{"id":17238,"date":"2023-07-27T10:23:32","date_gmt":"2023-07-27T10:23:32","guid":{"rendered":"https:\/\/bulletins.bfconsulting.com\/?p=17238"},"modified":"2023-07-27T10:23:32","modified_gmt":"2023-07-27T10:23:32","slug":"bfc-fintech-monitor-july-2023","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-july-2023\/","title":{"rendered":"BFC FinTech Monitor (July 2023)"},"content":{"rendered":"<p>Stay up-to-date on all the latest FinTech news and information from around the world in the BFC FinTech Monitor.<\/p>\n<p><strong>Around the World<\/strong><\/p>\n<p><strong>#Reports and Studies<\/strong><\/p>\n<ul>\n<li>For the first half of 2023, global funding for fintech startups fell by 49% year-on-year,\u00a0<a href=\"https:\/\/www.spglobal.com\/marketintelligence\/en\/news-insights\/research\/global-fintech-funding-nearly-halves-to-23b-in-h1-2023\" target=\"_blank\" rel=\"noopener\">amounting<\/a>\u00a0to USD 23 billion. At the same time, this represents an increase of USD 6 billion over the level of funding in the second half of 2022.<\/li>\n<li>A survey by open finance provider\u00a0<a href=\"https:\/\/www.electronicpaymentsinternational.com\/news\/truelayer-research-people-abandon-shopping-card-poor-payment-experiences\/\" target=\"_blank\" rel=\"noopener\">TrueLayer<\/a>\u00a0has found that 55% of respondents end up not completing many transactions due to slow processing speeds and\/or the presence of \u201cannoying factors\u201d.<\/li>\n<li>A\u00a0<a href=\"https:\/\/www.businesswire.com\/news\/home\/20230718376202\/en\/Report-Finds-78-of-Financial-Services-Organizations-Have-Experienced-a-Cybersecurity-Breach-Threat-and-Data-Theft\" target=\"_blank\" rel=\"noopener\">study<\/a>\u00a0by Skyhigh Security Cloud Adoption and Risk Report uncovered that the average number of public cloud services used by financial institutions has increased by more than 50%.<\/li>\n<\/ul>\n<p><strong>#Innovations<\/strong><\/p>\n<ul>\n<li>Fintech startup Bottomline has\u00a0<a href=\"https:\/\/thepaypers.com\/digital-identity-security-online-fraud\/bottomline-launches-payer-name-verification-service--1263444\" target=\"_blank\" rel=\"noopener\">launched<\/a>\u00a0the \u2018Payer NameVerification\u2019 service, which will help companies verify specified account holders when processing direct debit payments.<\/li>\n<li>Mastercard has launched the \u2018<a href=\"https:\/\/thepaypers.com\/digital-identity-security-online-fraud\/mastercard-fights-real-time-payment-scams-with-ai--1263300\" target=\"_blank\" rel=\"noopener\">Consumer Fraud Risk<\/a>\u2019 solution to help financial institutions predict and prevent payment fraud of all types.<\/li>\n<\/ul>\n<p><strong>#Cryptocurrencies, Blockchain, Non-Fungible Tokens (NFTs) and Decentralized Finance (DeFi):<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/research.binance.com\/en\/analysis\/half-year-2023\" target=\"_blank\" rel=\"noopener\">Binance<\/a>\u00a0analysts believe the state of the cryptocurrency market in the first half of 2023 is better than expected.<\/li>\n<li><a href=\"https:\/\/www.imf.org\/en\/Blogs\/Articles\/2023\/07\/05\/crypto-poses-significant-tax-problems-and-they-could-get-worse\" target=\"_blank\" rel=\"noopener\">Analysts<\/a>\u00a0from the International Monetary Fund (IMF) have calculated that, if all countries had introduced a tax on cryptocurrency in 2021, it would have generated approximately USD 100 billion in revenue.<\/li>\n<li>The\u00a0<em>Global Crypto Hedge Fund Report<\/em>\u00a0states that hedge funds\u00a0<a href=\"https:\/\/www.pwc.com\/gx\/en\/news-room\/press-releases\/2023\/pwc-2023-global-crypto-hedge-fund-report.html\" target=\"_blank\" rel=\"noopener\">remain<\/a>\u00a0confident in the value proposition and long-term sustainability of digital assets.