{"id":9257,"date":"2018-04-06T06:58:39","date_gmt":"2018-04-06T06:58:39","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=9257"},"modified":"2018-08-14T13:54:33","modified_gmt":"2018-08-14T13:54:33","slug":"banking-regulations-not-suitable-for-small-online-lenders-using-fintech-solutions","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/banking-regulations-not-suitable-for-small-online-lenders-using-fintech-solutions\/","title":{"rendered":"Banking regulations not suitable for small online lenders using FinTech solutions"},"content":{"rendered":"<p>In Kazakhstan, the rigid regulations of financial companies now also apply to online lending companies, leaving many to wonder if FinTech companies can thrive (or even survive) under such conditions. To meet regulatory requirements, banks in Kazakhstan have large staffs, something difficult for small companies and antithetical to the idea of efficiency that is associated with FinTech innovations. Because there is a lack of clarity surrounding these small online lenders (the bulk of the Kazakh FinTech market at the moment), regulators need to act quickly to either liberalize regulations or create temporary stays allowing the businesses to move forward until the state can act to create conditions and clearly-defined rules going forward. If Kazakhstan fails to act soon, it could risk losing many businesses and the capital associated with them.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-9257 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Infographic: top 20 reasons startups fail'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/infographic-top-20-reasons-startups-fail\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/02\/00-chart-3-768x1920-1-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-12198\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12198'>\n\t\t\t\tInfographic: top 20 reasons startups fail\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='National Bank of Uzbekistan launches mobile application'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/national-bank-launches-mobile-application\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/casual-man-browsing-phone-in-park_23-2147747773-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-8890\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8890'>\n\t\t\t\tNational Bank of Uzbekistan launches mobile application\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Top 10 trends impacting the future of payments'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/top-10-trends-impacting-the-future-of-payments\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/05\/young-handsome-man-enjoy-shopping-online-on-mobile-phone-with-credit-card_1258-309-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-9536\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-9536'>\n\t\t\t\tTop 10 trends impacting the future of payments\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>In Kazakhstan, the rigid regulations of financial companies now also apply to online lending companies, leaving many to wonder if FinTech companies can thrive (or even survive) under such conditions. To meet regulatory requirements, banks in Kazakhstan have large staffs, something difficult for small companies and antithetical to the idea of efficiency that is associated &hellip;<\/p>\n","protected":false},"author":5,"featured_media":9259,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,76],"tags":[129,75,335],"class_list":["post-9257","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-fintech","category-kazakhstan","tag-onlinelending","tag-regulation","tag-startups","b_post_type-regional-fintech-news"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9257","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\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=9257"}],"version-history":[{"count":4,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9257\/revisions"}],"predecessor-version":[{"id":9434,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9257\/revisions\/9434"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/9259"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=9257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=9257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=9257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}