.com\/fintech\/long-list-payspace-magazine-awards-2021.html\">longlists<\/a> of nominees for its annual PSM Awards.<\/li>\n<li>Elena Sosedka, founder of <a href=\"https:\/\/interfax.com.ua\/news\/press-release\/777595.html\">Concord Fintech Solutions<\/a>, presented her work on an open FinTech ecosystem at the Web Summit IT conference in Lisbon.<\/li>\n<li>As part of a New Year\u2019s update to its app, <a href=\"https:\/\/psm7.com\/bank\/vazhnyj-apdejt-prilozheniya-ot-monobank-goroxovskij-rasskazal-podrobnosti.html\">Monobank<\/a> will allow parents to send money to their children\u2019s cards under the names \u2018Tooth Fairy\u2019 and \u2018Santa Claus\u2019.<\/li>\n<li>Yulia Barabash, managing partner of <a href=\"https:\/\/mind.ua\/ru\/openmind\/20233048-upravlyat-cifroj-kak-raznye-strany-vnedryayut-finteh-resheniya\">SBSB Fintech Lawyers<\/a>, discusses Ukraine&#8217;s prospects in payments, DeFi and cryptocurrencies.<\/li>\n<li>Focus published a report on the <a href=\"https:\/\/focus.ua\/economics\/497630-novyy-format-maksim-paraska-vpervye-vystupil-na-fintech-stand-up\">Digital Banking Conference &amp; FinTech Stand-Up<\/a>, during which participants shared their banking and FinTech experiences in the form of stand-up comedy.<\/li>\n<li>Sergey Vinderskikh, co-founder of <a href=\"https:\/\/minfin.com.ua\/credits\/articles\/kak-prevratit-mediastartap-v-uspeshnuyu-fintehkompaniyu\/\">Treeum<\/a>, discusses how to turn a media startup into a successful FinTech company.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Kazakhstan:<\/h3>\n<ul>\n<li>The <a href=\"https:\/\/kapital.kz\/finance\/100216\/natsional-nuyu-platezhnuyu-sistemu-nachnut-testirovat-do-kontsa-goda.html\">national payment system<\/a> will begin its testing phase in November\u2013December of this year.<\/li>\n<li>Mikhail Lomtadze, general director of the FinTech giant Kaspi.kz, presented innovative new <a href=\"https:\/\/kapital.kz\/finance\/99913\/mikhail-lomtadze-prezentoval-glave-gosudarstva-innovatsionnyye-servisy.html\">services<\/a> created in cooperation with government agencies to the President of Kazakhstan.<\/li>\n<li>Amyrkhan Chikanaev, director of digital development at Kazakhstan&#8217;s <a href=\"https:\/\/www.exclusive.kz\/expertiza\/daily\/126318\/pages\/3\/\">Sberbank<\/a>, expects the country\u2019s financial sector to undergo a major transformation in the next 5 years thanks to the continued development of ecosystems.<\/li>\n<li>The rules for <a href=\"https:\/\/kapital.kz\/finance\/100225\/uchastniki-mftsa-poluchat-dostup-na-finrynok-kazakhstana.html\">currency regulation and information exchanges<\/a> have been amended to allow participants of the Astana International Financial Center to access Kazakhstan\u2019s financial market.<\/li>\n<li>Limits have been set for retail investors when buying <a href=\"https:\/\/kapital.kz\/finance\/99986\/utverzhdeny-limity-na-pokupku-kriptovalyuty.html\">cryptocurrency<\/a> through exchanges registered on the Astana International Financial Center website.<\/li>\n<li>Russian energy company <a href=\"https:\/\/bloomchain.ru\/newsfeed\/kazahstanskih-mainerov-hotjat-zapitat-ot-rossii\">Inter RAO<\/a> wants to supply electricity to Kazakhstan as cryptocurrency miners continue to increase their usage of the country\u2019s electrical supply.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Kyrgyzstan:<\/h3>\n<ul>\n<li>Kyrgyzstan is studying the experience of Kazakhstan\u2019s Astana International Financial Center in creating an innovative financial market. Moreover, the FinTech company Namba One has also signed a USD 1 million investment <a href=\"https:\/\/economist.kg\/novosti\/2021\/10\/20\/kyrgyzstan-izuchaet-opyt-mfca-po-sozdaniju-innovacionnogo-finansovogo-rynka\/\">agreement<\/a> with MOST Ventures, Astana International Financial Center\u2019s business angel.<\/li>\n<li>The <a href=\"https:\/\/kaktus.media\/doc\/449067_vpervye_v_kyrgyzstane_proshel_evraziyskiy_forym_strategeast:_gosydarstvo_i_it.html\">Eurasian StrategEast State and IT Forum<\/a> was held in Bishkek, focusing mainly on the development of IT parks, taxation for the new economy, FinTech solutions, mechanisms for accelerating startups and blockchain as a tool for effective management.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Tajikistan:<\/h3>\n<ul>\n<li>A draft version of the new <a href=\"https:\/\/asiaplustj.info\/ru\/news\/tajikistan\/economic\/20211101\/v-tadzhikistane-zavershili-razrabotku-proekta-novogo-zakona-o-tehnoparkah\">Law on Technoparks<\/a> has been completed with the assistance of the United Nations Development Program (UNDP), the International Finance Corporation (IFC) and the Organization for Security and Cooperation in Europe (OSCE) as well as international and local experts.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Uzbekistan:<\/h3>\n<ul>\n<li>BFC experts have completed the first independent <a href=\"https:\/\/www.spot.uz\/ru\/2021\/11\/11\/quality\/\">study<\/a> of the quality of sales and services in SME and agricultural financing. The results show that, although Uzbek financial institutions are increasingly using digital technologies, the human factor remains a key to serving consumers. The study was conducted at 11 of the largest financial institutions in the country with the assistance of the <a href=\"https:\/\/www.facebook.com\/centralbankuzbekistan\/videos\/679531173017064\/\">Central Bank of Uzbekistan<\/a>.<\/li>\n<li>TBC Bank Uzbekistan has been recognized as the best digital bank in the country by the international financial publication <a href=\"http:\/\/www.uzdaily.uz\/ru\/post\/65083\">The Global Economics<\/a>.<\/li>\n<li>The International Financial and Banking <a href=\"http:\/\/www.uzdaily.uz\/ru\/post\/64921\">Forum<\/a> of CIS Member States will be held in Tashkent November 25\u201426, 2021.