<\/li>\n<li>A new Juniper Research\u00a0<a href=\"https:\/\/thepaypers.com\/cryptocurrencies\/juniper-research-stablecoin-use-to-surge-by-2028--1263270\" target=\"_blank\" rel=\"noopener\">report<\/a>\u00a0is predicting that stablecoin payments will exceed USD 187 billion by 2028, up from USD 53 billion in 2023.<\/li>\n<li>A report by\u00a0<a href=\"https:\/\/www.theblock.co\/post\/238634\/crypto-industry-jobs-decline-10-over-past-year-report-finds\" target=\"_blank\" rel=\"noopener\">K33 Research<\/a>\u00a0has found that the number of jobs in the crypto industry has decreased by 10%.<\/li>\n<li>Sam Altman, the CEO of OpenAI, has\u00a0<a href=\"https:\/\/www.reuters.com\/technology\/openais-sam-altman-launches-worldcoin-crypto-project-2023-07-24\/\" target=\"_blank\" rel=\"noopener\">launched<\/a>\u00a0the\u00a0<em>Worldcoin<\/em>\u00a0cryptocurrency project, which hopes to register 1 billion users within the next two years.<\/li>\n<li>The\u00a0<em>Gnosis<\/em>\u00a0blockchain project is cooperating with Visa to issue\u00a0<a href=\"https:\/\/techcrunch.com\/2023\/07\/17\/gnosis-has-a-visa-card-that-lets-you-spend-self-custodial-crypto-in-europe-soon-us-and-hong-kong\/?guccounter=1&amp;guce_referrer=aHR0cHM6Ly9wc203LmNvbS8&amp;guce_referrer_sig=AQAAABuBbJxTQQtc3n1BB4EUnTfcrpdtJcDkVZGhW6hTHKGL3QqFCNXnnWuZuPdLvdgr_xDeHUwMS5jHy63OlSNC8ic5Z7yS---XDArUulUCZIQuv4IEfAHoMP6OF689923XWhiTJu3NHhefkvEK0Nd6qWJa6L2Exudja49qKQrHK9gk\" target=\"_blank\" rel=\"noopener\">Gnosis Card<\/a>, a cryptocurrency credit card.<\/li>\n<li>The developers of the Wallet Telegram bot have launched the \u2018<a href=\"https:\/\/t.me\/wallet_news\/137\" target=\"_blank\" rel=\"noopener\">Wallet Pay<\/a>\u2019 service, which allows users to make payments using bitcoin, TON and USDT.<\/li>\n<li>The Financial Stability Board (FSB) has\u00a0<a href=\"https:\/\/www.fintechfutures.com\/2023\/07\/fsb-publishes-global-regulatory-framework-for-cryptoassets\/\" target=\"_blank\" rel=\"noopener\">introduced<\/a>\u00a0a regulatory framework governing cryptocurrency activities.<\/li>\n<li>A joint\u00a0<a href=\"https:\/\/cointelegraph.com\/news\/crypto-report-the-crypto-custody-market-reached-448-billion-in-2022\" target=\"_blank\" rel=\"noopener\">report<\/a>\u00a0by PwC and technology platform Aspen Digital has revealed that the custody services market reached USD 447.9 billion in 2022.<\/li>\n<li>Larry Fink, CEO of\u00a0<a href=\"https:\/\/cointelegraph.com\/news\/blackrock-larry-fink-crypto-will-transcend-international-currencies\" target=\"_blank\" rel=\"noopener\">BlackRock<\/a>, believes that cryptocurrencies have \u201cdifferentiating value compared to other asset classes\u201d and are so \u201cinternational that they go beyond any one currency\u201d.<\/li>\n<li>The European Securities and Markets Authority (ESMA) has\u00a0<a href=\"https:\/\/thepaypers.com\/cryptocurrencies\/esma-is-looking-for-input-on-crypto-market-rules--1263416\" target=\"_blank\" rel=\"noopener\">submitted<\/a>\u00a0a package of consultations on the regulation of the crypto-assets market for comments from stakeholders.<\/li>\n<li>Infrastructure provider\u00a0<a href=\"https:\/\/cointelegraph.com\/news\/google-cloud-bitcoin-lightning-voltage-partnership\" target=\"_blank\" rel=\"noopener\">Voltage<\/a>\u00a0(which is specialized in the Bitcoin Lightning Network) has agreed to cooperate with Google Cloud; the cooperation will allow Voltage to roll out bitcoin-based services around the world.<\/li>\n<li>A 200-page bill to regulate the US crypto market has been\u00a0<a href=\"https:\/\/agriculture.house.gov\/uploadedfiles\/fit_for_the_21st_century_act_of_2023.pdf\" target=\"_blank\" rel=\"noopener\">published<\/a>.<\/li>\n<li>The Kuwait Capital Markets Authority has\u00a0<a href=\"https:\/\/www.cma.gov.kw\/en\/web\/cma\/cma-board-releases\/resolutions-and-regulations\/-\/cmaboardreleases\/detail\/1384960\" target=\"_blank\" rel=\"noopener\">banned<\/a>\u00a0virtually all cryptocurrency transactions in the country.