In 2018, the Komercijalna banka (Commercial Bank) in Serbia achieved the best results in the past ten years, as it expects a profit of about RSD8.3 bn (over EUR70m). The bank has reversed the trend of declining market share.
The International Monetary Fund (IMF) and the World Bank (WB) have published an agenda devoted to the fintechs, and call for the extensive cooperation between the regulators.
Artificial intelligence could become a useful force in the financial services sector, but it could also become a destabilizing force posing a threat to the global financial system.
Fintech companies have made considerable progress in promoting financial inclusion through new business models and products. Incomplete or inadequate access to financial services is a problem faced by a large part of the...
Nearly 100 per cent of companies in countries belonging to the OECD are small and medium enterprises. However, such companies usually operate in less favorable business conditions than the large ones.
Russia’s largest financial institution, the state-owned Sberbank continues to increase its profits by a rapid pace despite the numerous obstacles many Russian banks have been facing.
Cutting edge technology is revolutionizing the rules the financial sector has operated under so far. The institutions that will only evolve instead of undergoing a revolution could disappear from the market.
There are 170 companies operating in the Fintech sector in Poland, 60 of which have benefited from the government's "Innovation Hub" development program.
Over the course of the last dozen or so months, EU institutions, as well as the Polish Financial Supervision Authority have intensified their efforts to help fintech companies to develop.
Excessive investment in coal-based energy may result in a crisis in the banking sector. Such a scenario is taken into consideration by experts at WiseEuropa.