<\/li>\n<li>Alexander Doroshenko, development director of the Kazakh FinTech service <a href=\"https:\/\/www.spot.uz\/ru\/2021\/11\/05\/wooppay\/\">Wooppay<\/a>, discusses entering the Uzbek market.<\/li>\n<li>On November 1, 2021, Apelsin received a <a href=\"https:\/\/www.spot.uz\/ru\/2021\/11\/01\/apelsin\/\">banking license<\/a> from the Central Bank of Uzbekistan. The app, which is now a digital bank, has also launched an online money transfer service that utilizes the <a href=\"https:\/\/www.spot.uz\/ru\/2021\/11\/05\/apelsin\/\">Western Union<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Azerbaijan:<\/h3>\n<ul>\n<li>FinTech company Global Innovations, together with Visa and the international auditing company BDO, has developed the <a href=\"https:\/\/haqqin.az\/news\/224546\">az<\/a> payment platform for e-commerce.<\/li>\n<li>PASHA Bank plans to maximize its number of digital <a href=\"https:\/\/www.trend.az\/business\/3511207.html\">products and services<\/a> available for small- and medium-sized businesses as well as corporate clients.<\/li>\n<li>Kapital Bank has launched the instant payment service <a href=\"https:\/\/smebanking.news\/ru\/41130-odnim-klikom-servis-mgnovennyx-platezhej-ot-kapital-bank\/\">Klikl\u0259 \u00f6d\u0259<\/a> (One Click), which can be accessed through the Mushtari Bank app or via the bank\u2019s online banking portal.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Armenia:<\/h3>\n<ul>\n<li>Armenian FinTech startup <a href=\"https:\/\/www.cognaize.com\/\">Cognaize<\/a> raised USD 2 million in seed money. The company is developing AI solutions for financial institutions, including insurance companies.<\/li>\n<li>ACBA Bank unveiled new digital solutions at the <a href=\"http:\/\/www.armbanks.am\/2021\/11\/03\/136283\/\">DigiTech Forum<\/a>, including turning a smartphone into a POS terminal, withdrawing funds from an ATM without a card and transferring funds using a QR code.<\/li>\n<li>Arman Barseghyan, director of retail banking at <a href=\"https:\/\/smebanking.news\/ru\/41238-kompleks-cifrovyx-ekosistem-ot-ameriabank-uslugi-i-servisy-dlya-msb\/\">Ameriabank<\/a>, stated that digitalization is not an end in itself at the bank. Rather, the bank is growing the role of humans in technological and digital processes.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Moldova:<\/h3>\n<ul>\n<li><a href=\"https:\/\/smebanking.news\/ru\/40951-servis-earlyone-pozvolyaet-udalenno-bronirovat-vremya-poseshheniya\/\">Moldova Agroindbank<\/a>, the largest commercial bank in Moldova, has launched the Earlyone service, which allows customers to book visiting branches (and not waste time waiting in line). Earlyone also solves other problems by compiling customer service statistics and monitoring current processes.<\/li>\n<li>The <a href=\"https:\/\/www.ipn.md\/ro\/maib-la-fintech-conference-moldova-2021-banking-inovational-si-7542_1085533.html\">FinTech Moldova Conference<\/a> 2021 took place on October 29, 2021, highlighting the topics of new banking services, the digital transformation of businesses and the development of smart city concepts.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-16441 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor (27th July \u2013 6th August)'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-27th-july-6th-august\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/08\/819e6471-3bea-4a0b-b472-a9fb4cf0c9321-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16231\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16231'>\n\t\t\t\tBFC FinTech Monitor (27th July \u2013 6th August)\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor (July 2023)'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-july-2023\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2023\/07\/738adee8-1f81-a517-527f-7d3c841732751-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-17238\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-17238'>\n\t\t\t\tBFC FinTech Monitor (July 2023)\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='A New Age of Digital Assets: Deloitte\u2019s 2021 Global Blockchain Survey'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/a-new-age-of-digital-assets-deloitte-s-2021-global-blockchain-survey\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/09\/be9bc82f-ef2e-a7df-b4dd-36c3cd63f1c51-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16251\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16251'>\n\t\t\t\tA New Age of Digital Assets: Deloitte\u2019s 2021 Global Blockchain Survey\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 latest FinTech news and information from around the world in the BFC FinTech Monitor.&nbsp; Around the World: #Research According to a new Dealroom report, FinTech financing in the 3rd quarter of 2021 amounted to EUR 31 billion, with 46% of that amount going to American FinTechs. There are also now &hellip;<\/p>\n","protected":false},"author":1,"featured_media":16451,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[473],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16441"}],"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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=16441"}],"version-history":[{"count":3,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16441\/revisions"}],"predecessor-version":[{"id":16448,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16441\/revisions\/16448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/16451"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=16441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=16441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=16441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}