<\/li>\n<li>A\u00a0<a href=\"https:\/\/cointelegraph.com\/news\/cryptoa-bill-to-exempt-foreigners-from-crypto-taxes-passes-preliminary-reading-in-israel\" target=\"_blank\" rel=\"noopener\">bill on tax<\/a>\u00a0exemptions for foreigners owning digital assets passed during its first reading in the Israeli Parliament.<\/li>\n<\/ul>\n<p><strong>#Central Bank Digital Currencies (CBDCs)<\/strong><\/p>\n<ul>\n<li>The European Central Bank has\u00a0<a href=\"https:\/\/www.ledgerinsights.com\/digital-euro-in-store-retail-payments\/\" target=\"_blank\" rel=\"noopener\">presented<\/a>\u00a0the fourth status report on the digital euro, which describes the phased implementation of the CBDC and presents the results of market research conducted with potential external providers.<\/li>\n<li>A WealthRocket survey has found that 59% of Canadians are prepared to use a\u00a0<a href=\"https:\/\/www.ledgerinsights.com\/canadians-digital-dollar-cbdc-survey\/\" target=\"_blank\" rel=\"noopener\">CBDC<\/a>\u00a0if the Bank of Canada launches it.<\/li>\n<li>South Korean financial institutions Hana Bank and Woori Bank are\u00a0<a href=\"https:\/\/pulsenews.co.kr\/view.php?sc=30800018&amp;year=2023&amp;no=562428\" target=\"_blank\" rel=\"noopener\">exploring<\/a>\u00a0CD tokens as an alternative to stablecoins and CBDCs.<\/li>\n<\/ul>\n<p><strong>#Miscellaneous<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/thepaypers.com\/online-payments\/visa-and-mastercard-face-an-antitrust-lawsuit--1263469\" target=\"_blank\" rel=\"noopener\">Block<\/a>, the developer of payment platform Square, has filed a lawsuit in connection with a \u201cconspiracy\u201d of payment processors inflating interbank fees for customers.<\/li>\n<li><a href=\"https:\/\/www.finextra.com\/newsarticle\/42660\/fintechs-demand-end-to-hidden-bank-fees-in-international-payments\" target=\"_blank\" rel=\"noopener\">Fifteen<\/a>\u00a0of the largest fintech companies, including Wise, Revolut and Monzo, oppose hidden fees for international payments.<\/li>\n<li>Apple intends to\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-19\/apple-preps-ajax-generative-ai-apple-gpt-to-rival-openai-and-google#xj4y7vzkg\" target=\"_blank\" rel=\"noopener\">develop<\/a>\u00a0its own generative AI and chatbot.<\/li>\n<li>Neobank Papara has\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-12\/turkey-s-papara-becomes-a-unicorn-after-deal-with-spain-s-beka\" target=\"_blank\" rel=\"noopener\">become<\/a>\u00a0the first Turkish fintech unicorn after acquiring Spanish Rebellion Bank.<\/li>\n<li>The European Commission (EC) has approved a new strategy on\u00a0<a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_23_3718\" target=\"_blank\" rel=\"noopener\">Web 4.0<\/a>\u00a0and virtual worlds to provide an open, secure and trusted digital environment for EU citizens, businesses and governments.<\/li>\n<li>Visa has announced a partnership with\u00a0<a href=\"https:\/\/thepaypers.com\/online-payments\/visa-partners-with-sap--1263244\" target=\"_blank\" rel=\"noopener\">SAP<\/a>\u00a0to streamline and simplify B2B payments in the Asia Pacific region.<\/li>\n<li>Car IQ has reached an\u00a0<a href=\"https:\/\/www.fintechfutures.com\/2023\/07\/car-iq-partners-visa-to-enable-in-vehicle-payments\/\" target=\"_blank\" rel=\"noopener\">agreement<\/a>\u00a0with Visa that will allow motorists to pay for fuel, parking, insurance, service and repairs through the \u2018Car IQ Pay\u2019 wallet.<\/li>\n<li>Fintech Galaxy has\u00a0<a href=\"https:\/\/thepaypers.com\/online-mobile-banking\/egyptian-fintechs-partner-with-fintech-galaxy-for-mena-market-expansion--1263448\" target=\"_blank\" rel=\"noopener\">connected<\/a>\u00a0more than 10 Egyptian fintech companies to its open finance platform (FINX), expanding their operations in the Middle East and North Africa (MENA) region.