{"id":9260,"date":"2018-04-06T06:58:40","date_gmt":"2018-04-06T06:58:40","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=9260"},"modified":"2018-04-06T08:02:56","modified_gmt":"2018-04-06T08:02:56","slug":"kazakh-fintech-business-opportunities-being-driven-to-other-countries","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/kazakh-fintech-business-opportunities-being-driven-to-other-countries\/","title":{"rendered":"Kazakh FinTech business opportunities being driven to other countries"},"content":{"rendered":"<p>As FinTech continues to become an important aspect of how financial markets all over the world operate, pressure from Kazakh regulators and information attacks directed against the online lending sector of Kazakhstan are forcing many businessmen to look for opportunities elsewhere, taking away much-needed capital, technology and trained personnel from the country. For example, FinTech companies in Kazakhstan are charged with exorbitant interest rates \u2014 up to 700% per annum \u2014 that are based on emotional assessments and not a real assessment of potential. Moreover, Kazakh citizens are not being given a chance to access financial services that FinTech solutions could provide them. As a result, they have nowhere to turn but to a thriving black lending and\/or unofficial lending market, which is estimated at USD 500 million in the country. Regulators need to understand the entire financial ecosystem and let markets develop to serve them in a way that protects consumers and also provides benefits to the state in terms of added revenue, economic growth and job creation.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-9260 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Where to make money with your money'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/where-to-make-money-with-your-money\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/09\/where-to-make-money-with-your-money-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13630\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13630'>\n\t\t\t\tWhere to make money with your money\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor (May 2024)'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-may-2024\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2024\/06\/8d0d461c-2e76-682a-c4d7-e4bff9d7820b1-1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-17678\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-17678'>\n\t\t\t\tBFC FinTech Monitor (May 2024)\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Why financial institution-FinTech partnerships will disappoint in 2019'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/why-financial-institution-fintech-partnerships-will-disappoint-in-2019\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/01\/why-financial-institution-fintech-partnerships-will-disappoint-in-2019-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12141\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12141'>\n\t\t\t\tWhy financial institution-FinTech partnerships will disappoint in 2019\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>As FinTech continues to become an important aspect of how financial markets all over the world operate, pressure from Kazakh regulators and information attacks directed against the online lending sector of Kazakhstan are forcing many businessmen to look for opportunities elsewhere, taking away much-needed capital, technology and trained personnel from the country. For example, FinTech &hellip;<\/p>\n","protected":false},"author":5,"featured_media":9261,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,76],"tags":[75,335],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9260"}],"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=9260"}],"version-history":[{"count":4,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9260\/revisions"}],"predecessor-version":[{"id":9457,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9260\/revisions\/9457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/9261"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=9260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=9260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=9260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}