<\/li>\n<li>US fintech firms are tightening\u00a0<a href=\"https:\/\/www.reuters.com\/business\/finance\/fintech-lenders-tighten-lending-standards-bolstering-debt-financing-2023-07-19\/\" target=\"_blank\" rel=\"noopener\">lending<\/a>\u00a0standards in order to boost their access to debt financing from Wall Street investors.<\/li>\n<li>Tanzania is preparing to introduce the new \u2018<a href=\"https:\/\/www.biometricupdate.com\/202307\/tanzanian-govt-underlines-importance-of-new-digital-id-system-in-the-offing\" target=\"_blank\" rel=\"noopener\">Unique Number ID<\/a>\u2019 system, which will contain much more data than the previous system and also allow public and private services to be accessed via a unique ID number only.<\/li>\n<li>Elon Musk has founded\u00a0<a href=\"https:\/\/www.cnbc.com\/2023\/07\/12\/elon-musk-launches-his-new-company-xai.html\" target=\"_blank\" rel=\"noopener\">xAI<\/a>\u00a0to develop safer AI.<\/li>\n<li>A flaw in the Revolut payment system\u00a0<a href=\"https:\/\/www.ft.com\/content\/0025347f-6e0c-4dbd-9762-e4eec0431050?shareType=nongift\" target=\"_blank\" rel=\"noopener\">allowed<\/a>\u00a0attackers to steal more than USD 20 million over a few months in 2022.<\/li>\n<li>Pilara Arzuaga, senior associate at McDermott Will &amp; Emery,\u00a0<a href=\"https:\/\/www.finextra.com\/the-long-read\/736\/generative-ai-why-data-protection-needs-to-be-emphasised\" target=\"_blank\" rel=\"noopener\">discusses<\/a>\u00a0the main problems when financial institutions use generative AI.<\/li>\n<\/ul>\n<p dir=\"ltr\"><strong>Ukraine<\/strong><\/p>\n<ul>\n<li>The\u00a0<a href=\"https:\/\/2023.iforum.ua\/\" target=\"_blank\" rel=\"noopener\"><em>iForum-2023<\/em><\/a>\u00a0conference will be held in Kyiv on August 10, 2023 and feature topics related to military tech, AI and the future of Ukraine.<\/li>\n<li>Leonid Gorev, CEO and co-founder of IT company Alty,\u00a0<a href=\"https:\/\/biz.nv.ua\/experts\/onlayn-banking-v-evrope-afrike-i-azii-chem-otlichaetsya-ukrainskiy-finteh-i-kakie-perspektivy-50336037.html\" target=\"_blank\" rel=\"noopener\">discusses<\/a>\u00a0how Ukrainian online banking differs from other online banking experiences around the world.<\/li>\n<li>Privatbank and ZEN.COM have\u00a0<a href=\"https:\/\/psm7.com\/ru\/news\/privatbank-i-zen-com-zapustili-besplatnye-perevody-v-ukrainu-kak-vospolzovatsya.html\" target=\"_blank\" rel=\"noopener\">launched<\/a>\u00a0a service for fast money transfers to cards and bank accounts.<\/li>\n<li>Andriy Kmetyuk, head of innovative products at\u00a0<a href=\"https:\/\/biz.nv.ua\/experts\/otkrytye-dannye-open-banking-zarabotaet-v-ukraine-k-chemu-gotovitsya-50336960.html\" target=\"_blank\" rel=\"noopener\">UNITY-BARS<\/a>, outlines Ukraine\u2019s transition to open banking.<\/li>\n<li>Fintech Insider has\u00a0<a href=\"https:\/\/fintechinsider.com.ua\/ternystyj-shlyah-do-mriyi-chy-stvoryt-zreshtoyu-ukrposhta-poshtovyj-bank-v-ukrayini\/\" target=\"_blank\" rel=\"noopener\">published<\/a>\u00a0materials on the prospects for launching a bank under the Ukrposhti brand.<\/li>\n<\/ul>\n<p><strong>Kazakhstan<\/strong><\/p>\n<ul>\n<li>The profits of financial institutions in Kazakhstan\u00a0<a href=\"https:\/\/ranking.kz\/rankings\/banking-and-finance-rankings\/pribyl-kazahstanskih-bankov-vyrosla-na-74-za-god-kto-lidiruet.html\" target=\"_blank\" rel=\"noopener\">increased<\/a>\u00a0by 74% year-on-year, with Bank RBK having increased profits of 230%.<\/li>\n<li>Fintech giant Kaspi.kz has\u00a0<a href=\"https:\/\/www.spot.uz\/ru\/2023\/07\/24\/kaspi-kz\/\" target=\"_blank\" rel=\"noopener\">bought<\/a>\u00a0a stake in the company that owns the Avtoelon.uz service, meaning that it is likely to enter the Uzbek market in the near future.<\/li>\n<li>Kazakh-British Technical University (KBTU) has become the first university in the country to issue\u00a0<a href=\"https:\/\/kbtu.edu.kz\/ru\/latest-news\/3628-v-kazakhstane-vpervye-vydali-diplomy-v-vide-nft\" target=\"_blank\" rel=\"noopener\">NFTs for diplomas<\/a>.<\/li>\n<\/ul>\n<p><strong>Kyrgyzstan<\/strong><\/p>\n<ul>\n<li>Two Kyrgyz companies \u2013 Bitkor CJSC and Ticketnet LLC \u2013 have\u00a0<a href=\"https:\/\/fsa.gov.kg\/#\/advertpage\/fa37cd1a-22a0-44ec-ad8e-d31f83f991ac\" target=\"_blank\" rel=\"noopener\">received<\/a>\u00a0crypto licenses.<\/li>\n<li>Russian fintech company Abanking has\u00a0<a href=\"https:\/\/www.akchabar.kg\/ru\/news\/15-kyrgyzstanskih-bankov-oformlyayut-svoi-produkty-cherez-prilozheniya\/\" target=\"_blank\" rel=\"noopener\">conducted<\/a>\u00a0market research in Kyrgyzstan, finding that only 15% of Kyrgyz financial institutions issue products through apps.<\/li>\n<\/ul>\n<p><strong>Tajikistan<\/strong><\/p>\n<ul>\n<li>RTGS.global (an infrastructure provider for cross-border payments) will partner with Humo Bank in Tajikistan and Credo Bank in Georgia as part of a pilot project to\u00a0<a href=\"https:\/\/thefintechtimes.com\/banks-in-tajikistan-and-georgia-pilot-new-cross-border-settlement-solution-by-rtgs-global\/\" target=\"_blank\" rel=\"noopener\">launch<\/a>\u00a0a settlement service.<\/li>\n<\/ul>\n<p><strong>Uzbekistan<\/strong><\/p>\n<ul>\n<li>The Fintech Association of Uzbekistan will take part in\u00a0<a href=\"https:\/\/t.me\/finextrabanking\/633\" target=\"_blank\" rel=\"noopener\"><em>Korea Fintech Week 2023<\/em><\/a>.<\/li>\n<li>Nuriddina Lafizova, head of Alif Uzbekistan,\u00a0<a href=\"https:\/\/www.islamicfinancenews.com\/fueling-the-rise-of-islamic-fintech-through-foreign-direct-investment.html\" target=\"_blank\" rel=\"noopener\">provides<\/a>\u00a0an overview of the fintech industry in Uzbekistan.<\/li>\n<li><a href=\"https:\/\/urbantech.uz\/\" target=\"_blank\" rel=\"noopener\">Applications<\/a>\u00a0are now being accepted for the Urban.Tech Uzbekistan hackathon. The total prize fund for the hackathon is UZS 200 million.<\/li>\n<li>PLUS magazine has\u00a0<a href=\"https:\/\/plusworld.ru\/journal\/2023\/plus-7-2023\/platezhnyy-rynok-uzbekistana-trendy-i-perspektivy\/\" target=\"_blank\" rel=\"noopener\">published<\/a>\u00a0a large-scale overview of the payment market in Uzbekistan.<\/li>\n<li>Research agency RISE and the Venture Capital Investment Association of Uzbekistan have\u00a0<a href=\"https:\/\/digitalbusiness.kz\/2023-07-12\/sdelok-na-63-mln-v-uzbekistane-rasskazali-o-razvitii-venchurnoj-industrii-v-2022-2023-godah\/\" target=\"_blank\" rel=\"noopener\">published<\/a>\u00a0the results of a study on the venture capital industry of Uzbekistan.<\/li>\n<li>Spot has\u00a0<a href=\"https:\/\/www.spot.uz\/ru\/2023\/07\/17\/visa\" target=\"_blank\" rel=\"noopener\">published<\/a>\u00a0materials covering the\u00a0<em>Fintech, Banks and Retail<\/em>\u00a0international forum that was recently held in Tashkent.<\/li>\n<\/ul>\n<p><strong>Azerbaijan<\/strong><\/p>\n<ul>\n<li>Azerbaijan is\u00a0<a href=\"https:\/\/abc.az\/ru\/news\/124406\/azerbaidzan-gotovitsya-k-vnedreniyu-koncepcii-otkrytogo-bankinga-cba\" target=\"_blank\" rel=\"noopener\">preparing<\/a>\u00a0to introduce the concept of open banking.<\/li>\n<li>The Parliament of Azerbaijan has\u00a0<a href=\"https:\/\/report.az\/ru\/milli-mejlis\/v-azerbajdzhane-utverzhden-novyj-zakonoproekt-o-platezhnyh-uslugah-i-platezhnyh-sistemah\/\" target=\"_blank\" rel=\"noopener\">adopted<\/a>, during the third reading, the draft<em>\u00a0Law on Payment Services and Payment Systems<\/em>.<\/li>\n<\/ul>\n<p><strong>Armenia<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/banks.am\/ru\/news\/fintech\/26388\" target=\"_blank\" rel=\"noopener\">Revolut Lite<\/a>, an optimized version of the Revolut app, is now available in Armenia.<\/li>\n<li>Banks in Armenia, Georgia, Kazakhstan and Uzbekistan have banned transfers through\u00a0<a href=\"https:\/\/www.forbes.ru\/finansy\/493343-banki-v-kazahstane-uzbekistane-armenii-i-gruzii-zapretili-perevody-cerez-unistrim\" target=\"_blank\" rel=\"noopener\">Unistream<\/a>\u00a0after the operating bank of the system came under US sanctions.<\/li>\n<\/ul>\n<p><strong>Moldova<\/strong><\/p>\n<ul>\n<li>More than 10,000 residents\u00a0<a href=\"https:\/\/esp.md\/ru\/sobytiya\/2023\/07\/24\/za-pervyy-mesyac-raboty-v-moldove-servisom-revolut-vospolzovalis-10-tysyach\" target=\"_blank\" rel=\"noopener\">used<\/a>\u00a0the services of British fintech startup Revolut in its first month of operation in Moldova.<\/li>\n<li>Telecommunications company\u00a0<a href=\"https:\/\/newsmaker.md\/rus\/novosti\/moldcell-i-visa-obyavili-o-strategicheskom-partnerstve-dlya-prodvizheniya-tsifrovoj-transformatsii-v-respublike-moldova\/\" target=\"_blank\" rel=\"noopener\">Moldcell<\/a>\u00a0and Visa have announced a strategic partnership to promote digital transformation in Moldova.<\/li>\n<\/ul>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-17238 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Ameriabank launches a new payment application called Drops'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/ameriabank-launches-a-new-payment-application-called-drops\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/04\/drops_4-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-3685\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-3685'>\n\t\t\t\tAmeriabank launches a new payment application called Drops\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='How to successfully introduce artificial intelligence in the Uzbek banking sector'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/how-to-successfully-introduce-artificial-intelligence-the-uzbek-banking-sector\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/T1VM2f15155878387203_l-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8887\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8887'>\n\t\t\t\tHow to successfully introduce artificial intelligence in the Uzbek banking sector\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Digitalization levels in Kazakhstani financial institutions extremely low'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/digitalization-levels-in-kazakhstani-financial-institutions-extremely-low\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/12\/digitalization-levels-in-kazakhstani-financial-institutions-extremely-low-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14203\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14203'>\n\t\t\t\tDigitalization levels in Kazakhstani financial institutions extremely low\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. Around the World #Reports and Studies For the first half of 2023, global funding for fintech startups fell by 49% year-on-year,\u00a0amounting\u00a0to USD 23 billion. At the same time, this represents an increase of USD 6 billion &hellip;<\/p>\n","protected":false},"author":12,"featured_media":17222,"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\/17238"}],"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=17238"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17238\/revisions"}],"predecessor-version":[{"id":17239,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17238\/revisions\/17239"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/17222"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=17238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=17238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=17238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}